Planet Labs PBC (NYSE:PL) shares, rose in value on Thursday, March 27, with the stock price down by -2.87% to the previous day’s close as strong demand from buyers drove the stock to $3.72.
Actively observing the price movement in the last trading, the stock closed the session at $3.83, falling within a range of $3.665 and $3.8. The value of beta (5-year monthly) was 1.457. Referring to stock’s 52-week performance, its high was $6.71, and the low was $1.67. On the whole, PL has fluctuated by -20.34% over the past month.
With the market capitalization of Planet Labs PBC currently standing at about $1.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-19.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 270.44M, with a low estimate of 61.65M and a high estimate of 63M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 62.29M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of PL currently trading nearly -8.24% and -23.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.12, while the 7-day volatility ratio is showing 8.97% which for the 30-day chart, stands at 8.07%. Furthermore, Planet Labs PBC (PL)’s beta value is 1.51, and its average true range (ATR) is 0.36.
A comparison of Planet Labs PBC (PL) with its peers suggests the former has fared considerably weaker in the market. PL showed an intraday change of -2.87% in last session, and over the past year, it grew by 49.40%%.
Data on historical trading for Planet Labs PBC (NYSE:PL) indicates that the trading volumes over the past 10 days have averaged 5.22 and over the past 3 months, they’ve averaged 5.71 million. According to company’s latest data on outstanding shares, there are 278.94 million shares outstanding.
Nearly 33.15% of Planet Labs PBC’s shares belong to company insiders and institutional investors own 31.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.59 million shares as on 2025-03-14, resulting in a short ratio of 1.39. According to the data, the short interest in Planet Labs PBC (PL) stood at 272.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 5.95 million. The stock has fallen by -7.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PL stock heading into the next quarter.
