A new trading day began on Tuesday, with Planet Labs PBC (NYSE: PL) stock price up 1.72% from the previous day of trading, before settling in for the closing price of $1.74. PL’s price has ranged from $1.68 to $5.00 over the past 52 weeks.
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Industrials Sector giant saw their annual sales slid by -4.58% over the last five years. Meanwhile, its annual earnings per share averaged 6.15%. With a float of $191.64 million, this company’s outstanding shares have now reached $268.12 million.
The firm has a total of 1180 workers. Let’s measure their productivity.
Planet Labs PBC (PL) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Aerospace & Defense Industry. The insider ownership of Planet Labs PBC is 34.06%, while institutional ownership is 27.50%. 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) Earnings and Forecasts
In its latest quarterly report, released on 1/31/2024, the company reported earnings of -0.07 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
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
Here are Planet Labs PBC’s current performance indicators. According to the last quarter’s results, the 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 2.33.
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)
Analysing the last 5-days average volume posted by the [Planet Labs PBC, PL], we can find that recorded value of 1.42 million was better than the volume posted last year of 1.32 million. As of the previous 9 days, the stock’s Stochastic %D was 17.12%. Additionally, its Average True Range was 0.11.
During the past 100 days, Planet Labs PBC’s (PL) raw stochastic average was set at 9.09%, which indicates a significant decrease from 18.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.42% in the past 14 days, which was lower than the 55.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.1658, while its 200-day Moving Average is $2.5376. Now, the first resistance to watch is $1.8299. This is followed by the second major resistance level at $1.8899. The third major resistance level sits at $1.9398. If the price goes on to break the first support level at $1.7200, it is likely to go to the next support level at $1.6701. Should the price break the second support level, the third support level stands at $1.6101.
Planet Labs PBC (NYSE: PL) Key Stats
With a market capitalization of 514.40 million, the company has a total of 290,620K Shares Outstanding. Currently, annual sales are 220,700 K while annual income is -140,510 K. The company’s previous quarter sales were 58,850 K while its latest quarter income was -30,090 K.
