In the latest trading session, 1.47 million Planet Labs PBC (NYSE:PL) shares changed hands as the company’s beta touched 1.43. With the company’s most recent per share price at $4.81 changed hands at -$0.16 or -3.22% at last look, the market valuation stands at $1.44B. PL’s current price is a discount, trading about -39.5% off its 52-week high of $6.71. The share price had its 52-week low at $1.67, which suggests the last value was 65.28% up since then.
Analysts gave the Planet Labs PBC (PL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.18. 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’s EPS for the current quarter is expected to be -0.02.
Planet Labs PBC (NYSE:PL) trade information
Instantly PL was in red as seen in intraday trades today. With action -20.63%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 19.06%, with the 5-day performance at -20.63% in the red. However, in the 30-day time frame, Planet Labs PBC (NYSE:PL) is 1.48% up.
The consensus price target for the stock as assigned by Wall Street analysts is 5.65, meaning bulls need an upside of 14.87% from its recent market value. According to analyst projections, PL’s forecast low is 5 with 6.3 as the target high. To hit the forecast high, the stock’s price needs a -30.98% plunge from its current level, while the stock would need to soar -3.95% for it to hit the projected low.
Planet Labs PBC (PL) estimates and forecasts
Year-over-year growth is forecast to reach 10.88% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 61.88M. 10 analysts are of the opinion that Planet Labs PBC’s revenue for the current quarter will be 64.56M. The company’s revenue for the corresponding quarters a year ago was 58.85M and 60.44M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 5.15%. The estimates for the next quarter sales put growth at 6.81%.
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 37.08%, but the outlook for the next 5-year period is at 45.94% per year.
Planet Labs PBC (NYSE:PL)’s Major holders
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 $31.05 million under it, the former controlled 2.30% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.13% of the shares, roughly 5.93 shares worth around $28.82 million.
