In the latest trading session, 49.06 million Palantir Technologies Inc (NASDAQ:PLTR) shares changed hands as the company’s beta touched 2.87. With the company’s most recent per share price at $69.86 changing hands around $3.47 or 5.22% at last look, the market valuation stands at $159.13B. PLTR’s last price was a premium, traded about 2.83% off its 52-week high of $67.88. The share price had its 52-week low at $15.66, which suggests the last value was 77.58% up since then. When we look at Palantir Technologies Inc’s average trading volume, we note the 10-day average is 64.81 million shares, with the 3-month average coming to 69.18 million.
Analysts gave the Palantir Technologies Inc (PLTR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.45. If we narrow down to specifics, the data shows that 3 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended PLTR as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Palantir Technologies Inc’s EPS for the current quarter is expected to be 0.11.
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Palantir Technologies Inc (NASDAQ:PLTR) trade information
Instantly PLTR is in green as seen in intraday trades today. With action 8.05%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 306.84%, with the 5-day performance at 8.05% in the green. However, in the 30-day time frame, Palantir Technologies Inc (NASDAQ:PLTR) is 66.64% up. Looking at the short shares, we see there were 85.4 million shares sold at short interest cover period of 1.28 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20.5, meaning bulls need a downside of -240.78% from its recent market value. According to analyst projections, PLTR’s forecast low is 4.5 with 75 as the target high. To hit the forecast high, the stock’s price needs a -7.36% plunge from its current level, while the stock would need to tank 93.56% for it to hit the projected low.
Palantir Technologies Inc (PLTR) estimates and forecasts
Data shows that the Palantir Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 216.09% over the past 6 months, a 52.00% in annual growth rate that is considerably higher than the industry average of 16.80%. Year-over-year growth is forecast to reach 25.47% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 776.2M. 10 analysts are of the opinion that Palantir Technologies Inc’s revenue for the current quarter will be 796.66M. The company’s revenue for the corresponding quarters a year ago was 608.35M and 634.34M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 27.59%. The estimates for the next quarter sales put growth at 25.59%.
The 2024 estimates are for Palantir Technologies Inc earnings to increase by 51.75%, but the outlook for the next 5-year period is at 27.54% per year.
PLTR Dividends
Palantir Technologies Inc is expected to release its next quarterly earnings report in January.
Palantir Technologies Inc (NASDAQ:PLTR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.10% of Palantir Technologies Inc shares while 50.89% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 53.62%. There are 50.89% institutions holding the Palantir Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.1072% of the shares, roughly 201.59 million PLTR shares worth $5.11 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.4101% or 119.76 million shares worth $3.03 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 63.95 shares estimated at $4.48 billion under it, the former controlled 2.93% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.40% of the shares, roughly 52.44 shares worth around $3.67 billion.
