Palantir Technologies Inc. (NYSE: PLTR): Can A Stock Be Up 14.99% YTD, And Still Be A Loser – Marketing Sentinel
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Palantir Technologies Inc. (NYSE: PLTR): Can A Stock Be Up 14.99% YTD, And Still Be A Loser

Palantir Technologies Inc. (NYSE:PLTR)’s traded shares stood at 49.13 million during the last session. At the close of trading, the stock’s price was $27.08, to imply an increase of 3.12% or $0.82 in intraday trading. The PLTR share’s 52-week high remains $45.00, putting it -66.17% down since that peak but still an impressive 67.13% since price per share fell to its 52-week low of $8.90. The company has a valuation of $52.56B, with an average of 39.76 million shares in intraday trading volume over the past 10 days and average of 42.16 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Underweight for Palantir Technologies Inc. (PLTR), translating to a mean rating of 3.30. Of 8 analyst(s) looking at the stock, 3 analyst(s) give PLTR a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.04.

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Palantir Technologies Inc. (NYSE:PLTR) trade information

After registering a 3.12% upside in the last session, Palantir Technologies Inc. (PLTR) has traded red over the past five days. The stock hit a weekly high of 27.15 this Wednesday, 09/15/21, jumping 3.12% in its intraday price action. The 5-day price performance for the stock is 5.86%, and 10.53% over 30 days. With these gigs, the year-to-date price performance is 14.99%. Short interest in Palantir Technologies Inc. (NYSE:PLTR) saw shorts transact 68.64 million shares and set a 1.03 days time to cover.

Analysts on Wall Street suggest a consensus price target of $24.38, implying a decrease of -11.07% to the stock’s current value. The extremes give us $18.00 and $31.00 for target low and target high price respectively. As such, PLTR has been trading -14.48% off suggested target high and 33.53% from its likely low.

Palantir Technologies Inc. (PLTR) estimates and forecasts

Looking at statistics comparing Palantir Technologies Inc. share performance against respective industry, we note that the company has underperformed competitors. Palantir Technologies Inc. (PLTR) shares are 7.42% up over the last 6 months, with its year-to-date growth rate lower than industry average at -15.79% against 9.40%. Revenue is forecast to shrink -55.60% this quarter before falling -33.30% for the next one. The rating firms project that company’s revenue will grow 38.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is $385.02 million. Meanwhile, for the quarter ending Dec 2021, a total of 4 analyst(s) estimate revenue growth to $402.61 million.Earnings reports from the last fiscal year show that sales brought in $289.37 million and $322.09 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 33.10% before jumping 25.00% in the following quarter.

PLTR Dividends

Palantir Technologies Inc. has its next earnings report out on May 11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Palantir Technologies Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Palantir Technologies Inc. (NYSE:PLTR)’s Major holders

Palantir Technologies Inc. insiders hold 13.21% of total outstanding shares, with institutional holders owning 17.17% of the shares at 19.78% float percentage. In total, 17.17% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Mar 30, 2021, the company held over 25.3 million shares (or 1.40% of shares), all amounting to roughly $589.3 million.

The next major institution holding the largest number of shares is Founders Fund Ill Management, LLC with 22.12 million shares, or about 1.23% of shares outstanding. As of the market price on Mar 30, 2021, these shares were worth $515.2 million.

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We also have ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Palantir Technologies Inc. (PLTR) shares. Going by data provided on May 30, 2021, ARK ETF Tr-ARK Innovation ETF holds roughly 22.46 million shares. This is just over 1.24% of the total shares, with a market valuation of $515.5 million. Data from the same date shows that the other fund manager holds a little less at 9.89 million, or 0.55% of the shares, all valued at about 230.25 million.

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