Planet Labs PBC [NYSE: PL] jumped around 0.85 points on Tuesday, while shares priced at $4.67 at the close of the session, up 22.25%.
Compared to the average trading volume of 4.21M shares, PL reached a trading volume of 9542697 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $4.60 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 1.40. 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 0.34, with the Price to Sales ratio for PL stock in the period of the last 12 months amounting to 5.78. The Price to Book ratio for the last quarter was 2.98, with the Price to Cash per share for the same quarter was set at 0.83.
How has PL stock performed recently?
Planet Labs PBC [PL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 30.81. With this latest performance, PL shares gained by 11.19% in over the last four-week period, additionally plugging by 118.22% over the last 6 months – not to mention a rise of 125.60% 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 64.72, with the RSI for the last a single of trading hit 69.74, and the three-weeks RSI is set at 62.85 for Planet Labs PBC [PL]. The present Moving Average for the last 50 days of trading for this stock 3.75, while it was recorded at 3.97 for the last single week of trading, and 2.51 for the last 200 days.
Planet Labs PBC [PL]: Deeper insight into the fundamentals
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.
Insider trade positions for Planet Labs PBC [PL]
There are presently around $54.50%, or 56.03%% 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%.
