Palantir Technologies Inc (NASDAQ:PLTR) traded at $120.90 at last check on current trade day and made an upward move of 1.46% on its previous day’s price.
Looking at the stock we see that its previous close was $119.16 and the beta (5Y monthly) reads 2.811 with the day’s price range being $119.12 – $125.0. The company has a trailing 12-month PE ratio of 643.44. In terms of its 52-week price range, PLTR has a high of $120.67 and a low of $20.33. The company’s stock has gained about 74.61% over that past 30 days.
Palantir Technologies Inc has a market cap of $275.42 billion and is expected to release its quarterly earnings report in March.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 874.36M, with a low of 859.7M and a high of 1.02B. The median projection represents growth squeezing down to 37.84% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 3.78B, or 31.97% up from figures reported last year.
On the other hand, looking at the outlook for the PLTR stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 14 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Palantir Technologies Inc (PLTR) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 3 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the PLTR stock currently stands at 20.57, and the most recent price level today is 25.76% off its SMA20 and 46.16% from its 50-day simple moving average. The RSI (14) is pointing at 79.54 while the volatility over the past week is 5.25% and jumps to 5.41% over the past one month. The beta value is 2.81, while the average true range (ATR) is currently pointing at 5.83. The average price target for the stock over the next 12 months is $75, with the estimates having a low of $35 and a high of $105. These price ends are 71.05% and 13.15% off the today’s price level respectively, although investors could be excited at the prospect of a 37.97% if the PLTR share price touches on the median price of $75.
Coming back to Palantir Technologies Inc (NASDAQ:PLTR), we note that the average 3-month trading volume was 85.79 million, while that of the preceding 10-day period stands at 111.5 million. Current shares outstanding are 2.28 billion.
The insiders hold 9.73% of the company’s shares while institutions hold 50.55%. The data shows that short shares as of 2025-01-31, stood at 70.62 million at a short ratio of 1.04. This represents a 348.00 short interest in shares outstanding on 2025-01-31. Shares short fall in January from the previous month at 98.49 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 59.86% up in year-to-date price movement.