Planet Labs PBC (NYSE:PL)’s traded shares stood at 8.17 million during the last session, with the company’s beta value hitting 1.33. At the close of trading, the stock’s price was $4.17, to imply a decrease of -5.23% or -$0.23 in intraday trading. The PL share’s 52-week high remains $4.99, putting it -19.66% down since that peak but still an impressive 59.95% since price per share fell to its 52-week low of $1.67. The company has a valuation of $1.22B, with an average of 6.22 million shares in intraday trading volume over the past 10 days and average of 3.03 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Planet Labs PBC (PL), translating to a mean rating of 1.50. Of 7 analyst(s) looking at the stock, 0 analyst(s) give PL a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.04.

Planet Labs PBC (NYSE:PL) trade information

After registering a -5.23% downside in the last session, Planet Labs PBC (PL) has traded red over the past five days. The 5-day price performance for the stock is 13.32%, and 88.69% over 30 days. With these gigs, the year-to-date price performance is 68.83%. Short interest in Planet Labs PBC (NYSE:PL) saw shorts transact 6.03 million shares and set a 2.75 days time to cover.

The extremes give us $2 and $5 for target low and target high price respectively. As such, PL has been trading -19.9% off suggested target high and 52.04% from its likely low.

Planet Labs PBC (PL) estimates and forecasts

Looking at statistics comparing Planet Labs PBC share performance against respective industry, we note that the company has outperformed competitors. Planet Labs PBC (PL) shares are 126.63% up over the last 6 months, with its year-to-date growth rate higher than industry average at 58.00% against 24.90%. The rating firms project that company’s revenue will grow 14.05% compared to the previous financial year.

Revenue forecast for the current quarter as set by 8 analysts is 63.12M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 66.11M.Earnings reports from the last fiscal year show that sales brought in 55.38M and 58.85M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 13.97% before jumping 12.33% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 35.30% for the past 5-year period. While 2024 is set for a 10.11% return in earnings, projections for the next 5 years are at 25.00% annually.

PL Dividends

Planet Labs PBC has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Planet Labs PBC (NYSE:PL)’s Major holders

Planet Labs PBC insiders hold 2.77% of total outstanding shares, with institutional holders owning 55.21% of the shares at 56.78% float percentage. In total, 55.21% institutions holds shares in the company, led by ALPHABET INC.. As of 2024-06-30, the company held over 31.94 million shares (or 11.0809% of shares), all amounting to roughly $59.41 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 14.71 million shares, or about 5.1027% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $27.36 million.