Planet Labs PBC (NYSE: PL) on May 22, 2023, started off the session at the price of $4.19, soaring 3.82% from the previous trading day. During the day, the shares moved up to $4.36 and dropped to $4.18 before settling in for the closing price of $4.19. Within the past 52 weeks, PL’s price has moved between $3.29 and $7.51.
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The company achieved an average annual earnings per share of -9.10%. With a float of $262.35 million, this company’s outstanding shares have now reached $270.19 million.
The extent of productivity of a business whose workforce counts for 930 workers is very important to gauge.
Planet Labs PBC (PL) Insider Updates
Observing investor behavior towards Aerospace & Defense industry stocks is more important than anything else. The insider ownership of Planet Labs PBC is 0.60%, while institutional ownership is 57.00%. The most recent insider transaction that took place on May 01, was worth 4,100. In this transaction CFO & COO of this company sold 1,000 shares at a rate of $4.10, taking the stock ownership to the 939,154 shares. Before that another transaction happened on Apr 06, when Company’s CFO & COO sold 1,000 for $3.84, making the entire transaction worth $3,840. This insider now owns 942,212 shares in total.
Planet Labs PBC (PL) Performance Highlights and Predictions
As on 1/30/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.14 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.16) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -9.10% per share during the next fiscal year.
Planet Labs PBC (NYSE: PL) Trading Performance Indicators
Planet Labs PBC (PL) is currently performing well based on its current performance indicators. A quick ratio of 3.90 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.61, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.28 in one year’s time.
Technical Analysis of Planet Labs PBC (PL)
The latest stats from [Planet Labs PBC, PL] show that its last 5-days average volume of 1.06 million was inferior to 1.62 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 87.55%. Additionally, its Average True Range was 0.17.
During the past 100 days, Planet Labs PBC’s (PL) raw stochastic average was set at 56.08%, which indicates a significant decrease from 98.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.70% in the past 14 days, which was lower than the 50.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.95, while its 200-day Moving Average is $4.90. Now, the first resistance to watch is $4.41. This is followed by the second major resistance level at $4.48. The third major resistance level sits at $4.59. If the price goes on to break the first support level at $4.23, it is likely to go to the next support level at $4.12. Assuming the price breaks the second support level, the third support level stands at $4.05.
Planet Labs PBC (NYSE: PL) Key Stats
Market capitalization of the company is 1.21 billion based on 274,967K outstanding shares. Right now, sales total 191,260 K and income totals -161,970 K. The company made 52,980 K in profit during its latest quarter, and -37,840 K in sales during its previous quarter.
