In recent trading session, Palantir Technologies Inc (NYSE:PLTR) saw 24.65 million shares changing hands at last check today with its beta currently measuring 2.70. Company’s recent per share price level of $27.10 trading at $1.25 or 4.85% at last check today assigns it a market valuation of $60.36B. That most recent trading price of PLTR’s stock is at a discount of -1.48% from its 52-week high price of $27.50 and is indicating a premium of 49.52% from its 52-week low price of $13.68. Taking a look at company’s average trading volume volume of 41.79 million if we extend that period to 3-months.
For Palantir Technologies Inc (PLTR), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.10. Splitting up the data highlights that, out of 13 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.08 in the current quarter.
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Palantir Technologies Inc (NYSE:PLTR) trade information
Upright in the green today for gaining 4.85%, in the last five days PLTR remained trading in the green while hitting it’s week-highest on Friday, 07/05/24 when the stock touched $27.10 price level, adding 0.48% to its value on the day. Palantir Technologies Inc’s shares saw a change of 57.86% in year-to-date performance and have moved 7.47% in past 5-day. Palantir Technologies Inc (NYSE:PLTR) showed a performance of 22.65% in past 30-days.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a fall of -80.67% to its recent value today. Analysts have been projecting 4.5 as a low price target for the stock while placing it at a high target of 35. It follows that stock’s current price would jump 83.39% in reaching the projected high whereas dropping to the targeted low would mean a gain of 83.39% for stock’s current value.
Palantir Technologies Inc (PLTR) estimates and forecasts
Statistics highlight that Palantir Technologies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 68.46% of value to its shares in past 6 months, showing an annual growth rate of 32.00% while that of industry is 14.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 21.40% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 652.14M for the same. And 11 analysts are in estimates of company making revenue of 679.17M in the next quarter.
PLTR Dividends
Palantir Technologies Inc is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Palantir Technologies Inc (NYSE:PLTR)’s Major holders
Insiders are in possession of 5.19% of company’s total shares while institution are holding 41.91 percent of that, with stock having share float percentage of 44.21%. Investors also watch the number of corporate investors in a company very closely, which is 41.91% institutions for Palantir Technologies Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at PLTR for having 196.83 shares of worth $5.31 billion. And as of Mar 31, 2024, it was holding 9.24% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 112.68 shares on Mar 31, 2024. The number of shares represents firm’s hold over 5.29% of outstanding shares, having a total worth of $3.04 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024, the former fund manager was holding 63.06 shares of worth $1.7 billion or 2.96% of the total outstanding shares. The later fund manager was in possession of 43.3 shares on Mar 31, 2024, making its stake of worth around $1.17 billion in the company or a holder of 2.03% of company’s stock.
