In the last trading session, 113.44 million Palantir Technologies Inc (NASDAQ:PLTR) shares changed hands as the company’s beta touched 2.74. With the company’s per share price at $86.24 changed hands at $6.62 or 8.31% during last session, the market valuation stood at $202.18B. PLTR’s last price was a discount, traded about -45.42% off its 52-week high of $125.41. The share price had its 52-week low at $20.33, which suggests the last value was 76.43% up since then. When we look at Palantir Technologies Inc’s average trading volume, we note the 10-day average is 114.75 million shares, with the 3-month average coming to 99.33 million.
Analysts gave the Palantir Technologies Inc (PLTR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.08. If we narrow down to specifics, the data shows that 3 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended PLTR as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Palantir Technologies Inc’s EPS for the current quarter is expected to be 0.13.
Palantir Technologies Inc (NASDAQ:PLTR) trade information
Instantly PLTR was in green as seen at the end of in last trading. With action 1.57%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 14.03%, with the 5-day performance at 1.57% in the green. However, in the 30-day time frame, Palantir Technologies Inc (NASDAQ:PLTR) is -26.54% down. Looking at the short shares, we see there were 61.18 million shares sold at short interest cover period of 0.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is 82, meaning bulls need a downside of -5.17% from its current market value. According to analyst projections, PLTR’s forecast low is 60 with 105 as the target high. To hit the forecast high, the stock’s price needs a -21.75% plunge from its current level, while the stock would need to tank 30.43% for it to hit the projected low.
Palantir Technologies Inc (PLTR) estimates and forecasts
Year-over-year growth is forecast to reach 32.16% up from the last financial year.
Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of 873.88M. 16 analysts are of the opinion that Palantir Technologies Inc’s revenue for the current quarter will be 909.92M. The company’s revenue for the corresponding quarters a year ago was 634.34M and 678.13M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 37.76%. The estimates for the next quarter sales put growth at 34.18%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 16.90%. The 2025 estimates are for Palantir Technologies Inc earnings to increase by 111.10%, but the outlook for the next 5-year period is at 25.60% per year.
PLTR Dividends
Palantir Technologies Inc is expected to release its next quarterly earnings report on 2025-Feb-02.
Palantir Technologies Inc (NASDAQ:PLTR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.98% of Palantir Technologies Inc shares while 53.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 56.45%. There are 53.64% institutions holding the Palantir Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.1072% of the shares, roughly 201.59 million PLTR shares worth $5.11 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.4101% or 119.76 million shares worth $3.03 billion as of 2024-06-30.
