In last trading session, Planet Labs PBC (NYSE:PL) saw 3.44 million shares changing hands with its beta currently measuring 1.57. Company’s recent per share price level of $3.58 trading at $0.15 or 4.37% at ring of the bell on the day assigns it a market valuation of $1.08B. That closing price of PL’s stock is at a discount of -87.43% from its 52-week high price of $6.71 and is indicating a premium of 53.35% from its 52-week low price of $1.67. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.19 million shares which gives us an average trading volume of 5.64 million if we extend that period to 3-months.
For Planet Labs PBC (PL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.17. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Planet Labs PBC (NYSE:PL) trade information
Upright in the green during last session for gaining 4.37%, in the last five days PL remained trading in the red while hitting it’s week-highest on Thursday, 03/27/25 when the stock touched $3.58 price level, adding 5.79% to its value on the day. Planet Labs PBC’s shares saw a change of -11.39% in year-to-date performance and have moved -6.53% in past 5-day. Planet Labs PBC (NYSE:PL) showed a performance of -12.68% in past 30-days. Number of shares sold short was 6.59 million shares which calculate 1.39 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.3 to the stock, which implies a rise of 43.17% to its current value. Analysts have been projecting 6.3 as a low price target for the stock while placing it at a high target of 6.3. It follows that stock’s current price would drop -75.98% in reaching the projected high whereas dropping to the targeted low would mean a loss of -75.98% for stock’s current value.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 31.85% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 25.45% while estimates for its earnings growth in next 5 years are of 50.49%.
Planet Labs PBC (NYSE:PL)’s Major holders
Insiders are in possession of 4.06% of company’s total shares while institution are holding 57.89 percent of that, with stock having share float percentage of 60.34%. Investors also watch the number of corporate investors in a company very closely, which is 57.89% institutions for Planet Labs PBC that are currently holding shares of the company. ALPHABET INC. is the top institutional holder at PL for having 31.94 million shares of worth $59.41 million. And as of 2024-06-30, it was holding 11.0009 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 14.71 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.1027 of outstanding shares, having a total worth of $27.36 million.
