$Palantir Technologies Inc.(PLTR)$price on Friday, July 08, rose 0.69% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $10.25.
A look at the stock’s price movement, the level at last check in today’s session was $10.18, moving within a range at $9.75 and $10.28. Turning to its 52-week performance, $29.29 and $6.44 were the 52-week high and 52-week low respectively. Overall, PLTR moved 13.36% over the past month.
Palantir Technologies Inc.’s market cap currently stands at around $20.37 billion, with investors looking forward to this quarter’s earnings report slated for Aug 10, 2022 – Aug 15, 2022.Analysts project the company’s earnings per share (EPS) to be $0.03, which has seen fiscal year 2022 EPS growth forecast to increase to $0.17 and about $0.24 for fiscal year 2023. Per the data, EPS growth is expected to be 30.80% for 2022 and 41.20% for the next financial year.
Analysts have a consensus estimate of $470.93 million for the company’s revenue for the quarter, with a low and high estimate of $470 million and $475.87 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $1.99 billion, representing a 29.10% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that PLTR is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 5 recommend PLTR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell.As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PLTR’s current price about 14.19% and 14.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.22, while 7-day volatility ratio is 6.66% and 6.35% in the 30-day chart.Further, Palantir Technologies Inc. (PLTR) has a beta value of 0, and an average true range (ATR) of 0.60.Analysts have given the company’s stock an average 52-week price target of $10.87, forecast between a low of $6.00 and high of $16.00. Looking at the price targets, the low is 41.46% off recent price level in today’s trading while to achieve the yearly target high, it has to move -56.1%. Nonetheless, investors will most likely welcome a -7.32% jump to $11.00 which is the analysts’ median price.
In the market, a comparison of Palantir Technologies Inc. (PLTR) and its peers suggest the former has performed considerably stronger. Data shows PLTR’s intraday price has changed 0.69% today and -55.53% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.08% and 0.21% respectively on the day as seen in early trades.
If we refocus on Palantir Technologies Inc. (NYSE:PLTR), historical trading data shows that trading volumes averaged 45.63 million over the past 10 days and 42.67 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.04 billion shares.
The 0.40% of Palantir Technologies Inc.’s shares are in the hands of company insiders while institutional holders own 33.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 104.0 million on Jun 14, 2022, giving us a short ratio of 2.88. The data shows that as of Jun 14, 2022 short interest in Palantir Technologies Inc. (PLTR) stood at 5.08% of shares outstanding, with shares short falling to 131.53 million registered in May 12, 2022.Current price change has pushed the stock -44.10% YTD, which shows the potential for further growth is there.It is this reason that could see investor optimism for the PLTR stock continues to rise going into the next quarter.
source: stocksregister
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