A share price of Palantir Technologies Inc [PLTR] is currently trading at $24.89, up 1.55%. 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 4.58% over the last week, with a monthly amount glided 5.65%, and seem to be holding up well over a long-time horizon.
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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.
Palantir Technologies Inc experienced fluctuations in its stock price throughout the past year between $7.28 and $27.50. Currently, Wall Street analysts expect the stock to reach $12.21 within the next 12 months. Palantir Technologies Inc [NYSE: PLTR] shares were valued at $24.89 at the most recent close of the market. An investor can expect a potential drop of -50.94% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
Trailing Twelve Months sales for Palantir Technologies Inc [NYSE:PLTR] were 2.23B which represents 19.61% growth. 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 24.42 points at the first support level, and at 23.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.42, and for the 2nd resistance point, it is at 25.94.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Palantir Technologies Inc [NYSE:PLTR] is 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 24.75, the price to book ratio is 15.76 and price to earnings (TTM) ratio is 275.64.
Transactions by insiders
Recent insider trading involved Stat Lauren Elaina Friedman, Director, that happened on Mar 15 ’24 when 6000.0 shares were sold. Director, THIEL PETER completed a deal on Mar 12 ’24 to sell 7.04 million shares. Meanwhile, Planishek Heather A. sold 32828.0 shares on Mar 06 ’24.
