In the latest trading session, 0.72 million Planet Labs PBC (NYSE:PL) shares changed hands as the company’s beta touched 1.33. With the company’s most recent per share price at $3.73 changing hands around $0.16 or 4.48% at last look, the market valuation stands at $1.11B. PL’s current price is a discount, trading about -33.78% off its 52-week high of $4.99. The share price had its 52-week low at $1.67, which suggests the last value was 55.23% up since then. When we look at Planet Labs PBC’s average trading volume, we note the 10-day average is 3.59 million shares, with the 3-month average coming to 4.16 million.
Analysts gave the Planet Labs PBC (PL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended PL as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight.
Planet Labs PBC (NYSE:PL) trade information
Instantly PL is in green as seen in intraday trades today. With action -14.45%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -7.67%, with the 5-day performance at -14.45% in the red. However, in the 30-day time frame, Planet Labs PBC (NYSE:PL) is -5.57% down. Looking at the short shares, we see there were 5.29 million shares sold at short interest cover period of 1.67 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 25.4% from its recent market value. According to analyst projections, PL’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -34.05% plunge from its current level, while the stock would need to soar -34.05% for it to hit the projected low.
Planet Labs PBC (PL) estimates and forecasts
Data shows that the Planet Labs PBC 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 75.94% over the past 6 months, a 70.00% in annual growth rate that is considerably higher than the industry average of 25.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 35.30%. The 2025 estimates are for Planet Labs PBC earnings to increase by 34.21%.
PL Dividends
Planet Labs PBC is expected to release its next quarterly earnings report in February.
Planet Labs PBC (NYSE:PL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.73% of Planet Labs PBC shares while 54.50% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 56.03%. There are 54.50% institutions holding the Planet Labs PBC stock share, with ALPHABET INC. the top institutional holder. As of 2024-06-30, the company held 11.0809% of the shares, roughly 31.94 million PL shares worth $59.41 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.1027% or 14.71 million shares worth $27.36 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 6.39 shares estimated at $23.61 million under it, the former controlled 2.32% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.98% of the shares, roughly 5.47 shares worth around $20.2 million.
