Planet Labs PBC (NYSE:PL) has a beta value of 1.56 and has seen 0.94 million shares traded in the recent trading session. The company, currently valued at $1.00B, closed the recent trade at $3.33 per share which meant it lost -$0.13 on the day or -3.90% during that session. The PL stock price is -101.5% off its 52-week high price of $6.71 and 49.85% above the 52-week low of $1.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.16 million shares traded. The 3-month trading volume is 5.67 million shares.
The consensus among analysts is that Planet Labs PBC (PL) is Buy stock at the moment, with a recommendation rating of 1.17. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 7 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.03.
Planet Labs PBC (NYSE:PL) trade information
Sporting -3.90% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PL stock price touched $3.33 or saw a rise of 17.37%. Year-to-date, Planet Labs PBC shares have moved -17.70%, while the 5-day performance has seen it change -16.87%. Over the past 30 days, the shares of Planet Labs PBC (NYSE:PL) have changed -28.03%. Short interest in the company has seen 6.59 million shares shorted with days to cover at 1.39.
Wall Street analysts have a consensus price target for the stock at $6.3, which means that the shares’ value could jump 47.14% from the levels at last check today.. The projected low price target is $6.3 while the price target rests at a high of $6.3. In that case, then, we find that the latest price level in today’s session is -89.19% off the targeted high while a plunge would see the stock gain -89.19% from the levels at last check today..
Planet Labs PBC (PL) estimates and forecasts
The company’s shares have gained 50.45% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 10.68%.
9 analysts offering their estimates for the company have set an average revenue estimate of 62.29M for the current quarter. 9 have an estimated revenue figure of 65.12M for the next ending quarter. Year-ago sales stood 60.44M and 61.09M respectively for this quarter and the next, and analysts expect sales will grow by 3.05% for the current quarter and 10.68% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 31.85% over the past 5 years. Earnings growth for 2025 is a modest 25.45% while over the next 5 years, the company’s earnings are expected to increase by 50.49%.
PL Dividends
Planet Labs PBC is expected to release its next earnings report on 2025-Mar-19 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Planet Labs PBC (NYSE:PL)’s Major holders
Insiders own 4.06% of the company shares, while shares held by institutions stand at 57.97% with a share float percentage of 60.42%. Investors are also buoyed by the number of investors in a company, with Planet Labs PBC having a total of 268.0 institutions that hold shares in the company. The top two institutional holders are ALPHABET INC. with over 31.94 million shares worth more than $59.41 million. As of 2024-06-30, ALPHABET INC. held 11.0009% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 14.71 million shares as of 2024-06-30. The firm’s total holdings are worth over $27.36 million and represent 5.1027% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . As of Dec 31, 2024 , the former fund manager holds about 2.27% shares in the company for having 6.39 shares of worth $20.99 million while later fund manager owns 5.54 shares of worth $18.21 million as of Feb 28, 2025 , which makes it owner of about 1.97% of company’s outstanding stock.
