Palantir Technologies Inc [NYSE: PLTR] traded at a high on Friday, posting a 1.55 gain after which it closed the day’ session at $31.48.
The results of the trading session contributed to over 42181616 shares changing hands. Over the past one week, the price volatility of Palantir Technologies Inc stands at 3.21% while the volatility over the past one month is 4.89%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for PLTR stock reached $70.50 billion, with 2.10 billion shares outstanding and 1.97 billion shares in the current float. Compared to the average trading volume of 46.38M shares, PLTR reached a trading volume of 42181616 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 $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 1.29, with the Price to Sales ratio for PLTR stock in the period of the last 12 months amounting to 28.44. The Price to Book ratio for the last quarter was 17.39, 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 101.23 with Quick ratio for the last quarter at 5.92.
How has PLTR stock performed recently?
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 20.71% in over the last four-week period, additionally plugging by 26.27% over the last 6 months – not to mention a rise of 92.77% 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 60.43, with the RSI for the last a single of trading hit 59.81, and the three-weeks RSI is set at 60.47 for Palantir Technologies Inc [PLTR]. The present Moving Average for the last 50 days of trading for this stock 28.18, while it was recorded at 30.91 for the last single week of trading, and 22.88 for the last 200 days.
Palantir Technologies Inc [PLTR]: Deeper insight into the 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.
Insider trade positions for Palantir Technologies Inc [PLTR]
There are presently around $42.43%, or 44.73%% 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%.
