In the last trading session, 61.94 million shares of the Palantir Technologies Inc (NYSE:PLTR) were traded, and its beta was 2.71. Most recently the company’s share price was $41.45, and it changed around $2.56 or 6.58% from the last close, which brings the market valuation of the company to $92.83B. PLTR currently trades at a discount to its 52-week high of $40.29, offering almost 2.8% off that amount. The share price’s 52-week low was $14.48, which indicates that the current value has risen by an impressive 65.07% since then. We note from Palantir Technologies Inc’s average daily trading volume that its 10-day average is 49.44 million shares, with the 3-month average coming to 59.45 million.
Palantir Technologies Inc stock received a consensus recommendation rating of Underweight, based on a mean score of 3.22. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended PLTR as a Hold, whereas 0 deemed it a Buy, and 2 rated it as Underweight. Palantir Technologies Inc is expected to report earnings per share of 0.09 for the current quarter.
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Palantir Technologies Inc (NYSE:PLTR) trade information
Instantly PLTR has showed a green trend with a performance of 6.58% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 41.49 on recent trading dayincreased the stock’s daily price by 0.1%. The company’s shares are currently up 141.41% year-to-date, but still up 13.69% over the last five days. On the other hand, Palantir Technologies Inc (NYSE:PLTR) is 19.80% up in the 30-day period. We can see from the shorts that 67.11 million shares have been sold at a short interest cover period of 1.35 day(s).
The consensus price target as assigned by Wall Street analysts is $20.5, which translates to bulls needing to decrease their stock price by -102.2% from its current value. Analyst projections state that PLTR is forecast to be at a low of $4.5 and a high of $50.
Palantir Technologies Inc (PLTR) estimates and forecasts
Palantir Technologies Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 81.72 percent over the past six months and at a 44.00% annual growth rate that is well above the industry average of 17.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 28.60% in revenue this quarter, and will report an increase of 12.50% in the next quarter. The year-over-year growth rate is expected to be 24.00%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 701.13M in revenue for the current quarter. 11 analysts expect Palantir Technologies Inc to make 741.44M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 21.90%.
Palantir Technologies Inc earnings are expected to increase by 42.41% in 2024, but the outlook is positive 24.03% per year for the next five years.
PLTR Dividends
Palantir Technologies Inc’s next quarterly earnings report is expected to be released in November.
Palantir Technologies Inc (NYSE:PLTR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.16% of Palantir Technologies Inc shares, and 44.49% of them are in the hands of institutional investors. The stock currently has a share float of 46.91%. Palantir Technologies Inc stock is held by 1577.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.1072% of the shares, which is about 201.59 million shares worth $5.11 billion.
BLACKROCK INC., with 5.4101% or 119.76 million shares worth $3.03 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
