Palantir Technologies Inc. [NYSE: PLTR] stock went on an upward path that rose over 1.66% on Tuesday, amounting to a one-week price decrease of less than -1.65%. The company report on August 30, 2021 that Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Palantir Technologies Inc. (PLTR) Investigation.
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Palantir Technologies Inc. (“Palantir” or the “Company”)(NYSE:PLTR). Investors who purchased Palantir sharesare encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com
The investigation concerns whether Palantir and certain of its officers and/or directors have violated federal securities laws.
The one-year Palantir Technologies Inc. stock forecast points to a potential downside of -6.7. The average equity rating for PLTR stock is currently 3.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $50.97 billion, with 1.89 billion shares outstanding and 1.63 billion shares in the current float. Compared to the average trading volume of 42.43M shares, PLTR stock reached a trading volume of 34388479 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Palantir Technologies Inc. [PLTR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLTR shares is $24.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLTR stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
RBC Capital Mkts have made an estimate for Palantir Technologies Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on August 13, 2021. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on April 23, 2021, representing the official price target for Palantir Technologies Inc. stock. Previously, the target price had yet another raise to $20, while Credit Suisse analysts kept a Underperform rating on PLTR stock. On February 17, 2021, analysts increased their price target for PLTR shares from 13 to 34.
The Average True Range (ATR) for Palantir Technologies Inc. is set at 1.03, with the Price to Sales ratio for PLTR stock in the period of the last 12 months amounting to 38.37. The Price to Book ratio for the last quarter was 24.09, with the Price to Cash per share for the same quarter was set at 1.21. Price to Free Cash Flow for PLTR in the course of the last twelve months was 826.09 with Quick ratio for the last quarter at 3.90.
PLTR Stock Performance Analysis:
Palantir Technologies Inc. [PLTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.65. With this latest performance, PLTR shares gained by 5.46% in over the last four-week period, additionally plugging by 2.54% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLTR stock in for the last two-week period is set at 58.67, with the RSI for the last a single of trading hit 58.35, and the three-weeks RSI is set at 57.86 for Palantir Technologies Inc. [PLTR]. The present Moving Average for the last 50 days of trading for this stock 23.76, while it was recorded at 26.02 for the last single week of trading, and 25.01 for the last 200 days.
Insight into Palantir Technologies Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Palantir Technologies Inc. [PLTR] shares currently have an operating margin of -107.41 and a Gross Margin at +67.74. Palantir Technologies Inc.’s Net Margin is presently recorded at -107.25.
Return on Total Capital for PLTR is now -93.07, given the latest momentum, and Return on Invested Capital for the company is -94.01. Return on Equity for this stock declined to -140.42, with Return on Assets sitting at -54.70. When it comes to the capital structure of this company, Palantir Technologies Inc. [PLTR] has a Total Debt to Total Equity ratio set at 30.01. Additionally, PLTR Total Debt to Total Capital is recorded at 23.08, with Total Debt to Total Assets ending up at 16.98. Long-Term Debt to Equity for the company is recorded at 28.10, with the Long-Term Debt to Total Capital now at 21.61.
Reflecting on the efficiency of the workforce at the company, Palantir Technologies Inc. [PLTR] managed to generate an average of -$480,473 per employee. Receivables Turnover for the company is 10.54 with a Total Asset Turnover recorded at a value of 0.51.Palantir Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.90 and a Current Ratio set at 3.90.
PLTR Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PLTR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Palantir Technologies Inc. go to 49.39%.
Palantir Technologies Inc. [PLTR] Insider Position Details
There are presently around $12,764 million, or 23.90% of PLTR stock, in the hands of institutional investors. The top three institutional holders of PLTR stocks are: VANGUARD GROUP INC with ownership of 98,584,186, which is approximately 289.621% of the company’s market cap and around 1.30% of the total institutional ownership; BLACKROCK INC., holding 49,399,569 shares of the stock with an approximate value of $1.3 billion in PLTR stocks shares; and ARK INVESTMENT MANAGEMENT LLC, currently with $805.7 million in PLTR stock with ownership of nearly 64.668% of the company’s market capitalization.
Positions in Palantir Technologies Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 521 institutional holders increased their position in Palantir Technologies Inc. [NYSE:PLTR] by around 286,393,333 shares. Additionally, 219 investors decreased positions by around 68,517,050 shares, while 93 investors held positions by with 131,165,657 shares. The mentioned changes placed institutional holdings at 486,076,040 shares, according to the latest SEC report filing. PLTR stock had 229 new institutional investments in for a total of 82,887,556 shares, while 83 institutional investors sold positions of 38,280,451 shares during the same period.