Planet Labs PBC [PL] stock is trading at $5.44, up 14.77%. An important factor to consider is whether the stock is rising or falling in short-term value. The PL shares have gain 42.78% over the last week, with a monthly amount glided 34.65%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Planet Labs PBC [NYSE: PL] stock has seen the most recent analyst activity on January 24, 2025, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $6.30. Previously, Needham reaffirmed its Buy rating on September 06, 2024, and dropped its price target to $5. On December 08, 2023, downgrade downgraded it’s rating to Hold. JMP Securities started tracking the stock assigning a Mkt Outperform rating and suggested a price target of $5.50 on May 02, 2023. Citigroup initiated its recommendation with a Buy and recommended $6 as its price target on April 18, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on January 23, 2023, and assigned it a price target of $6. In a note dated November 07, 2022, Deutsche Bank initiated an Buy rating and provided a target price of $7 on this stock.
Planet Labs PBC [PL] stock has fluctuated between $1.67 and $4.99 over the past year. Currently, Wall Street analysts expect the stock to reach $5.65 within the next 12 months. Planet Labs PBC [NYSE: PL] shares were valued at $5.44 at the most recent close of the market. An investor can expect a potential return of 3.86% based on the average PL price forecast.
Analyzing the PL fundamentals
Planet Labs PBC [NYSE:PL] reported sales of 241.65M for the trailing twelve months, which represents a growth of 10.63%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at -0.54%, Pretax Profit Margin comes in at -0.48%, and Net Profit Margin reading is -0.49%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.24 and Total Capital is -0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
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 4.98 points at the first support level, and at 4.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.72, and for the 2nd resistance point, it is at 6.01.
Ratios To Look Out For
For context, Planet Labs PBC’s Current Ratio is 2.32. On the other hand, the Quick Ratio is 2.32, and the Cash Ratio is 1.13. Considering the valuation of this stock, the price to sales ratio is 6.73, the price to book ratio is 3.47.
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.
