At the time of writing, Palantir Technologies Inc [PLTR] stock is trading at $25.35, down -2.65%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PLTR shares have gain 5.45% over the last week, with a monthly amount glided 3.43%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, Army Selects Palantir to Deliver TITAN Next Generation Deep-Sensing Capability in Prototype Maturation Phase. In a post published today on Yahoo Finance, Palantir Technologies Inc. (NYSE: PLTR) today announced that the Army Contracting Command – Aberdeen Proving Ground (ACC-APG) has awarded Palantir USG, Inc. — a wholly-owned subsidiary of Palantir Technologies Inc. — a prime agreement for the development and delivery of the Tactical Intelligence Targeting Access Node (TITAN) ground station system, the Army’s next-generation deep-sensing capability enabled by artificial intelligence and machine learning (AI/ML). The agreement, valued at $178.4 million, covers the development of 10 TITAN prototypes, including five Advanced and five Basic variants, as well as the integration of new critical technologies and the transition to fielding.
From an analyst’s perspective:
Palantir Technologies Inc [NYSE: PLTR] stock has seen the most recent analyst activity on February 14, 2024, when HSBC Securities downgraded its rating to a Hold but kept the price target unchanged to $22 for it. Previously, Jefferies upgraded its rating to Hold on February 06, 2024, and elevated its price target to $22. On February 06, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $20 on the stock. Jefferies downgraded its rating to a Underperform and decreased its price target to $13 on January 05, 2024. HSBC Securities initiated its recommendation with a Hold and recommended $16 as its price target on September 15, 2023. Morgan Stanley downgraded its rating to Underweight for this stock on August 31, 2023, and upped its price target to $9. In a note dated July 28, 2023, Wedbush initiated an Outperform rating and provided a target price of $25 on this stock.
For the past year, the stock price of Palantir Technologies Inc fluctuated between $7.19 and $27.50. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Palantir Technologies Inc [NYSE: PLTR] shares were valued at $25.35 at the most recent close of the market. An investor can expect a potential drop of -56.61% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
According to Palantir Technologies Inc [NYSE:PLTR], the company’s sales were 2.23B for trailing twelve months, which represents an 19.61% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.07 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 24.82 points at the first support level, and at 24.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.36, and for the 2nd resistance point, it is at 27.36.
Palantir Technologies Inc [PLTR] reported earnings per share of $0.08 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of $0.01 and a surprise factor of 14.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.07 per share as compared to estimates of $0.06 per share, a difference of $0.01 representing a surprise of 16.70%.
Ratios To Look Out For
It is important to note that Palantir Technologies Inc [NYSE:PLTR] has a current ratio of 5.55. Further, the Quick Ratio stands at 5.55, while the Cash Ratio is 1.11. Considering the valuation of this stock, the price to sales ratio is 25.21, the price to book ratio is 16.05 and price to earnings (TTM) ratio is 280.73.
Transactions by insiders
Recent insider trading involved Planishek Heather A.,, that happened on Mar 06 ’24 when 32828.0 shares were sold. Director, Moore Alexander D. completed a deal on Mar 01 ’24 to sell 20000.0 shares. Meanwhile, Director Schiff Alexandra W. sold 5000.0 shares on Mar 01 ’24.
