Palantir Technologies Inc [PLTR] stock prices are up 23.47% to $51.13 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PLTR shares have gain 13.80% over the last week, with a monthly amount glided 31.47%, 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.
The stock price of Palantir Technologies Inc [PLTR] has been fluctuating between $15.66 and $45.14 over the past year. Currently, Wall Street analysts expect the stock to reach $24.34 within the next 12 months. Palantir Technologies Inc [NYSE: PLTR] shares were valued at $51.13 at the most recent close of the market. An investor can expect a potential drop of -52.4% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
The Palantir Technologies Inc [NYSE:PLTR] reported sales of 2.65B for trailing twelve months, representing a surge of 29.98%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.12 and Total Capital is 0.08. 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 48.14 points at the first support level, and at 45.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.85, and for the 2nd resistance point, it is at 54.57.
Ratios To Look Out For
It’s worth pointing out that Palantir Technologies Inc [NYSE:PLTR]’s Current Ratio is 5.67. On the other hand, the Quick Ratio is 5.92, and the Cash Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 43.27, the price to book ratio is 28.25 and price to earnings (TTM) ratio is 256.81.
Transactions by insiders
Recent insider trading involved Moore Alexander D., Director, that happened on Nov 01 ’24 when 20000.0 shares were sold. Director, DAVID STAT completed a deal on Nov 05 ’24 to buy 8054.0 shares. Meanwhile, Director ALEXANDER C KARP bought 3.34 million shares on Nov 05 ’24.
