Planet Labs PBC (PL) recent quarterly performance of -8.62% is not showing the real picture

As on May 25, 2023, Planet Labs PBC (NYSE: PL) started slowly as it slid -2.53% to $4.24. During the day, the stock rose to $4.50 and sunk to $4.22 before settling in for the price of $4.35 at the close. Taking a more long-term approach, PL posted a 52-week range of $3.29-$7.51.

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Nevertheless, stock’s Earnings Per Share (EPS) this year is -9.10%. This publicly-traded company’s shares outstanding now amounts to $270.19 million, simultaneously with a float of $262.35 million. The organization now has a market capitalization sitting at $1.18 billion. At the time of writing, stock’s 50-day Moving Average stood at $3.96, while the 200-day Moving Average is $4.88.

Planet Labs PBC (PL) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Aerospace & Defense industry. Planet Labs PBC’s current insider ownership accounts for 0.60%, in contrast to 57.00% institutional ownership. According to the most recent insider trade that took place on May 01, this organization’s CFO & COO sold 1,000 shares at the rate of 4.10, making the entire transaction reach 4,100 in total value, affecting insider ownership by 939,154. Preceding that transaction, on Apr 06, Company’s CFO & COO sold 1,000 for 3.84, making the whole transaction’s value amount to 3,840. This particular insider is now the holder of 942,212 in total.

Planet Labs PBC (PL) Earnings and Revenue Records

If we go through the results of last quarter, which was made public on 1/30/2023, the company posted -$0.14 earnings per share (EPS) for the quarter, besting the agreed prediction (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.

Planet Labs PBC’s EPS decrease for this current 12-month fiscal period is -9.10% and is forecasted to reach -0.28 in the upcoming year.

Planet Labs PBC (NYSE: PL) Trading Performance Indicators

Let’s observe the current performance indicators for Planet Labs PBC (PL). It’s Quick Ratio in the last reported quarter now stands at 3.90. The Stock has managed to achieve an average true range (ATR) of 0.18. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 6.18.

In the same vein, PL’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.61, a figure that is expected to reach -0.12 in the next quarter, and analysts are predicting that it will be -0.28 at the market close of one year from today.

Technical Analysis of Planet Labs PBC (PL)

Through scrutinizing the latest numbers posted by the [Planet Labs PBC, PL], it can be observed that its last 5-days Average volume of 1.12 million was lower the volume of 1.61 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 61.39% While, its Average True Range was 0.18.

Raw Stochastic average of Planet Labs PBC (PL) in the period of the previous 100 days is set at 50.26%, which indicates a major fall in contrast to 60.87% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 37.66% that was lower than 49.99% volatility it exhibited in the past 100-days period.