Planet Labs PBC (NYSE:PL) price on current trading day, rose 4.85% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.32.
A look at the stock’s price movement, the close in the last trading session was $4.12, moving within a range at $4.12 and $4.4. The beta value (5-Year monthly) was 1.457. Turning to its 52-week performance, $6.71 and $1.67 were the 52-week high and 52-week low respectively. Overall, PL moved -30.21% over the past month.
Planet Labs PBC’s market cap currently stands at around $1.29 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Dec-08.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PL is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 5 recommend PL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PL’s current price about 0.29% and -10.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.46, while 7-day volatility ratio is 5.64% and 8.46% in the 30-day chart. Further, Planet Labs PBC (PL) has a beta value of 1.47, and an average true range (ATR) of 0.36. Analysts have given the company’s stock an average 52-week price target of $6.3, forecast between a low of $6.3 and high of $6.3. Looking at the price targets, the low is -45.83% off current price level while to achieve the yearly target high, price needs to move -45.83%. Nonetheless, investors will most likely welcome a -45.83% jump to $6.3 which is the analysts’ median price.
If we refocus on Planet Labs PBC (NYSE:PL), historical trading data shows that trading volumes averaged 3.9 over the past 10 days and 5.74 million over the past 3 months. The company’s latest data on shares outstanding shows there are 275.27 million shares.
The 33.21% of Planet Labs PBC’s shares are in the hands of company insiders while institutional holders own 31.98% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.21 million on 2025-02-28, giving us a short ratio of 0.86. The data shows that as of 2025-02-28 short interest in Planet Labs PBC (PL) stood at 257.0 of shares outstanding, with shares short rising to 5.99 million registered in 2025-01-31. Current price change has pushed the stock 6.93% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PL stock continues to rise going into the next quarter.
