During the last session, Planet Labs PBC (NYSE:PL)’s traded shares were 3.48 million. At the end of the trading day, the stock’s price was $4.97, reflecting an intraday gain of 2.05% or $0.1. The 52-week high for the PL share is $12.15, that puts it down -144.47 from that peak though still a striking 25.55% gain since the share price plummeted to a 52-week low of $3.70. The company’s market capitalization is $1.21B, and the average trade volume was 2.62 million shares over the past three months.
Planet Labs PBC (PL) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.90. PL has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.15.
Planet Labs PBC (NYSE:PL) trade information
Planet Labs PBC (PL) registered a 2.05% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.05% in intraday trading to $4.97 this Thursday, 06/23/22, hitting a weekly high. The stock’s 5-day price performance is 8.99%, and it has moved by -2.93% in 30 days. Based on these gigs, the overall price performance for the year is -49.80%.
The consensus price target of analysts on Wall Street is $10.00, which implies an increase of 50.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.00 and $12.00 respectively. As a result, PL is trading at a discount of -141.45% off the target high and -60.97% off the low.
Planet Labs PBC (PL) estimates and forecasts
Statistics show that Planet Labs PBC has outperformed its competitors in share price, compared to the industry in which it operates. Planet Labs PBC (PL) shares have gone down -27.34% during the last six months, with a year-to-date growth rate more than the industry average at 48.20% against 4.20. In the rating firms’ projections, revenue will increase 38.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $39.5 million as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $42.26 million by the end of Jul 2022.
While earnings are projected to return -14.90% in 2022, the next five years will return 30.00% per annum.
Planet Labs PBC is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Planet Labs PBC (NYSE:PL)’s Major holders
Planet Labs PBC insiders own 14.50% of total outstanding shares while institutional holders control 32.53%, with the float percentage being 38.05%. Canada Pension Plan Investment Board is the largest shareholder of the company, while 145 institutions own stock in it. As of Dec 30, 2021, the company held over 7.8 million shares (or 3.16% of all shares), a total value of $47.97 million in shares.
The next largest institutional holding, with 7.24 million shares, is of Capricorn Investment Group Llc’s that is approximately 2.93% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $44.51 million.
Also, the Mutual Funds coming in first place with the largest holdings of Planet Labs PBC (PL) shares are Listed Funds Tr-Roundhill Ball Metaverse ETF and Mutual Fund Ser Tr-Eventide Exponential Technologies Fund. Data provided on Jan 30, 2022 indicates that Listed Funds Tr-Roundhill Ball Metaverse ETF owns about 0.55 million shares. This amounts to just over 0.22 percent of the company’s overall shares, with a $3.38 million market value. The same data shows that the other fund manager holds slightly less at 0.15 million, or about 0.06% of the stock, which is worth about $0.95 million.