Palantir Technologies Inc. [NYSE: PLTR] traded at a high on 09/01/23, posting a 1.34 gain after which it closed the day’ session at $15.18. The company report on August 9, 2023 at 6:59 AM that Palantir Expands Presence in Industry Entering Multi-Year Partnership with Azule Energy.
Angola’s leading independent oil and gas producer will use Palantir Foundry across operations.
Palantir Technologies Inc. (NYSE: PLTR), and Azule Energy, a leading Angolan energy provider, have entered a multi-year partnership to deploy cutting edge software to optimize Azule Energy’s upstream production. Palantir Foundry will help Azule Energy manage their current 200,000 barrels of daily oil production and support their growth goal of 250,000 barrels per day.
The results of the trading session contributed to over 44973328 shares changing hands. Over the past one week, the price volatility of Palantir Technologies Inc. stands at 5.77% while the volatility over the past one month is 6.34%.
The market cap for PLTR stock reached $32.22 billion, with 2.13 billion shares outstanding and 1.82 billion shares in the current float. Compared to the average trading volume of 75.57M shares, PLTR reached a trading volume of 44973328 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $14.11 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 3.40. 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.
Morgan Stanley have made an estimate for Palantir Technologies Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on August 31, 2023.
The Average True Range (ATR) for Palantir Technologies Inc. is set at 1.00, with the Price to Sales ratio for PLTR stock in the period of the last 12 months amounting to 15.76. The Price to Book ratio for the last quarter was 10.92, with the Price to Cash per share for the same quarter was set at 1.46. Price to Free Cash Flow for PLTR in the course of the last twelve months was 85.83 with Quick ratio for the last quarter at 5.20.
How has PLTR stock performed recently?
Palantir Technologies Inc. [PLTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.47. With this latest performance, PLTR shares dropped by -18.87% in over the last four-week period, additionally plugging by 82.23% over the last 6 months – not to mention a rise of 96.63% 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 47.32, with the RSI for the last a single of trading hit 48.03, and the three-weeks RSI is set at 48.11 for Palantir Technologies Inc. [PLTR]. The present Moving Average for the last 50 days of trading for this stock 16.09, while it was recorded at 15.31 for the last single week of trading, and 10.66 for the last 200 days.
Palantir Technologies Inc. [PLTR]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Palantir Technologies Inc. [PLTR] shares currently have an operating margin of -8.46 and a Gross Margin at +78.56. Palantir Technologies Inc.’s Net Margin is presently recorded at -19.61.
Return on Total Capital for PLTR is now -5.92, given the latest momentum, and Return on Invested Capital for the company is -14.15. Return on Equity for this stock declined to -15.39, with Return on Assets sitting at -11.14. When it comes to the capital structure of this company, Palantir Technologies Inc. [PLTR] has a Total Debt to Total Equity ratio set at 9.72. Additionally, PLTR Total Debt to Total Capital is recorded at 8.86, with Total Debt to Total Assets ending up at 7.21. Long-Term Debt to Equity for the company is recorded at 7.96, with the Long-Term Debt to Total Capital now at 7.26.
Reflecting on the efficiency of the workforce at the company, Palantir Technologies Inc. [PLTR] managed to generate an average of -$97,370 per employee. Receivables Turnover for the company is 8.48 with a Total Asset Turnover recorded at a value of 0.57.Palantir Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.20 and a Current Ratio set at 5.20.
Insider trade positions for Palantir Technologies Inc. [PLTR]
The top three institutional holders of PLTR stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in PLTR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in PLTR stock with ownership which is approximately 5.7381%.