Palantir Technologies Inc [PLTR] stock is trading at $22.83, up 1.38%. 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 8.87% over the last week, with a monthly amount drifted -0.78%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Palantir Technologies Inc [NYSE: PLTR] stock has seen the most recent analyst activity on April 26, 2024, when Monness Crespi & Hardt upgraded its rating to a Neutral. Previously, Monness Crespi & Hardt downgraded its rating to Sell on March 28, 2024, and kept the price target unchanged to $20. On February 14, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $22 on the stock. Jefferies upgraded its rating to a Hold and increased its price target to $22 on February 06, 2024. Citigroup upgraded its rating to a Neutral and raised its price target to $20 on February 06, 2024. Jefferies downgraded its rating to Underperform for this stock on January 05, 2024, and downed its price target to $13. In a note dated September 15, 2023, HSBC Securities initiated an Hold rating and provided a target price of $16 on this stock.
Palantir Technologies Inc [PLTR] stock has fluctuated between $7.28 and $27.50 over the past year. 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 $22.83 at the most recent close of the market. An investor can expect a potential drop of -46.52% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
Palantir Technologies Inc [NYSE:PLTR] reported sales of 2.23B for the trailing twelve months, which represents a growth of 19.61%. 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 22.55 points at the first support level, and at 22.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.10, and for the 2nd resistance point, it is at 23.37.
Ratios To Look Out For
For context, Palantir Technologies Inc’s Current Ratio 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 22.70, the price to book ratio is 14.45 and price to earnings (TTM) ratio is 252.82.
Transactions by insiders
Recent insider trading involved Palantir Technologies Inc., Former 10% Owner, that happened on Apr 24 ’24 when 18621.0 shares were sold. Former 10% Owner, Palantir Technologies Inc. completed a deal on Apr 23 ’24 to sell 18471.0 shares. Meanwhile, Former 10% Owner Palantir Technologies Inc. sold 3200.0 shares on Apr 22 ’24.
