Planet Labs PBC [NYSE: PL] stock went on an upward path that rose over 14.77% on Friday, amounting to a one-week price increase of more than 42.78%.
Over the last 12 months, PL stock rose by 138.60%. The one-year Planet Labs PBC stock forecast points to a potential downside of -14.53. The average equity rating for PL stock is currently 1.36, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.63 billion, with 275.27 million shares outstanding and 200.86 million shares in the current float. Compared to the average trading volume of 4.54M shares, PL stock reached a trading volume of 14411943 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 $4.75 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 1.36. 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.
Cantor Fitzgerald have made an estimate for Planet Labs PBC shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 24, 2025. While these analysts kept the previous recommendation, Needham dropped their target price from $7 to $5. The new note on the price target was released on September 06, 2024, representing the official price target for Planet Labs PBC stock.
The Average True Range (ATR) for Planet Labs PBC is set at 0.38, with the Price to Sales ratio for PL stock in the period of the last 12 months amounting to 6.73. The Price to Book ratio for the last quarter was 3.47, with the Price to Cash per share for the same quarter was set at 0.83.
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 42.78. With this latest performance, PL shares gained by 34.65% in over the last four-week period, additionally plugging by 137.55% over the last 6 months – not to mention a rise of 138.60% 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 71.27, with the RSI for the last a single of trading hit 76.41, and the three-weeks RSI is set at 68.48 for Planet Labs PBC [PL]. The present Moving Average for the last 50 days of trading for this stock 3.89, while it was recorded at 4.62 for the last single week of trading, and 2.56 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 2.32 and a Current Ratio set at 2.32.
Planet Labs PBC [PL] Institutonal Ownership Details
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%.
