Palantir Technologies Inc (NASDAQ:PLTR) shares, rose in value on Thursday, February 13, with the stock price up by 0.44% to the previous day’s close as strong demand from buyers drove the stock to $117.91.
Actively observing the price movement in the last trading, the stock closed the session at $117.39. The PE ratio was 627.51 over 12-month period. Referring to stock’s 52-week performance, its high was $118.66, and the low was $20.33. On the whole, PLTR has fluctuated by 78.90% over the past month.
With the market capitalization of Palantir Technologies Inc currently standing at about $268.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.78B, with a low estimate of 859.7M and a high estimate of 1.02B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 874.36M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PLTR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 20.06, with the price of PLTR currently trading nearly 29.31% and 46.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.15, while the 7-day volatility ratio is showing 5.65% which for the 30-day chart, stands at 5.38%. Furthermore, Palantir Technologies Inc (PLTR)’s beta value is 2.78, and its average true range (ATR) is 5.98.
A comparison of Palantir Technologies Inc (PLTR) with its peers suggests the former has fared considerably weaker in the market. PLTR showed an intraday change of 0.44% in last session, and over the past year, it grew by 370.70%%.
Data on historical trading for Palantir Technologies Inc (NASDAQ:PLTR) indicates that the trading volumes over the past 3 months, they’ve averaged 86.12 million. According to company’s latest data on outstanding shares, there are 2.28 billion shares outstanding.
Nearly 9.73% of Palantir Technologies Inc’s shares belong to company insiders and institutional investors own 49.99% of the company’s shares. The stock has risen by 55.90% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PLTR stock heading into the next quarter.
