Palantir Technologies Inc. [NYSE: PLTR] closed the trading session at $10.17 on 07/08/22. The day’s price range saw the stock hit a low of $9.83, while the highest price level was $10.38. The company report on June 28, 2022 that Army Selects Palantir to Build TITAN Program Competitive Prototype.
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Palantir Technologies Inc. (NYSE: PLTR) announced today that it is one of two companies awarded a prime contract by the Army to build a prototype for the Tactical Intelligence Targeting Access Node (TITAN), the first Intelligence ground station enabled by Artificial Intelligence and Machine Learning (AI/ML). The $36 million contract award is for the competitive prototyping phase that will span 14 months.
The TITAN program brings together a variety of systems, technologies, and vendors to ensure scalability. Palantir’s Modular Open System Architecture (MOSA) will be the critical backbone that provides correlation, fusion, and integration of sensor data alongside insights from AI/ML overlaid at the tactical edge. With TITAN, the Army will be able to merge varied data from a rapidly proliferating series of sensors, enabling frontline forces to gain situational awareness and make real-time decisions at transformative speeds. This effort is a critical enabler that advances the Army towards JADC2 and deters the near-peer threat.
The stocks have a year to date performance of -44.15 percent and weekly performance of 12.13 percent. The stock has been moved at -40.04 percent over the last six months. The stock has performed 11.39 percent around the most recent 30 days and changed -21.77 percent over the most recent 3-months.
If compared to the average trading volume of 42.67M shares, PLTR reached to a volume of 36650339 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $10.92 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 3.00. 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.
Goldman have made an estimate for Palantir Technologies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 23, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on June 21, 2022, representing the official price target for Palantir Technologies Inc. stock. Previously, the target price had yet another drop from $12 to $6, while RBC Capital Mkts kept a Underperform rating on PLTR stock. On April 20, 2022, analysts increased their price target for PLTR shares from 9 to 12.
The Average True Range (ATR) for Palantir Technologies Inc. is set at 0.59, with the Price to Sales ratio for PLTR stock in the period of the last 12 months amounting to 12.64. The Price to Book ratio for the last quarter was 8.77, with the Price to Cash per share for the same quarter was set at 1.23. Price to Free Cash Flow for PLTR in the course of the last twelve months was 92.43 with Quick ratio for the last quarter at 4.40.
PLTR stock trade performance evaluation
Palantir Technologies Inc. [PLTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.13. With this latest performance, PLTR shares gained by 11.39% in over the last four-week period, additionally sinking by -40.04% over the last 6 months – not to mention a drop of -55.94% in the past year of trading.
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 59.55, with the RSI for the last a single of trading hit 64.11, and the three-weeks RSI is set at 55.64 for Palantir Technologies Inc. [PLTR]. The present Moving Average for the last 50 days of trading for this stock 8.91, while it was recorded at 9.90 for the last single week of trading, and 15.44 for the last 200 days.
Palantir Technologies Inc. [PLTR]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Palantir Technologies Inc. [PLTR] shares currently have an operating margin of -26.66 and a Gross Margin at +77.99. Palantir Technologies Inc.’s Net Margin is presently recorded at -33.75.
Return on Equity for this stock declined to -27.29, with Return on Assets sitting at -17.53.
Palantir Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.40 and a Current Ratio set at 4.40.
Earnings per share (EPS) analysis for Palantir Technologies Inc. [PLTR] stock
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 35.42%.
Palantir Technologies Inc. [PLTR]: Insider Ownership positions
There are presently around $6,400 million, or 33.90% of PLTR stock, in the hands of institutional investors. The top three institutional holders of PLTR stocks are: VANGUARD GROUP INC with ownership of 156,003,743, which is approximately 22.413% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 86,955,785 shares of the stock with an approximate value of $884.34 million in PLTR stocks shares; and STATE STREET CORP, currently with $348.71 million in PLTR stock with ownership of nearly 2.751% 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 459 institutional holders increased their position in Palantir Technologies Inc. [NYSE:PLTR] by around 106,746,433 shares. Additionally, 341 investors decreased positions by around 148,365,324 shares, while 133 investors held positions by with 374,220,034 shares. The mentioned changes placed institutional holdings at 629,331,791 shares, according to the latest SEC report filing. PLTR stock had 118 new institutional investments in for a total of 37,538,694 shares, while 129 institutional investors sold positions of 39,168,641 shares during the same period.