At the time of writing, Planet Labs PBC [PL] stock is trading at $2.53, up 2.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The PL shares have gain 14.48% over the last week, with a monthly amount glided 18.22%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Planet Labs PBC [NYSE: PL] stock has seen the most recent analyst activity on September 06, 2024, when Needham reiterated its Buy rating and also revised its price target to $5 from $7. Previously, Craig Hallum downgraded its rating to Hold on December 08, 2023. On May 02, 2023, JMP Securities initiated with a Mkt Outperform rating and assigned a price target of $5.50 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $6 on April 18, 2023. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $6 as its price target on January 23, 2023. Deutsche Bank started tracking with a Buy rating for this stock on November 07, 2022, and assigned it a price target of $7. In a note dated June 15, 2022, Needham reiterated an Buy rating on this stock and revised its target price from $10.50 to $8.
For the past year, the stock price of Planet Labs PBC fluctuated between $1.67 and $2.89. Currently, Wall Street analysts expect the stock to reach $3.67 within the next 12 months. Planet Labs PBC [NYSE: PL] shares were valued at $2.53 at the most recent close of the market. An investor can expect a potential return of 45.06% based on the average PL price forecast.
Analyzing the PL fundamentals
According to Planet Labs PBC [NYSE:PL], the company’s sales were 235.76M for trailing twelve months, which represents an 13.64% jump. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at -0.61%, Pretax Profit Margin comes in at -0.57%, and Net Profit Margin reading is -0.58%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -0.27 and Total Capital is -0.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 2.43 points at the first support level, and at 2.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.60, and for the 2nd resistance point, it is at 2.67.
Ratios To Look Out For
It is important to note that Planet Labs PBC [NYSE:PL] has a current ratio of 2.32. On the other hand, the Quick Ratio is 2.32, and the Cash Ratio is 1.12. Considering the valuation of this stock, the price to sales ratio is 3.15, the price to book ratio is 1.57.
Transactions by insiders
Recent insider trading involved Johnson Ashley F., CFO & COO, that happened on Apr 01 ’24 when 1000.0 shares were sold. CFO & COO, Johnson Ashley F. completed a deal on Mar 01 ’24 to sell 1000.0 shares. Meanwhile, CFO & COO Johnson Ashley F. sold 1000.0 shares on Feb 01 ’24.
