At the time of writing, Palantir Technologies Inc [PLTR] stock is trading at $65.77, up 11.14%. An important factor to consider is whether the stock is rising or falling in short-term value. The PLTR shares have gain 12.64% over the last week, with a monthly amount glided 56.60%, 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 November 07, 2024, when Jefferies downgraded its rating to a Underperform but kept the price target unchanged to $28 for it. Previously, Argus downgraded its rating to Hold on November 07, 2024. On September 23, 2024, downgrade downgraded it’s rating to Mkt Perform. Northland Capital started tracking the stock assigning a Market Perform rating and suggested a price target of $35 on August 22, 2024. Monness Crespi & Hardt reiterated its recommendation of a Sell and reduced its price target to $18 on August 06, 2024. Mizuho downgraded its rating to Underperform for this stock on July 16, 2024, and upped its price target to $22. In a note dated June 21, 2024, Monness Crespi & Hardt downgraded an Sell rating on this stock but restated the target price of $20.
For the past year, the stock price of Palantir Technologies Inc fluctuated between $15.66 and $63.39. 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 $65.77 at the most recent close of the market. An investor can expect a potential drop of -62.99% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
According to Palantir Technologies Inc [NYSE:PLTR], the company’s sales were 2.65B for trailing twelve months, which represents an 29.98% jump. 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 0.01.
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 62.45 points at the first support level, and at 59.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.54, and for the 2nd resistance point, it is at 69.32.
Ratios To Look Out For
It is important to note that Palantir Technologies Inc [NYSE:PLTR] has a current ratio of 5.67. On the other hand, the Quick Ratio is 5.67, and the Cash Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 62.92, the price to book ratio is 33.19 and price to earnings (TTM) ratio is 333.01.
Transactions by insiders
Recent insider trading involved Karp Alexander C., that happened on Nov 15 ’24 when 4.5 million shares were sold., Karp Alexander C. completed a deal on Nov 13 ’24 to sell 1.82 million shares. Meanwhile, Director ALEXANDER C KARP bought 4.5 million shares on Nov 15 ’24.
