How have Palantir Technologies Inc. (PLTR)’s performance and profitability changed over the time?

Palantir Technologies Inc. [PLTR] stock prices are up 5.13% to $7.38 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PLTR shares have gain 6.03% over the last week, with a monthly amount glided 16.96%, and seem to be holding up well over a long-time horizon.

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On 19, January 2023, Cleveland Clinic and Palantir Technologies Partner to Improve Hospital Performance Through Virtual Command Center. In a post published today on Yahoo Finance, Palantir Technologies Inc. (NYSE: PLTR) (“Palantir”), a leading builder of operating systems for the modern enterprise, and Cleveland Clinic today announced a multi-year partnership to deliver an operations “Virtual Command Center” for Cleveland Clinic. The Virtual Command Center brings an innovative approach to driving operational excellence and improving patient access by enabling data-driven decision making and resource allocation on hospital frontlines.

From an analyst’s perspective:

Palantir Technologies Inc. [NYSE: PLTR] stock has seen the most recent analyst activity on January 19, 2023, when Mizuho initiated its Neutral rating and assigned the stock a price target of $7. Previously, Mizuho started tracking the stock with Neutral rating on January 18, 2023, and set its price target to $7. On January 05, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $7.50 on the stock. Wolfe Research downgraded its rating to a Underperform but stick to its price target of $4.50 on December 21, 2022. Deutsche Bank downgraded its rating to a Sell and reduced its price target to $8 on August 09, 2022. Monness Crespi & Hardt downgraded its rating to Neutral for this stock on July 22, 2022. In a note dated July 21, 2022, Raymond James initiated an Strong Buy rating and iterated a target price of $20 on this stock.

The stock price of Palantir Technologies Inc. [PLTR] has been fluctuating between $5.92 and $14.86 over the past year. Currently, Wall Street analysts expect the stock to reach $8.43 within the next 12 months. Palantir Technologies Inc. [NYSE: PLTR] shares were valued at $7.38 at the most recent close of the market. An investor can expect a potential return of 14.23% based on the average PLTR price forecast.

Analyzing the PLTR fundamentals

The most recent quarter, Palantir Technologies Inc. [NYSE:PLTR] reported sales of 477.88 billion, representing a surge of 21.90%. Gross Margin for this corporation currently stands at +77.99% with Operating Margin at -26.66%, Pretax Margin comes in at -31.68%, and Net Margin reading is -33.75%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.11 points at the first support level, and at 6.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.53, and for the 2nd resistance point, it is at 7.68.

Palantir Technologies Inc. [PLTR] reported earnings per share of -$0.01 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of -$0.04 and a surprise factor of -133.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.02 per share as compared to estimates of $0.04 per share, a difference of -$0.02 representing a surprise of -50.00%.

Ratios To Look Out For

It’s worth pointing out that Palantir Technologies Inc. [NYSE:PLTR]’s Current Ratio is 4.30. On the other hand, the Quick Ratio is 4.34, and the Cash Ratio is 3.88. Considering the valuation of this stock, the price to sales ratio is 22.72, the price to book ratio is 16.92.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 8 insider purchases totaling 2,155,328 shares and 19 insider sales totaling 2,512,738 shares over the past 3 months. Recent insider trading involved Stat Lauren Elaina Friedman, Director, that happened on Jan 03 when 7000.0 shares were sold., Karp Alexander C. completed a deal on Dec 07 to sell 0.81 million shares. Meanwhile, Karp Alexander C. sold 0.81 million shares on Dec 06.