During the last session, Palantir Technologies Inc (NASDAQ:PLTR)’s traded shares were 114.16 million, with the beta value of the company hitting 2.79. At the end of the trading day, the stock’s price was $90.13, reflecting an intraday gain of 6.79% or $5.73. The 52-week high for the PLTR share is $125.41, that puts it down -39.14 from that peak though still a striking 77.44% gain since the share price plummeted to a 52-week low of $20.33. The company’s market capitalization is $211.39B, and the average trade volume was 96.87 million shares over the past three months.
Palantir Technologies Inc (PLTR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.81. PLTR has a Sell rating from 3 analyst(s) out of 14 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 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 0.13.
Palantir Technologies Inc (NASDAQ:PLTR) trade information
Palantir Technologies Inc (PLTR) registered a 6.79% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.79% in intraday trading to $90.13, hitting a weekly high. The stock’s 5-day price performance is 0.92%, and it has moved by 7.63% in 30 days. Based on these gigs, the overall price performance for the year is 261.53%.
The consensus price target of analysts on Wall Street is $77.5, which implies a decrease of -16.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $50 and $105 respectively. As a result, PLTR is trading at a discount of -16.5% off the target high and 44.52% off the low.
Palantir Technologies Inc (PLTR) estimates and forecasts
In the rating firms’ projections, revenue will increase 32.16% 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 873.88M as predicted by 16 analyst(s). Meanwhile, a consensus of 16 analyst(s) estimates revenue growth to 909.92M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 634.34M and 678.13M respectively. In this case, analysts expect current quarter sales to grow by 37.76% and then jump by 34.18% in the coming quarter.
While earnings are projected to return 31.66% in 2025, the next five years will return 30.99% per annum.
PLTR Dividends
Palantir Technologies Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 119.76 million shares, is of BLACKROCK INC.’s that is approximately 5.4101% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.03 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Palantir Technologies Inc (PLTR) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 64.51 shares. This amounts to just over 2.96 percent of the company’s overall shares, with a $5.81 billion market value. The same data shows that the other fund manager holds slightly less at 55.49, or about 2.54% of the stock, which is worth about $5.0 billion.
