A share price of Palantir Technologies Inc [PLTR] is currently trading at $75.75, down -0.42%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PLTR shares have gain 4.54% over the last week, with a monthly amount glided 28.00%, 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 December 12, 2024, when Robert W. Baird initiated its Neutral rating and assigned the stock a price target of $70. Previously, Jefferies downgraded its rating to Underperform on November 07, 2024, and kept the price target unchanged to $28. On November 07, 2024, downgrade downgraded it’s rating to Hold. Raymond James downgraded its rating to a Mkt Perform. Northland Capital initiated its recommendation with a Market Perform and recommended $35 as its price target on August 22, 2024. Monness Crespi & Hardt reiterated a Sell rating for this stock on August 06, 2024, and downed its price target to $18. In a note dated July 16, 2024, Mizuho downgraded an Underperform rating on this stock and boosted its target price from $21 to $22.
Palantir Technologies Inc experienced fluctuations in its stock price throughout the past year between $15.66 and $80.91. 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 $75.75 at the most recent close of the market. An investor can expect a potential drop of -46.81% based on the average PLTR price forecast.
Analyzing the PLTR fundamentals
Trailing Twelve Months sales for Palantir Technologies Inc [NASDAQ:PLTR] were 2.65B which represents 29.98% growth. 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 72.00 points at the first support level, and at 68.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.66, and for the 2nd resistance point, it is at 81.57.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Palantir Technologies Inc [NASDAQ:PLTR] is 5.67. Further, the Quick Ratio stands at 5.67, while the Cash Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 67.76, the price to book ratio is 38.22 and price to earnings (TTM) ratio is 383.54.
Transactions by insiders
Recent insider trading involved Glazer David A., that happened on Dec 12 ’24 when 0.32 million shares were sold., Cohen Stephen Andrew completed a deal on Dec 12 ’24 to sell 0.45 million shares. Meanwhile, Cohen Stephen Andrew sold 0.45 million shares on Dec 11 ’24.
