During the last session, Planet Labs PBC (NYSE:PL)’s traded shares were 1.47 million, with the beta value of the company hitting 0.81. At the end of the trading day, the stock’s price was $2.08, reflecting an intraday loss of -2.80% or -$0.06. The 52-week high for the PL share is $5.00, that puts it down -140.38 from that peak though still a striking 4.33% gain since the share price plummeted to a 52-week low of $1.99. The company’s market capitalization is $594.17M, and the average intraday trading volume over the past 10 days was 1.83 million shares, and the average trade volume was 1.26 million shares over the past three months.
Planet Labs PBC (NYSE:PL) trade information
Planet Labs PBC (PL) registered a -2.80% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.80% in intraday trading to $2.08, hitting a weekly high. The stock’s 5-day price performance is -18.43%, and it has moved by -4.15% in 30 days. Based on these gigs, the overall price performance for the year is -42.86%. The short interest in Planet Labs PBC (NYSE:PL) is 7.29 million shares and it means that shorts have 6.64 day(s) to cover.
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 -17.79% during the last six months, with a year-to-date growth rate more than the industry average at 56.00% against 20.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 14.30% this quarter and then jump 14.30% in the quarter after that. In the rating firms’ projections, revenue will increase 16.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $59.89 million as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $62.58 million by the end of Jul 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 29.42%. While earnings are projected to return 6.15% in 2024, the next five years will return 25.00% per annum.
PL Dividends
Planet Labs PBC is due to release its next quarterly earnings on March 28. 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 4.08% of total outstanding shares while institutional holders control 53.88%, with the float percentage being 56.17%. Alphabet Inc. is the largest shareholder of the company, while 239 institutions own stock in it. As of Jun 29, 2023, the company held over 31.94 million shares (or 12.08% of all shares), a total value of $102.86 million in shares.
The next largest institutional holding, with 17.85 million shares, is of Vanguard Group Inc’s that is approximately 6.75% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $57.47 million.
Also, the Mutual Funds coming in first place with the largest holdings of Planet Labs PBC (PL) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 5.8 million shares. This amounts to just over 2.19 percent of the company’s overall shares, with a $18.68 million market value. The same data shows that the other fund manager holds slightly less at 4.91 million, or about 1.86% of the stock, which is worth about $15.82 million.
