Palantir Technologies Inc. [NYSE: PLTR] surged by $0.08 during the normal trading session on Friday and reaching a high of $6.4499 during the day while it closed the day at $6.40. The company report on January 2, 2023 that MSP Recovery, Now Doing Business as LifeWallet, Entered into a Term Sheet for the Monetization of a Portion of Its Company-owned Assignor Interests as a New Source of Monetization for $275 Million, and Payment of $48 Million in Servicing Fees for 2023.
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In the ordinary course of its business, LIFW acquires assignments of recoveries from health insurance payors, healthcare providers and others, and uses its proprietary multi-level data analytics system to identify and then works to secure recoveries from responsible parties. LIFW typically obtains the assignment of all of the claim rights and pays out 50% of such recoveries (the “Assignor Interest”) as a contingent payment and retains the other 50% (the “MSPR Recovery Proceeds”). In certain circumstances, LIFW has acquired the assignor’s 50% interest up-front by purchasing the assignor’s contractual right to collect at the time of recovery. LIFW has been able to establish a price for these purchases that inures to the benefit of LIFW by monetizing these claims at a much higher rate than paid by the Company. Today, LIFW announces that it entered into a Term Sheet relating to the sale of $275 million worth of select healthcare claims recovery interests (the “MSP Claims”) and the receipt of another $48 million in servicing fees related to the MSP Claims that LIFW is selling, therefore indicating that these claims, upon signing the definitive documents described herein, will be monetized at a much higher rate than they are purchased for. The Term Sheet also provides for the Company to acquire certain claims for $330 million that pertain to the entire claim rights, as well as certain Assignor Interests.
Palantir Technologies Inc. stock has also loss 0.00% of its value over the past 7 days. However, PLTR stock has declined by -24.44% in the 3 months of the year. Over the past six months meanwhile, it has lost -37.07% and lost -0.31% year-on date.
The market cap for PLTR stock reached $13.15 billion, with 2.07 billion shares outstanding and 1.76 billion shares in the current float. Compared to the average trading volume of 33.25M shares, PLTR reached a trading volume of 30596404 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 $9.01 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 3.20. 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.
Jefferies have made an estimate for Palantir Technologies Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 05, 2023. The new note on the price target was released on December 21, 2022, representing the official price target for Palantir Technologies Inc. stock. Previously, the target price had yet another drop from $11 to $8, while Deutsche Bank kept a Sell rating on PLTR stock.
The Average True Range (ATR) for Palantir Technologies Inc. is set at 0.36, with the Price to Sales ratio for PLTR stock in the period of the last 12 months amounting to 7.18. The Price to Book ratio for the last quarter was 5.57, with the Price to Cash per share for the same quarter was set at 1.20. Price to Free Cash Flow for PLTR in the course of the last twelve months was 66.60 with Quick ratio for the last quarter at 4.30.
PLTR stock trade performance evaluation
Palantir Technologies Inc. [PLTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, PLTR shares dropped by -8.44% in over the last four-week period, additionally sinking by -37.07% over the last 6 months – not to mention a drop of -62.26% 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 42.56, with the RSI for the last a single of trading hit 44.24, and the three-weeks RSI is set at 42.43 for Palantir Technologies Inc. [PLTR]. The present Moving Average for the last 50 days of trading for this stock 7.29, while it was recorded at 6.42 for the last single week of trading, and 8.90 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 4.30 and a Current Ratio set at 4.30.
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 25.85%.
Palantir Technologies Inc. [PLTR]: Insider Ownership positions
There are presently around $4,254 million, or 34.90% of PLTR stock, in the hands of institutional investors. The top three institutional holders of PLTR stocks are: VANGUARD GROUP INC with ownership of 157,485,528, which is approximately -1.205% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 91,718,522 shares of the stock with an approximate value of $587.0 million in PLTR stocks shares; and STATE STREET CORP, currently with $223.21 million in PLTR stock with ownership of nearly 1.926% of the company’s market capitalization.
Positions in Palantir Technologies Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 377 institutional holders increased their position in Palantir Technologies Inc. [NYSE:PLTR] by around 74,803,146 shares. Additionally, 321 investors decreased positions by around 45,912,128 shares, while 181 investors held positions by with 543,925,487 shares. The mentioned changes placed institutional holdings at 664,640,761 shares, according to the latest SEC report filing. PLTR stock had 95 new institutional investments in for a total of 14,343,981 shares, while 82 institutional investors sold positions of 12,385,158 shares during the same period.