During the last session, Palantir Technologies Inc (NYSE:PLTR)’s traded shares were 23.74 million, with the beta value of the company hitting 2.78. At the end of the trading day, the stock’s price was $62.24, reflecting an intraday gain of 0.19% or $0.12. The 52-week high for the PLTR share is $66.00, that puts it down -6.04 from that peak though still a striking 74.84% gain since the share price plummeted to a 52-week low of $15.66. The company’s market capitalization is $141.77B, and the average intraday trading volume over the past 10 days was 94.67 million shares, and the average trade volume was 66.81 million shares over the past three months.
Palantir Technologies Inc (PLTR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.33. PLTR has a Sell rating from 3 analyst(s) out of 14 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 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 0.11.
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Palantir Technologies Inc (NYSE:PLTR) trade information
Palantir Technologies Inc (PLTR) registered a 0.19% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.19% in intraday trading to $62.24, hitting a weekly high. The stock’s 5-day price performance is 5.16%, and it has moved by 46.13% in 30 days. Based on these gigs, the overall price performance for the year is 214.32%. The short interest in Palantir Technologies Inc (NYSE:PLTR) is 85.46 million shares and it means that shorts have 1.84 day(s) to cover.
The consensus price target of analysts on Wall Street is $20.5, which implies a decrease of -203.61% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.5 and $57 respectively. As a result, PLTR is trading at a premium of 8.42% off the target high and 92.77% off the low.
Palantir Technologies Inc (PLTR) estimates and forecasts
Statistics show that Palantir Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. Palantir Technologies Inc (PLTR) shares have gone up 200.36% during the last six months, with a year-to-date growth rate more than the industry average at 52.00% against 18.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 38.98% this quarter and then jump 32.88% in the quarter after that. In the rating firms’ projections, revenue will increase 25.47% 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 776.2M as predicted by 13 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 796.66M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 608.35M and 634.34M respectively. In this case, analysts expect current quarter sales to grow by 27.59% and then jump by 25.59% in the coming quarter.
While earnings are projected to return 51.24% in 2024, the next five years will return 25.69% per annum.
PLTR Dividends
Palantir Technologies Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Palantir Technologies Inc (NYSE:PLTR)’s Major holders
Palantir Technologies Inc insiders own 5.07% of total outstanding shares while institutional holders control 50.86%, with the float percentage being 53.58%. VANGUARD GROUP INC is the largest shareholder of the company, while 1831.0 institutions own stock in it. As of 2024-06-30, the company held over 201.59 million shares (or 9.1072% of all shares), a total value of $5.11 billion in shares.
The next largest institutional holding, with 119.76 million shares, is of BLACKROCK INC.’s that is approximately 5.4101% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.03 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Palantir Technologies Inc (PLTR) shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 63.95 shares. This amounts to just over 2.93 percent of the company’s overall shares, with a $4.02 billion market value. The same data shows that the other fund manager holds slightly less at 43.08, or about 1.98% of the stock, which is worth about $2.7 billion.
