The trading price of Palantir Technologies Inc (NASDAQ:PLTR) closed lower on Monday, December 09, and closing at $72.46, -5.08% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $71.05 and $80.91. The company’s P/E ratio in the trailing 12-month period was 366.89, 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 $76.82 and a 52-week low of $15.66. Over the past month, the stock has gained 29.67% in value.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Palantir Technologies Inc, whose market valuation is $175.33 billion at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
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 13.32, which symbolizes a positive outlook. A quick review shows that PLTR’s price is currently 10.69% off the SMA20 and 38.34% off the SMA50. The RSI metric on the 14-day chart is currently showing 69.06, and weekly volatility stands at 7.65%. When measured over the past 30 days, the indicator reaches 5.80%. Palantir Technologies Inc (NASDAQ:PLTR)’s beta value is currently sitting at 2.87, while the Average True Range indicator is currently displaying 3.72. With analysts defining $16-$75 as the low and high price targets, we arrive at a consensus price target of $35 for the trailing 12-month period. The current price is about 77.92% off the estimated low and -3.51% off the forecast high, based on this estimate. Investors will be thrilled if PLTR’s share price rises to $35, which is the median consensus price. At that level, PLTR’s share price would be 51.7% 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 -5.08% in the latest trading, and 320.79% in the past year. Palantir Technologies Inc has a P/E ratio of 366.89.
An evaluation of the daily trading volume of Palantir Technologies Inc (NASDAQ:PLTR) indicates that the 3-month average is 72.37 million. However, this figure has increased over the past 10 days to an average of 66.55.
Currently, records show that 2.17 billion of the company’s shares remain outstanding. The insiders hold 9.84% of outstanding shares, whereas institutions hold 48.85%. The stats also highlight that short interest as of 2024-11-15, stood at 85.4 million shares, resulting in a short ratio of 1.28 at that time. From this, we can conclude that short interest is 420.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 95.59 million. However, since the stock’s price has seen 322.02% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
