Palantir Technologies Inc (NASDAQ:PLTR) has a beta value of 2.83 and has seen 17.71 million shares traded in the recent trading session. The company, currently valued at $148.44B, closed the recent trade at $65.16 per share which meant it gained $0.51 on the day or 0.79% during that session. The PLTR stock price is -4.17% off its 52-week high price of $67.88 and 75.97% above the 52-week low of $15.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 83.08 million shares traded. The 3-month trading volume is 68.08 million shares.
The consensus among analysts is that Palantir Technologies Inc (PLTR) is Buy stock at the moment, with a recommendation rating of 3.45. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 14 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.11.
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Palantir Technologies Inc (NASDAQ:PLTR) trade information
Sporting 0.79% in the green today, 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 $65.16 or saw a rise of 4.01%. Year-to-date, Palantir Technologies Inc shares have moved 279.50%, while the 5-day performance has seen it change 3.46%. Over the past 30 days, the shares of Palantir Technologies Inc (NASDAQ:PLTR) have changed 44.90%. Short interest in the company has seen 85.46 million shares shorted with days to cover at 1.84.
Wall Street analysts have a consensus price target for the stock at $20.5, which means that the shares’ value could drop -217.85% from the levels at last check today. The projected low price target is $4.5 while the price target rests at a high of $75.0. In that case, then, we find that the latest price level in today’s session is -15.1% off the targeted high while a plunge would see the stock lose 93.09% from the levels at last check today.
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 211.17% over the past 6 months, with this year growth rate of 52.00%, compared to 18.40% for the industry. Revenue growth from the last financial year stood is estimated to be 25.47%.
13 analysts offering their estimates for the company have set an average revenue estimate of 776.2M for the current quarter. 10 have an estimated revenue figure of 796.66M for the next ending quarter. Year-ago sales stood 608.35M and 634.34M respectively for this quarter and the next, and analysts expect sales will grow by 27.59% for the current quarter and 25.47% for the next.
Earnings growth for 2024 is a modest 51.75% while over the next 5 years, the company’s earnings are expected to increase by 25.69%.
PLTR Dividends
Palantir Technologies Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Palantir Technologies Inc (NASDAQ:PLTR)’s Major holders
Insiders own 5.10% of the company shares, while shares held by institutions stand at 50.90% with a share float percentage of 53.63%. Investors are also buoyed by the number of investors in a company, with Palantir Technologies Inc having a total of 1832.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 201.59 million shares worth more than $5.11 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.1072% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 119.76 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.03 billion and represent 5.4101% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of Jun 30, 2024, the former fund manager holds about 2.93% shares in the company for having 63.95 shares of worth $4.15 billion while later fund manager owns 43.08 shares of worth $2.8 billion as of Jun 30, 2024, which makes it owner of about 1.98% of company’s outstanding stock.
