During the last session, Planet Labs PBC (NYSE:PL)’s traded shares were 1.78 million, with the beta value of the company hitting 1.03. At the end of the trading day, the stock’s price was $2.12, reflecting an intraday gain of 3.41% or $0.07. The 52-week high for the PL share is $2.89, that puts it down -36.32 from that peak though still a striking 21.23% gain since the share price plummeted to a 52-week low of $1.67. The company’s market capitalization is $622.18M, and the average intraday trading volume over the past 10 days was 3.58 million shares, and the average trade volume was 2.46 million shares over the past three months.

Planet Labs PBC (PL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. PL has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 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 -0.04.

Planet Labs PBC (NYSE:PL) trade information

Planet Labs PBC (PL) registered a 3.41% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.41% in intraday trading to $2.12, hitting a weekly high. The stock’s 5-day price performance is 3.41%, and it has moved by -22.63% in 30 days. Based on these gigs, the overall price performance for the year is -21.48%. The short interest in Planet Labs PBC (NYSE:PL) is 5.75 million shares and it means that shorts have 2.29 day(s) to cover.

The consensus price target of analysts on Wall Street is $4, which implies an increase of 47.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $5 respectively. As a result, PL is trading at a discount of -135.85% off the target high and 5.66% 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 -12.40% during the last six months, with a year-to-date growth rate more than the industry average at 58.00% against 18.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 20.00% this quarter and then jump 33.30% in the quarter after that. In the rating firms’ projections, revenue will increase 13.80% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 62.82M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 66.39M by the end of current fiscal year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 35.30%. While earnings are projected to return 8.76% 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 in October. 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 2.83% of total outstanding shares while institutional holders control 51.46%, with the float percentage being 52.96%. ALPHABET INC. is the largest shareholder of the company, while 234.0 institutions own stock in it. As of 2024-06-30, the company held over 31.94 million shares (or 11.0809% of all shares), a total value of $59.41 million in shares.

The next largest institutional holding, with 14.71 million shares, is of VANGUARD GROUP INC’s that is approximately 5.1027% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $27.36 million.