Palantir Technologies Inc. (NYSE: PLTR): A Disaster In The Making Or A Gold Mine? – Marketing Sentinel
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Palantir Technologies Inc. (NYSE: PLTR): A Disaster In The Making Or A Gold Mine?

In today’s recent session, 8.71 million shares of the Palantir Technologies Inc. (NYSE:PLTR) were traded. Most recently the company’s share price was $9.11, and it changed around $0.4 or 4.59% from the last close, which brings the market valuation of the company to $16.58B. PLTR at last check was trading at a discount to its 52-week high of $29.29, offering almost -221.51% off that amount. The share price’s 52-week low was $6.44, which indicates that the recent value has risen by an impressive 29.31% since then. We note from Palantir Technologies Inc.’s average daily trading volume that its 10-day average is 35.87 million shares, with the 3-month average coming to 40.36 million.

Palantir Technologies Inc. stock received a consensus recommendation rating of a Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 3 out of 14 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 6 recommended PLTR as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Palantir Technologies Inc. is expected to report earnings per share of $0.03 for the current quarter.

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Palantir Technologies Inc. (NYSE:PLTR) trade information

Instantly PLTR has been showing a green trend so far today with a performance of 4.59% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.05 on Tuesday, 06/21/22 decreased the stock’s daily price by -0.66%. The company’s shares are currently down -52.17% year-to-date, but still up 14.01% over the last five days. On the other hand, Palantir Technologies Inc. (NYSE:PLTR) is 4.81% up in the 30-day period. We can see from the shorts that 107.05 million shares have been sold at a short interest cover period of 1.99 day(s).

The consensus price target as assigned by Wall Street analysts is $10.95, which translates to bulls needing to increase their stock price by 16.8% from its current value. Analyst projections state that PLTR is forecast to be at a low of $6.00 and a high of $16.00. In order for the stock price to hit the forecast high, the stock would need to plunge -75.63% from its current level, while the stock would need to crash 34.14% from its current level to reach the projected low.

Palantir Technologies Inc. (PLTR) estimates and forecasts

Palantir Technologies Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -54.30 percent over the past six months and at a 23.08% annual growth rate that is well above the industry average of 14.50%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will loss -25.00% in revenue this quarter, and will report an increase of 25.00% in the next quarter. The year-over-year growth rate is expected to be 29.20%, up from the previous year.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $471.02 million in revenue for the current quarter. 7 analysts expect Palantir Technologies Inc. to make $508.94 million in revenue for the quarter ending Sep 2022.

Palantir Technologies Inc. earnings are expected to increase by 58.60% in 2022, but the outlook is positive 35.42% per year for the next five years.

PLTR Dividends

Palantir Technologies Inc.’s next quarterly earnings report is expected to be released around August 10 and August 15.

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

Upon looking at major shareholders, it appears that insiders hold 11.48% of Palantir Technologies Inc. shares, and 33.82% of them are in the hands of institutional investors. The stock currently has a share float of 38.21%. Palantir Technologies Inc. stock is held by 1,032 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2022, it held 8.01% of the shares, which is about 156.0 million shares worth $2.14 billion.

Blackrock Inc., with 4.47% or 86.96 million shares worth $1.19 billion as of Mar 30, 2022, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Mar 30, 2022. The former held 50.17 million shares worth $688.85 million, making up 2.58% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 39.14 million shares worth around $537.45 million, which represents about 2.01% of the total shares outstanding.

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