In the last trading session, 3.66 million Planet Labs PBC (NYSE:PL) shares changed hands as the company’s beta touched 1.48. With the company’s per share price at $4.16 changed hands at $0.19 or 4.79% during last session, the market valuation stood at $1.24B. PL’s last price was a discount, traded about -61.3% 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 59.86% up since then. When we look at Planet Labs PBC’s average trading volume, we note the 10-day average is 4.17 million shares, with the 3-month average coming to 5.84 million.
Analysts gave the Planet Labs PBC (PL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.17. 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 green as seen at the end of in last trading. With action 4.52%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 2.97%, with the 5-day performance at 4.52% in the green. However, in the 30-day time frame, Planet Labs PBC (NYSE:PL) is -31.91% down. Looking at the short shares, we see there were 6.21 million shares sold at short interest cover period of 0.86 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.3, meaning bulls need an upside of 33.97% from its current market value. According to analyst projections, PL’s forecast low is 6.3 with 6.3 as the target high. To hit the forecast high, the stock’s price needs a -51.44% plunge from its current level, while the stock would need to soar -51.44% 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.
PL Dividends
Planet Labs PBC is expected to release its next quarterly earnings report on 2024-Dec-08.
Planet Labs PBC (NYSE:PL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.11% of Planet Labs PBC shares while 58.69% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.21%. There are 58.69% institutions holding the Planet Labs PBC stock share, with ALPHABET INC. the top institutional holder. As of 2024-06-30, the company held 11.0009% 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 Dec 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 6.39 shares estimated at $26.58 million under it, the former controlled 2.30% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.07% of the shares, roughly 5.74 shares worth around $23.87 million.
