Planet Labs PBC [NYSE: PL] stock went on an upward path that rose over 9.56% on Thursday, amounting to a one-week price increase of more than 7.42%.
Over the last 12 months, PL stock dropped by -16.16%. The one-year Planet Labs PBC stock forecast points to a potential upside of 34.99. The average equity rating for PL stock is currently 1.44, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $799.62 million, with 268.12 million shares outstanding and 192.12 million shares in the current float. Compared to the average trading volume of 2.06M shares, PL stock reached a trading volume of 2859474 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Planet Labs PBC [PL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PL shares is $4.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PL stock is a recommendation set at 1.44. 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.
Craig Hallum have made an estimate for Planet Labs PBC shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 08, 2023. While these analysts kept the previous recommendation, JMP Securities raised their target price to Mkt Outperform. The new note on the price target was released on May 02, 2023, representing the official price target for Planet Labs PBC stock. Previously, the target price had yet another raise to $6, while Citigroup analysts kept a Buy rating on PL stock.
The Average True Range (ATR) for Planet Labs PBC is set at 0.18, with the Price to Sales ratio for PL stock in the period of the last 12 months amounting to 3.50. The Price to Book ratio for the last quarter was 1.60, with the Price to Cash per share for the same quarter was set at 0.98.
PL Stock Performance Analysis:
Planet Labs PBC [PL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.42. With this latest performance, PL shares gained by 8.27% in over the last four-week period, additionally plugging by 25.57% over the last 6 months – not to mention a drop of -16.16% 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 PL stock in for the last two-week period is set at 60.70, with the RSI for the last a single of trading hit 61.46, and the three-weeks RSI is set at 59.92 for Planet Labs PBC [PL]. The present Moving Average for the last 50 days of trading for this stock 2.20, while it was recorded at 2.67 for the last single week of trading, and 2.18 for the last 200 days.
Insight into Planet Labs PBC Fundamentals:
Planet Labs PBC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.72 and a Current Ratio set at 2.72.
PL Stock EPS
With the latest financial reports released by the company, Planet Labs PBC posted -0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/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 PL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Planet Labs PBC go to 25.00%.
Planet Labs PBC [PL] Institutonal Ownership Details
There are presently around $52.17%, or 53.71%% of PL stock, in the hands of institutional investors. The top three institutional holders of PL stocks are: ALPHABET INC. with ownership of 31.94 million shares, which is approximately 11.0809%. VANGUARD GROUP INC, holding 14.71 million shares of the stock with an approximate value of $$27.36 million in PL stocks shares; and VANGUARD GROUP INC, currently with $$23.38 million in PL stock with ownership which is approximately 4.3604%.
