A share price of Planet Labs PBC [PL] is currently trading at $2.14, down -0.93%. 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 PL shares have gain 5.94% over the last week, with a monthly amount glided 14.44%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Planet Labs PBC [NYSE: PL] stock has seen the most recent analyst activity on December 08, 2023, when Craig Hallum downgraded its rating to a Hold. Previously, JMP Securities started tracking the stock with Mkt Outperform rating on May 02, 2023, and set its price target to $5.50. On April 18, 2023, Citigroup initiated with a Buy rating and assigned a price target of $6 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $6 on January 23, 2023. Deutsche Bank initiated its recommendation with a Buy and recommended $7 as its price target on November 07, 2022. Needham reiterated a Buy rating for this stock on June 15, 2022, and downed its price target to $8. In a note dated January 27, 2022, Needham initiated an Buy rating and provided a target price of $10.50 on this stock.
Planet Labs PBC experienced fluctuations in its stock price throughout the past year between $1.67 and $3.77. Currently, Wall Street analysts expect the stock to reach $4.33 within the next 12 months. Planet Labs PBC [NYSE: PL] shares were valued at $2.14 at the most recent close of the market. An investor can expect a potential return of 102.34% based on the average PL price forecast.
Analyzing the PL fundamentals
Trailing Twelve Months sales for Planet Labs PBC [NYSE:PL] were 228.43M which represents 14.68% growth. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at -0.7%, Pretax Profit Margin comes in at -0.59%, and Net Profit Margin reading is -0.59%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -0.26 and Total Capital is -0.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 2.09 points at the first support level, and at 2.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.22, and for the 2nd resistance point, it is at 2.29.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Planet Labs PBC [NYSE:PL] is 2.72. Further, the Quick Ratio stands at 2.72, while the Cash Ratio is 0.92. Considering the valuation of this stock, the price to sales ratio is 2.72, the price to book ratio is 1.24.
Transactions by insiders
Recent insider trading involved Johnson Ashley F., CFO & COO, that happened on Apr 01 ’24 when 1000.0 shares were sold. CFO & COO, Johnson Ashley F. completed a deal on Mar 01 ’24 to sell 1000.0 shares. Meanwhile, CFO & COO Johnson Ashley F. sold 1000.0 shares on Feb 01 ’24.
