Palantir Technologies Inc [PLTR] stock is trading at $44.86, up 2.98%. 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 4.40% over the last week, with a monthly amount glided 20.92%, 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 September 23, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Northland Capital started tracking the stock with Market Perform rating on August 22, 2024, and set its price target to $35. On August 06, 2024, Monness Crespi & Hardt reiterated its Sell rating and revised its price target to $18 on the stock. Mizuho downgraded its rating to a Underperform and increased its price target to $22 on July 16, 2024. Monness Crespi & Hardt downgraded its rating to a Sell but $20 remained the price target by the analyst firm on June 21, 2024. Argus started tracking with a Buy rating for this stock on June 17, 2024, and assigned it a price target of $29. In a note dated April 26, 2024, Monness Crespi & Hardt upgraded an Neutral rating on this stock.
Palantir Technologies Inc [PLTR] stock has fluctuated between $14.48 and $44.39 over the past year. Currently, Wall Street analysts expect the stock to reach $22.41 within the next 12 months. Palantir Technologies Inc [NYSE: PLTR] shares were valued at $44.86 at the most recent close of the market. An investor can expect a potential drop of -50.04% 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. 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 43.98 points at the first support level, and at 43.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.40, and for the 2nd resistance point, it is at 45.95.
Ratios To Look Out For
For context, Palantir Technologies Inc’s Current Ratio is 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 40.53, the price to book ratio is 24.79 and price to earnings (TTM) ratio is 264.04.
Transactions by insiders
Recent insider trading involved ALEXANDER C KARP, Director, that happened on Oct 25 ’24 when 1.71 million shares were purchased. Officer, RYAN TAYLOR completed a deal on Oct 25 ’24 to buy 0.12 million shares. Meanwhile, Director Stat Lauren Elaina Friedman sold 7321.0 shares on Oct 11 ’24.
