Palantir Technologies Inc (NASDAQ:PLTR) shares, rose in value on Wednesday, April 16, with the stock price down by -5.78% to the previous day’s close as strong demand from buyers drove the stock to $92.71.
Actively observing the price movement in the last trading, the stock closed the session at $98.40, falling within a range of $89.62 and $97.3. The value of beta (5-year monthly) was 2.741 whereas the PE ratio was 490.27 over 12-month period. Referring to stock’s 52-week performance, its high was $125.41, and the low was $20.33. On the whole, PLTR has fluctuated by 10.51% over the past month.
With the market capitalization of Palantir Technologies Inc currently standing at about $217.44 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-02.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.77B, with a low estimate of 853M and a high estimate of 1.02B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 871.74M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 75% 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 16.33, with the price of PLTR currently trading nearly 5.23% and -0.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.13, while the 7-day volatility ratio is showing 6.81% which for the 30-day chart, stands at 8.41%. Furthermore, Palantir Technologies Inc (PLTR)’s beta value is 2.65, and its average true range (ATR) is 7.83.
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 -5.78% in last session, and over the past year, it grew by 323.33%%.
Data on historical trading for Palantir Technologies Inc (NASDAQ:PLTR) indicates that the trading volumes over the past 10 days have averaged 131.54 and over the past 3 months, they’ve averaged 106.84 million. According to company’s latest data on outstanding shares, there are 2.24 billion shares outstanding.
Nearly 9.43% of Palantir Technologies Inc’s shares belong to company insiders and institutional investors own 49.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 52.26 million shares as on 2025-03-31, resulting in a short ratio of 0.49. According to the data, the short interest in Palantir Technologies Inc (PLTR) stood at 249.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 61.18 million. The stock has risen by 22.58% 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.
