Is Now A Good Time To Invest In Palantir Technologies Inc. ?

JustinCooper
2022-05-13

$Palantir Technologies Inc.(PLTR)$

Palantir Technologies Inc. (NYSE:PLTR) shares, rose in value on Wednesday, 05/11/22, with the stock price down by -7.96% to the previous day’s close as strong demand from buyers drove the stock to $6.71.

Actively observing the price movement in the last trading, the stock closed the session at $7.29, falling within a range of $6.66 and $7.54. Referring to stock’s 52-week performance, its high was $29.29, and the low was $6.93. On the whole, PLTR has fluctuated by -47.00% over the past month.

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With the market capitalization of Palantir Technologies Inc. currently standing at about $14.65 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 14, 2022 – Feb 18, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.04, which is expected to increase to $0.05 for fiscal year $0.15 and then to about $0.2 by fiscal year 2022. Data indicates that the EPS growth is expected to be -25.00% in 2022, while the next year’s EPS growth is forecast to be 33.30%.

Analysts have estimated the company’s revenue for the quarter at $413.99 million, with a low estimate of $396.01 million and a high estimate of $418.1 million. According to the average forecast, sales growth in current quarter could jump up 28.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $1.53 billion, representing an increase of 39.80% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PLTR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

12 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 5 analyst(s), 4 recommend it as a Buy and 0 called the PLTR stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 3 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PLTR currently trading nearly -39.46% and -43.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 21.90, while the 7-day volatility ratio is showing 9.30% which for the 30-day chart, stands at 7.08%. Furthermore, Palantir Technologies Inc. (PLTR)’s average true range (ATR) is 0.85. The company’s stock has been forecasted to trade at an average price of $10.72 over the course of the next 52 weeks, with a low of $6.00 and a high of $16.00. Based on these price targets, the low is 10.58% off current price, whereas the price has to move -138.45% to reach the yearly target high. Additionally, analysts’ median price of $11.00 is likely to be welcomed by investors because it represents a decrease of -63.93% from the current levels.

Data on historical trading for Palantir Technologies Inc. (NYSE:PLTR) indicates that the trading volumes over the past 10 days have averaged 62.72 million and over the past 3 months, they’ve averaged 50.69 million. According to company’s latest data on outstanding shares, there are 2.01 billion shares outstanding.

Nearly 0.70% of Palantir Technologies Inc.’s shares belong to company insiders and institutional investors own 32.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 114.12 million shares as on Jan 30, 2022, resulting in a short ratio of 2.22. According to the data, the short interest in Palantir Technologies Inc. (PLTR) stood at 5.69% of shares outstanding as of Jan 30, 2022; the number of short shares registered in Dec 30, 2021 reached 102.09 million. The stock has fallen by -63.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PLTR stock heading into the next quarter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • WooSM
    2022-05-13
    WooSM
    Yes good time ave in
  • Joker_Smile
    2022-05-13
    Joker_Smile
    they are good, but always disappoint.
  • K734
    2022-05-15
    K734
    Thanks for sharing
  • CAPKHOO
    2022-05-14
    CAPKHOO
    your guess is as good as mine
  • Brando741319
    2022-05-13
    Brando741319
    Good investment
  • FK1234
    2022-05-15
    FK1234
    💪
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