Palantir Technologies Inc (NYSE:PLTR) has a beta value of 2.71 and has seen 49.23 million shares traded in the last trading session. The company, currently valued at $63.65B, closed the last trade at $28.58 per share which meant it lost -$0.06 on the day or -0.21% during that session. The PLTR stock price is -4.37% off its 52-week high price of $29.83 and 52.13% above the 52-week low of $13.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 52.77 million shares traded. The 3-month trading volume is 44.73 million shares.
The consensus among analysts is that Palantir Technologies Inc (PLTR) is Hold stock at the moment, with a recommendation rating of 3.00. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 13 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight.
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Palantir Technologies Inc (NYSE:PLTR) trade information
Sporting -0.21% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PLTR stock price touched $28.58 or saw a rise of 4.19%. Year-to-date, Palantir Technologies Inc shares have moved 66.45%, while the 5-day performance has seen it change 1.82%. Over the past 30 days, the shares of Palantir Technologies Inc (NYSE:PLTR) have changed 10.69%. Short interest in the company has seen 79.88 million shares shorted with days to cover at 1.99.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could drop -90.53% from current levels. The projected low price target is $4.5 while the price target rests at a high of $50. In that case, then, we find that the current price level is -74.95% off the targeted high while a plunge would see the stock lose 84.25% from current levels.
Palantir Technologies Inc (PLTR) estimates and forecasts
Figures show that Palantir Technologies Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 74.27% over the past 6 months, with this year growth rate of 32.00%, compared to 14.60% for the industry.
PLTR Dividends
Palantir Technologies Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Palantir Technologies Inc (NYSE:PLTR)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 196.83 million shares worth more than $4.53 billion. As of 2024-03-31, VANGUARD GROUP INC held 9.166% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 112.68 million shares as of 2024-03-31. The firm’s total holdings are worth over $2.59 billion and represent 5.2473% of shares outstanding.
