Palantir Technologies Inc (NYSE: PLTR) on Tuesday, soared 0.56% from the previous trading day, before settling in for the closing price of $42.70. Within the past 52 weeks, PLTR’s price has moved between $14.48 and $44.39.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 30.67%. The company achieved an average annual earnings per share of 42.50%. With a float of $2.01 billion, this company’s outstanding shares have now reached $2.10 billion.
Considering the fact that the conglomerate employs 3735 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 81.39%, operating margin of 11.78%, and the pretax margin is 17.66%.
Palantir Technologies Inc (PLTR) Insider Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Palantir Technologies Inc is 10.09%, while institutional ownership is 42.80%. The most recent insider transaction that took place on Oct 11 ’24, was worth 321,392. In this transaction Director of this company sold 7,321 shares at a rate of $43.90, taking the stock ownership to the 138,304 shares. Before that another transaction happened on Oct 11 ’24, when Company’s Director proposed sale 7,321 for $43.52, making the entire transaction worth $318,610.
Palantir Technologies Inc (PLTR) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.07 earnings per share (EPS) for the period topping the consensus outlook (set at 0.06) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 42.50% per share during the next fiscal year.
Palantir Technologies Inc (NYSE: PLTR) Trading Performance Indicators
Palantir Technologies Inc (PLTR) is currently performing well based on its current performance indicators. A quick ratio of 5.92 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 38.79. Likewise, its price to free cash flow for the trailing twelve months is 138.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.17, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.42 in one year’s time.
Technical Analysis of Palantir Technologies Inc (PLTR)
Compared to the last year’s volume of 56.81 million, its volume of 37.14 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 65.22%. Additionally, its Average True Range was 1.46.
During the past 100 days, Palantir Technologies Inc’s (PLTR) raw stochastic average was set at 93.80%, which indicates a significant increase from 79.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.61% in the past 14 days, which was lower than the 48.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.10, while its 200-day Moving Average is $26.40. Nevertheless, the first resistance level for the watch stands at $43.52 in the near term. At $44.10, the stock is likely to face the second major resistance level. The third major resistance level sits at $44.71. If the price goes on to break the first support level at $42.33, it is likely to go to the next support level at $41.72. Should the price break the second support level, the third support level stands at $41.14.
Palantir Technologies Inc (NYSE: PLTR) Key Stats
Market capitalization of the company is 96.16 billion based on 2,226,896K outstanding shares. Right now, sales total 2,225 M and income totals 209,830 K. The company made 678,130 K in profit during its latest quarter, and 134,130 K in sales during its previous quarter.
