At the time of writing, Palantir Technologies Inc [PLTR] stock is trading at $76.34, up 6.22%. 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 13.80% over the last week, with a monthly amount glided 37.48%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Palantir Technologies Inc [NASDAQ: 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 $72.98. Currently, Wall Street analysts expect the stock to reach $40.29 within the next 12 months. Palantir Technologies Inc [NASDAQ: PLTR] shares were valued at $76.34 at the most recent close of the market. An investor can expect a potential drop of -47.22% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
According to Palantir Technologies Inc [NASDAQ: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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 73.47 points at the first support level, and at 70.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.01, and for the 2nd resistance point, it is at 79.69.
Ratios To Look Out For
It is important to note that Palantir Technologies Inc [NASDAQ:PLTR] has a current ratio of 5.67. Also, the Quick Ratio is 5.67, while the Cash Ratio stands at 0.81. Considering the valuation of this stock, the price to sales ratio is 69.80, the price to book ratio is 38.52 and price to earnings (TTM) ratio is 386.53.
Transactions by insiders
Recent insider trading involved Planishek Heather A., that happened on Dec 04 ’24 when 13891.0 shares were sold. Director, DAVID STAT completed a deal on Dec 06 ’24 to buy 10721.0 shares. Meanwhile, Director Moore Alexander D. sold 20000.0 shares on Dec 02 ’24.
