Planet Labs PBC [NYSE: PL] gained 14.07% or 0.37 points to close at $3.00 with a heavy trading volume of 7910004 shares.
The daily chart for PL points out that the company has recorded 44.23% gains over the past six months.
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If we look at the average trading volume of 2.45M shares, PL reached to a volume of 7910004 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $4.02 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.
Needham have made an estimate for Planet Labs PBC shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 06, 2024. The new note on the price target was released on December 08, 2023, representing the official price target for Planet Labs PBC stock. Previously, the target price had yet another raise to $5.50, while JMP Securities analysts kept a Mkt Outperform rating on PL stock.
The Average True Range (ATR) for Planet Labs PBC is set at 0.15, with the Price to Sales ratio for PL stock in the period of the last 12 months amounting to 3.73. The Price to Book ratio for the last quarter was 1.86, with the Price to Cash per share for the same quarter was set at 0.88.
Trading performance analysis for PL stock
Planet Labs PBC [PL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.46. With this latest performance, PL shares gained by 33.33% in over the last four-week period, additionally plugging by 44.23% over the last 6 months – not to mention a rise of 33.93% 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 77.61, with the RSI for the last a single of trading hit 84.52, and the three-weeks RSI is set at 71.46 for Planet Labs PBC [PL]. The present Moving Average for the last 50 days of trading for this stock 2.25, while it was recorded at 2.66 for the last single week of trading, and 2.15 for the last 200 days.
Planet Labs PBC [PL]: A deeper dive into fundamental analysis
Planet Labs PBC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.32 and a Current Ratio set at 2.32.
Planet Labs PBC [PL]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Planet Labs PBC posted -0.05/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 0.03. 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%.
An analysis of Institutional ownership at Planet Labs PBC [PL]
There are presently around $52.72%, or 54.22%% 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%.
