In recent trading session, Palantir Technologies Inc (NASDAQ:PLTR) saw 4.92 million shares changing hands at last check today with its beta currently measuring 2.84. Company’s recent per share price level of $66.75 trading at $0.7 or 1.06% at last check today assigns it a market valuation of $152.06B. That most recent trading price of PLTR’s stock is at a discount of -1.69% from its 52-week high price of $67.88 and is indicating a premium of 76.54% from its 52-week low price of $15.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 78.7 million shares which gives us an average trading volume of 68.72 million if we extend that period to 3-months.
For Palantir Technologies Inc (PLTR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.45. Splitting up the data highlights that, out of 14 analysts covering the stock, 3 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.11 in the current quarter.
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Palantir Technologies Inc (NASDAQ:PLTR) trade information
Upright in the green today for gaining 1.06%, in the last five days PLTR remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $66.75 price level, adding 1.66% to its value on the day. Palantir Technologies Inc’s shares saw a change of 288.76% in year-to-date performance and have moved 8.78% in past 5-day. Palantir Technologies Inc (NASDAQ:PLTR) showed a performance of 52.78% in past 30-days. Number of shares sold short was 85.4 million shares which calculate 1.28 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 20.5 to the stock, which implies a fall of -225.61% to its recent value today. Analysts have been projecting 4.5 as a low price target for the stock while placing it at a high target of 75. It follows that stock’s current price would jump 93.26% in reaching the projected high whereas dropping to the targeted low would mean a gain of 93.26% for stock’s current value.
Palantir Technologies Inc (PLTR) estimates and forecasts
Statistics highlight that Palantir Technologies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 207.89% of value to its shares in past 6 months, showing an annual growth rate of 52.00% while that of industry is 18.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 25.47% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 776.2M for the same. And 10 analysts are in estimates of company making revenue of 796.66M in the next quarter. Company posted 608.35M and 634.34M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 51.75% while estimates for its earnings growth in next 5 years are of 25.69%.
Palantir Technologies Inc (NASDAQ:PLTR)’s Major holders
Insiders are in possession of 5.10% of company’s total shares while institution are holding 50.90 percent of that, with stock having share float percentage of 53.63%. Investors also watch the number of corporate investors in a company very closely, which is 50.90% institutions for Palantir Technologies Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PLTR for having 201.59 million shares of worth $5.11 billion. And as of 2024-06-30, it was holding 9.1072 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 119.76 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.4101 of outstanding shares, having a total worth of $3.03 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 63.95 shares of worth $4.26 billion or 2.93% of the total outstanding shares. The later fund manager was in possession of 52.44 shares on Sep 30, 2024 , making its stake of worth around $3.49 billion in the company or a holder of 2.40% of company’s stock.
