Palantir Technologies Inc [PLTR] stock prices are down -1.41% to $30.16 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PLTR shares have lost -0.66% over the last week, with a monthly amount glided 13.43%, 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 22, 2024, when Northland Capital initiated its Market Perform rating and assigned the stock a price target of $35. Previously, Monness Crespi & Hardt reaffirmed its Sell rating on August 06, 2024, and dropped its price target to $18. On July 16, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $22 on the stock. Monness Crespi & Hardt downgraded its rating to a Sell but stick to its price target of $20 on June 21, 2024. Argus initiated its recommendation with a Buy and recommended $29 as its price target on June 17, 2024. Monness Crespi & Hardt upgraded its rating to Neutral for this stock on April 26, 2024. In a note dated March 28, 2024, Monness Crespi & Hardt downgraded an Sell rating on this stock but restated the target price of $20.
The stock price of Palantir Technologies Inc [PLTR] has been fluctuating between $13.68 and $33.12 over the past year. Currently, Wall Street analysts expect the stock to reach $20.72 within the next 12 months. Palantir Technologies Inc [NYSE: PLTR] shares were valued at $30.16 at the most recent close of the market. An investor can expect a potential drop of -31.3% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
The Palantir Technologies Inc [NYSE:PLTR] reported sales of 2.48B for trailing twelve months, representing a surge 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. 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 29.87 points at the first support level, and at 29.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.60, and for the 2nd resistance point, it is at 31.03.
Ratios To Look Out For
It’s worth pointing out that Palantir Technologies Inc [NYSE:PLTR]’s Current Ratio is 5.92. As well, the Quick Ratio is 5.92, while the Cash Ratio is 0.64. Considering the valuation of this stock, the price to sales ratio is 27.25, the price to book ratio is 16.66 and price to earnings (TTM) ratio is 177.52.
Transactions by insiders
Recent insider trading involved Moore Alexander D., Director, that happened on Sep 03 ’24 when 20000.0 shares were sold. 10% Owner, Palantir Technologies Inc. completed a deal on Sep 03 ’24 to sell 0.16 million shares. Meanwhile, 10% Owner Palantir Technologies Inc. sold 0.14 million shares on Aug 30 ’24.
