Planet Labs PBC (NYSE:PL) has a beta value of 1.32 and has seen 3.57 million shares traded in the last trading session. The company, currently valued at $1.22B, closed the last trade at $4.11 per share which meant it lost -$0.25 on the day or -5.73% during that session. The PL stock price is -21.41% off its 52-week high price of $4.99 and 59.37% above the 52-week low of $1.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.23 million shares traded. The 3-month trading volume is 4.03 million shares.
The consensus among analysts is that Planet Labs PBC (PL) is Buy stock at the moment, with a recommendation rating of 1.40. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 7 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight.
Planet Labs PBC (NYSE:PL) trade information
Sporting -5.73% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PL stock price touched $4.11 or saw a rise of 10.46%. Year-to-date, Planet Labs PBC shares have moved 1.73%, while the 5-day performance has seen it change -2.38%. Over the past 30 days, the shares of Planet Labs PBC (NYSE:PL) have changed 0.49%. Short interest in the company has seen 5.29 million shares shorted with days to cover at 1.67.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 17.8% from current levels. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -21.65% off the targeted high while a plunge would see the stock gain -21.65% from current levels.
Planet Labs PBC (PL) estimates and forecasts
Figures show that Planet Labs PBC shares have outperformed across the wider relevant industry. The company’s shares have gained 132.20% over the past 6 months, with this year growth rate of 70.00%, compared to 25.20% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 35.30% over the past 5 years. Earnings growth for 2025 is a modest 34.21% while over the next 5 years, the company’s earnings are expected to increase by 25.00%.
PL Dividends
Planet Labs PBC is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Planet Labs PBC (NYSE:PL)’s Major holders
Insiders own 2.73% of the company shares, while shares held by institutions stand at 54.50% with a share float percentage of 56.03%. Investors are also buoyed by the number of investors in a company, with Planet Labs PBC having a total of 231.0 institutions that hold shares in the company. The top two institutional holders are ALPHABET INC. with over 31.94 million shares worth more than $59.41 million. As of 2024-06-30, ALPHABET INC. held 11.0809% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 14.71 million shares as of 2024-06-30. The firm’s total holdings are worth over $27.36 million and represent 5.1027% of shares outstanding.
