Palantir Technologies Inc [PLTR] stock is trading at $28.64, up 1.49%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PLTR shares have gain 3.62% over the last week, with a monthly amount glided 14.47%, 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 July 16, 2024, when Mizuho downgraded its rating to a Underperform and also boosted its price target to $22 from $21. Previously, Monness Crespi & Hardt downgraded its rating to Sell on June 21, 2024, and kept the price target unchanged to $20. On June 17, 2024, Argus initiated with a Buy rating and assigned a price target of $29 on the stock. Monness Crespi & Hardt upgraded its rating to a Neutral. Monness Crespi & Hardt downgraded its rating to a Sell but $20 remained the price target by the analyst firm on March 28, 2024. HSBC Securities downgraded its rating to Hold for this stock on February 14, 2024, but kept the price target unchanged to $22. In a note dated February 06, 2024, Jefferies upgraded an Hold rating on this stock and boosted its target price from $13 to $22.
Palantir Technologies Inc [PLTR] stock has fluctuated between $13.68 and $29.30 over the past year. Currently, Wall Street analysts expect the stock to reach $17.17 within the next 12 months. Palantir Technologies Inc [NYSE: PLTR] shares were valued at $28.64 at the most recent close of the market. An investor can expect a potential drop of -40.05% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
Palantir Technologies Inc [NYSE:PLTR] reported sales of 2.33B for the trailing twelve months, which represents a growth of 20.78%. 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 27.92 points at the first support level, and at 27.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.60, and for the 2nd resistance point, it is at 30.55.
Ratios To Look Out For
For context, Palantir Technologies Inc’s Current Ratio is 5.91. Also, the Quick Ratio is 5.91, while the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 27.32, the price to book ratio is 16.89 and price to earnings (TTM) ratio is 226.05.
Transactions by insiders
Recent insider trading involved Palantir Technologies Inc., 10% Owner, that happened on Jul 16 ’24 when 38672.0 shares were sold. Director, Stat Lauren Elaina Friedman completed a deal on Jul 15 ’24 to sell 5500.0 shares. Meanwhile, Director Stat Lauren Elaina Friedman sold 2000.0 shares on Jul 15 ’24.
