At the time of writing, Palantir Technologies Inc [PLTR] stock is trading at $30.01, up 2.49%. 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 21.30% over the last week, with a monthly amount glided 8.57%, 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 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.
For the past year, the stock price of Palantir Technologies Inc fluctuated between $13.68 and $29.83. Currently, Wall Street analysts expect the stock to reach $19.77 within the next 12 months. Palantir Technologies Inc [NYSE: PLTR] shares were valued at $30.01 at the most recent close of the market. An investor can expect a potential drop of -34.12% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
According to Palantir Technologies Inc [NYSE:PLTR], the company’s sales were 2.48B for trailing twelve months, which represents an 27.15% jump. 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. 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 29.29 points at the first support level, and at 28.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.55, and for the 2nd resistance point, it is at 31.08.
Ratios To Look Out For
It is important to note that Palantir Technologies Inc [NYSE:PLTR] has a current ratio of 5.92. Also, the Quick Ratio is 5.92, while the Cash Ratio stands at 0.64. Considering the valuation of this stock, the price to sales ratio is 27.11, the price to book ratio is 16.58 and price to earnings (TTM) ratio is 176.63.
Transactions by insiders
Recent insider trading involved RYAN TAYLOR, Officer, that happened on Aug 09 ’24 when 0.25 million shares were purchased. 10% Owner, Palantir Technologies Inc. completed a deal on Aug 07 ’24 to sell 20000.0 shares. Meanwhile, 10% Owner Palantir Technologies Inc. sold 17332.0 shares on Aug 06 ’24.
