During the recent session, Planet Labs PBC (NYSE:PL)’s traded shares were 1.24 million, with the beta value of the company hitting 1.32. At the last check today, the stock’s price was $4.00, reflecting an intraday loss of -1.02% or -$0.04. The 52-week high for the PL share is $4.99, that puts it down -24.75 from that peak though still a striking 58.25% gain since the share price plummeted to a 52-week low of $1.67. The company’s market capitalization is $1.19B, and the average intraday trading volume over the past 10 days was 5.67 million shares, and the average trade volume was 3.91 million shares over the past three months.
Planet Labs PBC (PL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.40. PL has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.02.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Planet Labs PBC (NYSE:PL) trade information
Planet Labs PBC (PL) registered a -1.02% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.02% in intraday trading to $4.00, hitting a weekly high. The stock’s 5-day price performance is -3.41%, and it has moved by -11.34% in 30 days. Based on these gigs, the overall price performance for the year is 68.01%. The short interest in Planet Labs PBC (NYSE:PL) is 5.29 million shares and it means that shorts have 1.67 day(s) to cover.
The consensus price target of analysts on Wall Street is $5, which implies an increase of 20.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $5 respectively. As a result, PL is trading at a discount of -25.0% off the target high and -25.0% off the low.
Planet Labs PBC (PL) estimates and forecasts
Statistics show that Planet Labs PBC has outperformed its competitors in share price, compared to the industry in which it operates. Planet Labs PBC (PL) shares have gone up 120.92% during the last six months, with a year-to-date growth rate more than the industry average at 70.00% against 25.20. In the rating firms’ projections, revenue will increase 10.97% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 62.2M as predicted by 9 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 64.88M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 58.85M and 60.44M respectively. In this case, analysts expect current quarter sales to grow by 5.70% and then jump by 7.35% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 35.30%. While earnings are projected to return 34.21% in 2025, the next five years will return 25.00% per annum.
PL Dividends
Planet Labs PBC is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Planet Labs PBC (NYSE:PL)’s Major holders
Planet Labs PBC insiders own 2.73% of total outstanding shares while institutional holders control 54.50%, with the float percentage being 56.03%. ALPHABET INC. is the largest shareholder of the company, while 231.0 institutions own stock in it. As of 2024-06-30, the company held over 31.94 million shares (or 11.0809% of all shares), a total value of $59.41 million in shares.
The next largest institutional holding, with 14.71 million shares, is of VANGUARD GROUP INC’s that is approximately 5.1027% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $27.36 million.
Also, the Mutual Funds coming in first place with the largest holdings of Planet Labs PBC (PL) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 6.39 shares. This amounts to just over 2.32 percent of the company’s overall shares, with a $25.59 million market value. The same data shows that the other fund manager holds slightly less at 5.47, or about 1.98% of the stock, which is worth about $21.9 million.
