In today’s recent session, 23.75 million shares of the Palantir Technologies Inc (NASDAQ:PLTR) have been traded, and its beta is 2.86. Most recently the company’s share price was $75.14, and it changed around $2.68 or 3.69% from the last close, which brings the market valuation of the company to $171.16B. PLTR at last check was trading at a discount to its 52-week high of $80.91, offering almost -7.68% off that amount. The share price’s 52-week low was $15.66, which indicates that the recent value has risen by an impressive 79.16% since then. We note from Palantir Technologies Inc’s average daily trading volume that its 10-day average is 77.27 million shares, with the 3-month average coming to 72.80 million.
Palantir Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.45. If we narrow it down even further, the data shows that 5 out of 19 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 8 recommended PLTR as a Hold, whereas 3 deemed it a Buy, and 2 rated it as Underweight. Palantir Technologies Inc is expected to report earnings per share of 0.11 for the current quarter.
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Palantir Technologies Inc (NASDAQ:PLTR) trade information
Instantly PLTR has been showing a green trend so far today with a performance of 3.69% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 80.91 on recent trading dayincreased the stock’s daily price by 7.13%. The company’s shares are currently up 337.59% year-to-date, but still up 5.88% over the last five days. On the other hand, Palantir Technologies Inc (NASDAQ:PLTR) is 28.68% up in the 30-day period. We can see from the shorts that 85.4 million shares have been sold at a short interest cover period of 1.28 day(s).
The consensus price target as assigned by Wall Street analysts is $35, which translates to bulls needing to decrease their stock price by -114.69% from its current value. Analyst projections state that PLTR is forecast to be at a low of $16 and a high of $75.
Palantir Technologies Inc (PLTR) estimates and forecasts
Palantir Technologies Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 215.03 percent over the past six months and at a 52.00% annual growth rate that is well above the industry average of 16.90%. The year-over-year growth rate is expected to be 25.48%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 776.2M in revenue for the current quarter. 10 analysts expect Palantir Technologies Inc to make 796.66M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 608.35M and 634.34M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 27.59%. Forecasts for the next quarter put sales growth at 25.59%.
Palantir Technologies Inc earnings are expected to increase by 51.75% in 2024, but the outlook is positive 27.54% per year for the next five years.
PLTR Dividends
Palantir Technologies Inc’s next quarterly earnings report is expected to be released in January.
Palantir Technologies Inc (NASDAQ:PLTR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.10% of Palantir Technologies Inc shares, and 50.95% of them are in the hands of institutional investors. The stock currently has a share float of 53.68%. Palantir Technologies Inc stock is held by 1844.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.1072% of the shares, which is about 201.59 million shares worth $5.11 billion.
BLACKROCK INC., with 5.4101% or 119.76 million shares worth $3.03 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
