Palantir Technologies Inc [PLTR] stock is trading at $26.59, up 10.38%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PLTR shares have gain 0.83% over the last week, with a monthly amount drifted -4.01%, 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 August 06, 2024, when Monness Crespi & Hardt reiterated its Sell rating and also revised its price target to $18 from $20. Previously, Mizuho downgraded its rating to Underperform on July 16, 2024, and elevated its price target to $22. On June 21, 2024, downgrade downgraded it’s rating to Sell but maintained its price target of $20 on the stock. Argus started tracking the stock assigning a Buy rating and suggested a price target of $29 on June 17, 2024. Monness Crespi & Hardt upgraded its rating to a Neutral. Monness Crespi & Hardt downgraded its rating to Sell for this stock on March 28, 2024, but kept the price target unchanged to $20. In a note dated February 14, 2024, HSBC Securities downgraded an Hold rating on this stock but restated the target price of $22.
Palantir Technologies Inc [PLTR] stock has fluctuated between $13.68 and $29.83 over the past year. Currently, Wall Street analysts expect the stock to reach $18.1 within the next 12 months. Palantir Technologies Inc [NYSE: PLTR] shares were valued at $26.59 at the most recent close of the market. An investor can expect a potential drop of -31.93% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
Palantir Technologies Inc [NYSE:PLTR] reported sales of 2.48B for the trailing twelve months, which represents a growth of 27.15%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.11 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
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 25.63 points at the first support level, and at 24.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.48, and for the 2nd resistance point, it is at 28.38.
Ratios To Look Out For
For context, Palantir Technologies Inc’s Current Ratio is 5.92. As well, the Quick Ratio is 5.91, while the Cash Ratio is 0.64. Considering the valuation of this stock, the price to sales ratio is 23.89, the price to book ratio is 15.69 and price to earnings (TTM) ratio is 152.55.
Transactions by insiders
Recent insider trading involved Palantir Technologies Inc., 10% Owner, that happened on Aug 02 ’24 when 10066.0 shares were sold. Director, LAUREN STAT completed a deal on Aug 01 ’24 to buy 3050.0 shares. Meanwhile, Director Moore Alexander D. sold 20000.0 shares on Aug 01 ’24.
