Palantir Technologies Inc. [NYSE: PLTR] stock went on a downward path that fall over -1.20% on Friday, amounting to a one-week price decrease of less than -6.80%. The company report on August 31, 2022 that Palantir Announces Partnership with Beckett Collectibles.
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Palantir Foundry will enable Beckett Collectibles to modernize and digitize “decades of data”.
Palantir Technologies Inc. (NYSE: PLTR, “Palantir”), a leading creator of data platforms used by enterprise and growth stage companies, today announced that Beckett Collectibles, the most trusted name in the collectibles industry, is deploying Palantir Foundry across the company’s operations to help accelerate its digital transformation.
Over the last 12 months, PLTR stock dropped by -72.09%. The one-year Palantir Technologies Inc. stock forecast points to a potential upside of 31.23. The average equity rating for PLTR stock is currently 2.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $15.45 billion, with 2.05 billion shares outstanding and 1.74 billion shares in the current float. Compared to the average trading volume of 38.26M shares, PLTR stock reached a trading volume of 25815492 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 $10.76 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 2.80. 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.
Deutsche Bank have made an estimate for Palantir Technologies Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on August 09, 2022. The new note on the price target was released on July 22, 2022, representing the official price target for Palantir Technologies Inc. stock. Previously, the target price had yet another raise to $20, while Raymond James analysts kept a Strong Buy rating on PLTR stock.
The Average True Range (ATR) for Palantir Technologies Inc. is set at 0.48, with the Price to Sales ratio for PLTR stock in the period of the last 12 months amounting to 8.86. The Price to Book ratio for the last quarter was 6.49, with the Price to Cash per share for the same quarter was set at 1.18. Price to Free Cash Flow for PLTR in the course of the last twelve months was 59.39 with Quick ratio for the last quarter at 4.40.
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 -6.80. With this latest performance, PLTR shares dropped by -34.63% in over the last four-week period, additionally sinking by -32.48% over the last 6 months – not to mention a drop of -72.09% 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 30.98, with the RSI for the last a single of trading hit 23.94, and the three-weeks RSI is set at 36.01 for Palantir Technologies Inc. [PLTR]. The present Moving Average for the last 50 days of trading for this stock 9.41, while it was recorded at 7.64 for the last single week of trading, and 12.34 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 -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.
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 25.71%.
Palantir Technologies Inc. [PLTR] Insider Position Details
There are presently around $4,817 million, or 34.60% of PLTR stock, in the hands of institutional investors. The top three institutional holders of PLTR stocks are: VANGUARD GROUP INC with ownership of 159,406,670, which is approximately 2.181% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 91,443,147 shares of the stock with an approximate value of $676.68 million in PLTR stocks shares; and STATE STREET CORP, currently with $253.21 million in PLTR stock with ownership of nearly -0.206% 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 385 institutional holders increased their position in Palantir Technologies Inc. [NYSE:PLTR] by around 93,548,759 shares. Additionally, 360 investors decreased positions by around 78,033,087 shares, while 160 investors held positions by with 479,340,991 shares. The mentioned changes placed institutional holdings at 650,922,837 shares, according to the latest SEC report filing. PLTR stock had 93 new institutional investments in for a total of 40,380,388 shares, while 111 institutional investors sold positions of 39,846,679 shares during the same period.