The trading price of Palantir Technologies Inc (NYSE:PLTR) closed lower on Monday, November 18, and closing at $61.26, -6.86% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $58.85 and $64.82. The company’s P/E ratio in the trailing 12-month period was 310.18, while its 5Y monthly beta was 2.697. In examining the 52-week price action we see that the stock hit a 52-week high of $66.00 and a 52-week low of $15.66. Over the past month, the stock has gained 42.56% in value.
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Palantir Technologies Inc, whose market valuation is $155.09 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.11 per share this quarter, however they have predicted annual earnings per share of 0.38 for current year and 0.47 for next year.
Analysts have forecast the company to bring in revenue of 776.2M for the current quarter, with the likely lows of 768.5M and highs of 821M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.79B.
On the technical side, indicators suggest PLTR has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned PLTR a recommendation rating is 14. Out of them, 5 rate it a Hold, while 6 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Palantir Technologies Inc (PLTR) as Underweight, while 3 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 12.07, which symbolizes a positive outlook. A quick review shows that PLTR’s price is currently 20.08% off the SMA20 and 40.13% off the SMA50. The RSI metric on the 14-day chart is currently showing 69.92, and weekly volatility stands at 6.34%. When measured over the past 30 days, the indicator reaches 4.68%. Palantir Technologies Inc (NYSE:PLTR)’s beta value is currently sitting at 2.77, while the Average True Range indicator is currently displaying 3.07. With analysts defining $4.5-$57 as the low and high price targets, we arrive at a consensus price target of $20.5 for the trailing 12-month period. The current price is about 92.65% off the estimated low and 6.95% off the forecast high, based on this estimate. Investors will be thrilled if PLTR’s share price rises to $20.5, which is the median consensus price. At that level, PLTR’s share price would be 66.54% above current price.
To see how Palantir Technologies Inc stock has been performing in comparison to its peers in the industry, here are the numbers: PLTR stock’s performance was -6.86% in the latest trading, and 209.86% in the past year. Palantir Technologies Inc has a P/E ratio of 310.18.
An evaluation of the daily trading volume of Palantir Technologies Inc (NYSE:PLTR) indicates that the 3-month average is 65.05 million. However, this figure has increased over the past 10 days to an average of 107.16.
Currently, records show that 2.10 billion of the company’s shares remain outstanding. The insiders hold 9.82% of outstanding shares, whereas institutions hold 48.81%. The stats also highlight that short interest as of 2024-10-31, stood at 85.46 million shares, resulting in a short ratio of 1.84 at that time. From this, we can conclude that short interest is 421.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 97.63 million. However, since the stock’s price has seen 256.79% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
