Palantir Technologies Inc (NYSE:PLTR)’s traded shares stood at 15.86 million during the latest session, with the company’s beta value hitting 2.79. At the last check today, the stock’s price was $59.39, to imply a decrease of -2.16% or -$1.31 in intraday trading. The PLTR share’s 52-week high remains $63.39, putting it -6.74% down since that peak but still an impressive 73.63% since price per share fell to its 52-week low of $15.66. The company has a valuation of $135.29B, with an average of 94.21 million shares in intraday trading volume over the past 10 days and average of 63.17 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Palantir Technologies Inc (PLTR), translating to a mean rating of 3.33. Of 14 analyst(s) looking at the stock, 3 analyst(s) give PLTR a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.11.
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Palantir Technologies Inc (NYSE:PLTR) trade information
After registering a -2.16% downside in the latest session, Palantir Technologies Inc (PLTR) has traded red over the past five days. The 5-day price performance for the stock is 6.28%, and 41.64% over 30 days. With these gigs, the year-to-date price performance is 245.89%. Short interest in Palantir Technologies Inc (NYSE:PLTR) saw shorts transact 85.46 million shares and set a 1.84 days time to cover.
The extremes give us $4.5 and $57 for target low and target high price respectively. As such, PLTR has been trading 4.02% off suggested target high and 92.42% from its likely low.
Palantir Technologies Inc (PLTR) estimates and forecasts
Looking at statistics comparing Palantir Technologies Inc share performance against respective industry, we note that the company has outperformed competitors. Palantir Technologies Inc (PLTR) shares are 174.32% up over the last 6 months, with its year-to-date growth rate higher than industry average at 52.00% against 19.30%. Revenue is forecast to grow 38.98% this quarter before jumping 32.88% for the next one. The rating firms project that company’s revenue will grow 25.47% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is 776.2M. Meanwhile, for the current quarter, a total of 10 analyst(s) estimate revenue growth to 796.66M.Earnings reports from the last fiscal year show that sales brought in 608.35M and 634.34M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 27.59% before jumping 25.59% in the following quarter.
PLTR Dividends
Palantir Technologies Inc has its next earnings report out on 2025-Feb-03. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Palantir Technologies Inc (NYSE:PLTR)’s Major holders
Palantir Technologies Inc insiders hold 5.07% of total outstanding shares, with institutional holders owning 48.42% of the shares at 51.01% float percentage. In total, 48.42% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 201.59 million shares (or 9.1072% of shares), all amounting to roughly $5.11 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 119.76 million shares, or about 5.4101% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.03 billion.
