At the time of writing, Palantir Technologies Inc [PLTR] stock is trading at $22.84, up 1.87%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PLTR shares have gain 1.60% over the last week, with a monthly amount drifted -7.53%, and not 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 March 28, 2024, when Monness Crespi & Hardt downgraded its rating to a Sell but kept the price target unchanged to $20 for it. Previously, HSBC Securities downgraded its rating to Hold on February 14, 2024, and kept the price target unchanged to $22. On February 06, 2024, upgrade upgraded it’s rating to Hold and revised its price target to $22 on the stock. Citigroup upgraded its rating to a Neutral and increased its price target to $20 on February 06, 2024. Jefferies downgraded its rating to a Underperform and reduced its price target to $13 on January 05, 2024. HSBC Securities started tracking with a Hold rating for this stock on September 15, 2023, and assigned it a price target of $16. In a note dated August 31, 2023, Morgan Stanley downgraded an Underweight rating on this stock and boosted its target price from $8 to $9.
For the past year, the stock price of Palantir Technologies Inc fluctuated 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 $22.84 at the most recent close of the market. An investor can expect a potential drop of -46.54% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.07.
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 22.42 points at the first support level, and at 22.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.08, and for the 2nd resistance point, it is at 23.33.
Ratios To Look Out For
It is important to note that Palantir Technologies Inc [NYSE:PLTR] has a current ratio of 5.55. In addition, the Quick Ratio stands at 5.55 and the Cash Ratio stands at 1.11. Considering the valuation of this stock, the price to sales ratio is 22.71, the price to book ratio is 14.46 and price to earnings (TTM) ratio is 252.93.
Transactions by insiders
Recent insider trading involved Moore Alexander D., Director, that happened on Apr 01 ’24 when 20000.0 shares were sold. Director, Schiff Alexandra W. completed a deal on Apr 01 ’24 to sell 5000.0 shares. Meanwhile, Director Stat Lauren Elaina Friedman sold 6000.0 shares on Mar 15 ’24.
