Palantir Technologies Inc [NYSE: PLTR] closed the trading session at $31.78.
The stocks have a year to date performance of 85.09 percent and weekly performance of -0.94 percent. The stock has been moved at 38.35 percent over the last six months. The stock has performed 19.34 percent around the most recent 30 days and changed 53.38 percent over the most recent 3-months.
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If compared to the average trading volume of 46.22M shares, PLTR reached to a volume of 33900473 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 $26.11 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 3.00. 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.
Northland Capital have made an estimate for Palantir Technologies Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on August 22, 2024. While these analysts kept the previous recommendation, Monness Crespi & Hardt dropped their target price from $20 to $18. The new note on the price target was released on August 06, 2024, representing the official price target for Palantir Technologies Inc stock. Previously, the target price had yet another raise from $21 to $22, while Mizuho kept a Underperform rating on PLTR stock.
The Average True Range (ATR) for Palantir Technologies Inc is set at 1.41, with the Price to Sales ratio for PLTR stock in the period of the last 12 months amounting to 28.71. The Price to Book ratio for the last quarter was 17.56, with the Price to Cash per share for the same quarter was set at 1.79. Price to Free Cash Flow for PLTR in the course of the last twelve months was 102.20 with Quick ratio for the last quarter at 5.92.
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 -0.94. With this latest performance, PLTR shares gained by 19.34% in over the last four-week period, additionally plugging by 38.35% over the last 6 months – not to mention a rise of 107.71% 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 64.39, with the RSI for the last a single of trading hit 64.97, and the three-weeks RSI is set at 63.41 for Palantir Technologies Inc [PLTR]. The present Moving Average for the last 50 days of trading for this stock 27.55, while it was recorded at 32.21 for the last single week of trading, and 22.58 for the last 200 days.
Palantir Technologies Inc [PLTR]: An insightful look at the core fundamentals
Palantir Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.92 and a Current Ratio set at 5.92.
Earnings per share (EPS) analysis for Palantir Technologies Inc [PLTR] stock
With the latest financial reports released by the company, Palantir Technologies Inc posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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.
Palantir Technologies Inc [PLTR]: Institutional Ownership
There are presently around $42.48%, or 44.79%% of PLTR stock, in the hands of institutional investors. The top three institutional holders of PLTR stocks are: VANGUARD GROUP INC with ownership of 201.59 million shares, which is approximately 9.1072%. BLACKROCK INC., holding 119.76 million shares of the stock with an approximate value of $$3.03 billion in PLTR stocks shares; and BLACKROCK INC., currently with $$1.06 billion in PLTR stock with ownership which is approximately 1.8981%.
