Why Palantir Technologies Inc (NYSE: PLTR) Stock Shouldn’t Be Sold In 2024

In the last trading session, 37.68 million Palantir Technologies Inc (NYSE:PLTR) shares changed hands as the company’s beta touched 2.77. With the company’s per share price at $21.90 changed hands at -$0.77 or -3.40% during last session, the market valuation stood at $48.46B. PLTR’s last price was a discount, traded about -25.57% off its 52-week high of $27.50. The share price had its 52-week low at $7.28, which suggests the last value was 66.76% up since then. When we look at Palantir Technologies Inc’s average trading volume, we note the 3-month average coming to 70.26 million.

Palantir Technologies Inc (NYSE:PLTR) trade information

Instantly PLTR was in red as seen at the end of in last trading. With action -4.78%, the performance over the past five days has been red. The drop to weekly highs of 23.20 subtracted -3.40% to the stock’s daily price. The company’s shares are showing year-to-date upside of 27.55%, with the 5-day performance at -4.78% in the red. However, in the 30-day time frame, Palantir Technologies Inc (NYSE:PLTR) is -10.36% down.

Palantir Technologies Inc (PLTR) estimates and forecasts

Data shows that the Palantir Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 22.07% over the past 6 months, a 32.00% in annual growth rate that is considerably higher than the industry average of 17.30%.

The 2024 estimates are for Palantir Technologies Inc earnings to increase by 32.10%.

PLTR Dividends

Palantir Technologies Inc is expected to release its next quarterly earnings report in May.