The trading price of Palantir Technologies Inc (NASDAQ:PLTR) closed higher on Friday, May 23, and closing at $125.68, 1.92% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $124.52 and $127.88. The company’s P/E ratio in the trailing 12-month period was 548.82, while its 5Y monthly beta was 2.684. In examining the 52-week price action we see that the stock hit a 52-week high of $133.49 and a 52-week low of $20.64. Over the past month, the stock has gained 11.44% in value.
Palantir Technologies Inc, whose market valuation is $296.59 billion at the time of this writing, is expected to release its quarterly earnings report on 2025-May-04. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest PLTR has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned PLTR a recommendation rating is 14. Out of them, 5 rate it a Hold, while 6 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Palantir Technologies Inc (PLTR) as Underweight, while 3 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 16.58, which symbolizes a positive outlook. A quick review shows that PLTR’s price is currently 3.32% off the SMA20 and 21.63% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.44, and weekly volatility stands at 2.46%. When measured over the past 30 days, the indicator reaches 4.44%. Palantir Technologies Inc (NASDAQ:PLTR)’s beta value is currently sitting at 2.65, while the Average True Range indicator is currently displaying 6.38. With analysts defining $60-$140 as the low and high price targets, we arrive at a consensus price target of $102.5 for the trailing 12-month period. The current price is about 52.26% off the estimated low and -11.39% off the forecast high, based on this estimate. Investors will be thrilled if PLTR’s share price rises to $102.5, which is the median consensus price. At that level, PLTR’s share price would be 18.44% above current price.
To see how Palantir Technologies Inc stock has been performing in comparison to its peers in the industry, here are the numbers: PLTR stock’s performance was 1.92% in the latest trading, and 493.67% in the past year. Palantir Technologies Inc has a P/E ratio of 548.82.
An evaluation of the daily trading volume of Palantir Technologies Inc (NASDAQ:PLTR) indicates that the 3-month average is 107.33 million. However, this figure has increased over the past 10 days to an average of 82.02.
Currently, records show that 2.26 billion of the company’s shares remain outstanding. The insiders hold 9.44% of outstanding shares, whereas institutions hold 51.20%. The stats also highlight that short interest as of 2025-04-30, stood at 54.98 million shares, resulting in a short ratio of 0.49 at that time. From this, we can conclude that short interest is 255.00 of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 52.26 million. However, since the stock’s price has seen 66.18% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
