At the time of writing, Palantir Technologies Inc [PLTR] stock is trading at $27.23, up 5.34%. 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 7.97% over the last week, with a monthly amount glided 23.21%, 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 June 21, 2024, when Monness Crespi & Hardt downgraded its rating to a Sell but kept the price target unchanged to $20 for it. Previously, Argus started tracking the stock with Buy rating on June 17, 2024, and set its price target to $29. On April 26, 2024, upgrade upgraded it’s rating to Neutral. Monness Crespi & Hardt downgraded its rating to a Sell but stick to its price target of $20 on March 28, 2024. HSBC Securities downgraded its rating to a Hold but $22 remained the price target by the analyst firm on February 14, 2024. Jefferies upgraded its rating to Hold for this stock on February 06, 2024, and upped its price target to $22. In a note dated February 06, 2024, Citigroup upgraded an Neutral rating on this stock and boosted its target price from $10 to $20.
For the past year, the stock price of Palantir Technologies Inc fluctuated between $13.68 and $27.50. Currently, Wall Street analysts expect the stock to reach $16.17 within the next 12 months. Palantir Technologies Inc [NYSE: PLTR] shares were valued at $27.23 at the most recent close of the market. An investor can expect a potential drop of -40.62% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
According to Palantir Technologies Inc [NYSE:PLTR], the company’s sales were 2.33B for trailing twelve months, which represents an 20.78% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.09 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 26.39 points at the first support level, and at 25.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.66, and for the 2nd resistance point, it is at 28.09.
Ratios To Look Out For
It is important to note that Palantir Technologies Inc [NYSE:PLTR] has a current ratio of 5.91. In addition, the Quick Ratio stands at 5.91 and the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 25.98, the price to book ratio is 16.06 and price to earnings (TTM) ratio is 214.92.
Transactions by insiders
Recent insider trading involved Woersching Eric H., Director, that happened on Jun 18 ’24 when 3000.0 shares were sold. Director, Stat Lauren Elaina Friedman completed a deal on Jun 17 ’24 to sell 6000.0 shares. Meanwhile, Director Stat Lauren Elaina Friedman sold 3050.0 shares on Jun 17 ’24.
