Palantir Technologies Inc [NASDAQ: PLTR] gained 1.56% or 1.03 points to close at $67.08 with a heavy trading volume of 30104046 shares.
The daily chart for PLTR points out that the company has recorded 209.41% gains over the past six months.
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If we look at the average trading volume of 69.12M shares, PLTR reached to a volume of 30104046 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 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 $39.69 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 3.45. 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.
Jefferies have made an estimate for Palantir Technologies Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 07, 2024. The new note on the price target was released on November 07, 2024, representing the official price target for Palantir Technologies Inc stock.
The Average True Range (ATR) for Palantir Technologies Inc is set at 2.96, with the Price to Sales ratio for PLTR stock in the period of the last 12 months amounting to 58.64. The Price to Book ratio for the last quarter was 33.85, with the Price to Cash per share for the same quarter was set at 1.97. Price to Free Cash Flow for PLTR in the course of the last twelve months was 158.31 with Quick ratio for the last quarter at 5.67.
Trading performance analysis for PLTR stock
Palantir Technologies Inc [PLTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.32. With this latest performance, PLTR shares gained by 53.54% in over the last four-week period, additionally plugging by 209.41% over the last 6 months – not to mention a rise of 238.10% 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 74.27, with the RSI for the last a single of trading hit 74.80, and the three-weeks RSI is set at 74.00 for Palantir Technologies Inc [PLTR]. The present Moving Average for the last 50 days of trading for this stock 48.28, while it was recorded at 65.57 for the last single week of trading, and 31.35 for the last 200 days.
Palantir Technologies Inc [PLTR]: A deeper dive into fundamental analysis
Palantir Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.67 and a Current Ratio set at 5.67.
Palantir Technologies Inc [PLTR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Palantir Technologies Inc posted 0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Palantir Technologies Inc go to 27.54%.
An analysis of Institutional ownership at Palantir Technologies Inc [PLTR]
There are presently around $50.89%, or 53.62%% 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%.
