Planet Labs PBC (NYSE:PL) has a beta value of 1.26 and has seen 4.58 million shares traded in the last trading session. The company, currently valued at $1.08B, closed the last trade at $3.68 per share which meant it lost -$0.1 on the day or -2.65% during that session. The PL stock price is -4.35% off its 52-week high price of $3.84 and 54.62% above the 52-week low of $1.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.45 million shares traded. The 3-month trading volume is 2.55 million shares.
The consensus among analysts is that Planet Labs PBC (PL) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 7 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.04.
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Planet Labs PBC (NYSE:PL) trade information
Sporting -2.65% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PL stock price touched $3.68 or saw a rise of 5.4%. Year-to-date, Planet Labs PBC shares have moved 48.99%, while the 5-day performance has seen it change 15.72%. Over the past 30 days, the shares of Planet Labs PBC (NYSE:PL) have changed 55.93%. Short interest in the company has seen 6.03 million shares shorted with days to cover at 2.75.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 8.0% from current levels. The projected low price target is $2.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -35.87% off the targeted high while a plunge would see the stock lose 45.65% from current levels.
Planet Labs PBC (PL) estimates and forecasts
Figures show that Planet Labs PBC shares have outperformed across the wider relevant industry. The company’s shares have gained 101.09% over the past 6 months, with this year growth rate of 58.00%, compared to 24.60% for the industry. Revenue growth from the last financial year stood is estimated to be 14.05%.
8 analysts offering their estimates for the company have set an average revenue estimate of 63.12M for the current quarter. 8 have an estimated revenue figure of 66.11M for the next ending quarter. Year-ago sales stood 55.38M and 58.85M respectively for this quarter and the next, and analysts expect sales will grow by 13.97% for the current quarter and 14.05% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 35.30% over the past 5 years. Earnings growth for 2024 is a modest 10.11% while over the next 5 years, the company’s earnings are expected to increase by 25.00%.
PL Dividends
Planet Labs PBC 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.
Planet Labs PBC (NYSE:PL)’s Major holders
Insiders own 2.77% of the company shares, while shares held by institutions stand at 55.19% with a share float percentage of 56.76%. Investors are also buoyed by the number of investors in a company, with Planet Labs PBC having a total of 232.0 institutions that hold shares in the company. The top two institutional holders are ALPHABET INC. with over 31.94 million shares worth more than $59.41 million. As of 2024-06-30, ALPHABET INC. held 11.0809% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 14.71 million shares as of 2024-06-30. The firm’s total holdings are worth over $27.36 million and represent 5.1027% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.23% shares in the company for having 6.07 shares of worth $22.35 million while later fund manager owns 5.53 shares of worth $20.34 million as of Sep 30, 2024 , which makes it owner of about 2.03% of company’s outstanding stock.
