Planet Labs PBC (NYSE: PL) kicked off on Monday, down -9.95% from the previous trading day, before settling in for the closing price of $2.01. Over the past 52 weeks, PL has traded in a range of $1.99-$5.00.
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A company in the Industrials sector has dropped its sales by -4.58% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 6.15%. With a float of $191.64 million, this company’s outstanding shares have now reached $268.12 million.
In an organization with 1180 employees, it is important to assess its efficiency.
Planet Labs PBC (PL) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Aerospace & Defense Industry. The insider ownership of Planet Labs PBC is 34.06%, while institutional ownership is 27.46%. The most recent insider transaction that took place on Apr 01 ’24, was worth 2,530. In this transaction CFO & COO of this company sold 1,000 shares at a rate of $2.53, taking the stock ownership to the 1,957,012 shares. Before that another transaction happened on Mar 01 ’24, when Company’s CFO & COO sold 1,000 for $2.18, making the entire transaction worth $2,180. This insider now owns 838,882 shares in total.
Planet Labs PBC (PL) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 6.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.00% during the next five years compared to 29.42% growth over the previous five years of trading.
Planet Labs PBC (NYSE: PL) Trading Performance Indicators
Take a look at Planet Labs PBC’s (PL) current performance indicators. Last quarter, stock had a quick ratio of 2.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.50, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.11 in one year’s time.
Technical Analysis of Planet Labs PBC (PL)
Let’s dig in a bit further. During the last 5-days, its volume was 1.73 million. That was better than the volume of 1.3 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 5.18%. Additionally, its Average True Range was 0.11.
During the past 100 days, Planet Labs PBC’s (PL) raw stochastic average was set at 1.15%, which indicates a significant increase from 1.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.86% in the past 14 days, which was higher than the 55.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.22, while its 200-day Moving Average is $2.58. However, in the short run, Planet Labs PBC’s stock first resistance to watch stands at $1.95. Second resistance stands at $2.08. The third major resistance level sits at $2.16. If the price goes on to break the first support level at $1.74, it is likely to go to the next support level at $1.66. The third support level lies at $1.53 if the price breaches the second support level.
Planet Labs PBC (NYSE: PL) Key Stats
The company with the Market Capitalisation of 526.02 million has total of 290,620K Shares Outstanding. Its annual sales at the moment are 220,700 K in contrast with the sum of -140,510 K annual income. Company’s last quarter sales were recorded 58,850 K and last quarter income was -30,090 K.
