A new trading day began on Monday, with Planet Labs PBC (NYSE: PL) stock price down -1.72% from the previous day of trading, before settling in for the closing price of $2.32. PL’s price has ranged from $1.67 to $2.89 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 23.83% over the past five years. Meanwhile, its annual earnings per share averaged 10.84%. With a float of $195.96 million, this company’s outstanding shares have now reached $268.12 million.
Let’s look at the performance matrix of the company that is accounted for 1180 employees. In terms of profitability, gross margin is 52.46%, operating margin of -60.82%, and the pretax margin is -57.17%.
Planet Labs PBC (PL) Insider Updates
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 33.23%, while institutional ownership is 25.69%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 10.84% 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 35.30% 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 2.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.47, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.13 in one year’s time.
Technical Analysis of Planet Labs PBC (PL)
Planet Labs PBC (NYSE: PL) saw its 5-day average volume 1.73 million, a negative change from its year-to-date volume of 1.73 million. As of the previous 9 days, the stock’s Stochastic %D was 75.00%. Additionally, its Average True Range was 0.12.
During the past 100 days, Planet Labs PBC’s (PL) raw stochastic average was set at 47.41%, which indicates a significant decrease from 68.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.89% in the past 14 days, which was lower than the 89.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.28, while its 200-day Moving Average is $2.14. Nevertheless, the first resistance level for the watch stands at $2.34 in the near term. At $2.40, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.46. If the price goes on to break the first support level at $2.22, it is likely to go to the next support level at $2.16. Assuming the price breaks the second support level, the third support level stands at $2.10.
Planet Labs PBC (NYSE: PL) Key Stats
With a market capitalization of 669.13 million, the company has a total of 290,772K Shares Outstanding. Currently, annual sales are 220,700 K while annual income is -140,510 K. The company’s previous quarter sales were 61,090 K while its latest quarter income was -38,670 K.
