On Friday, Palantir Technologies Inc (NYSE: PLTR) opened higher 2.98% from the last session, before settling in for the closing price of $43.56. Price fluctuations for PLTR have ranged from $14.48 to $44.39 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 30.67%. Company’s average yearly earnings per share was noted 42.50% at the time writing. With a float of $2.01 billion, this company’s outstanding shares have now reached $2.10 billion.
Let’s determine the extent of company efficiency that accounts for 3735 employees. 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
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Palantir Technologies Inc is 10.08%, while institutional ownership is 42.83%. The most recent insider transaction that took place on Oct 25 ’24, was worth 74,349,994. Before that another transaction happened on Oct 25 ’24, when Company’s Officer proposed sale 123,334 for $43.56, making the entire transaction worth $5,372,429.
Palantir Technologies Inc (PLTR) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.07 earnings per share (EPS) for the quarter, besting the agreed prediction (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
Check out the current performance indicators for Palantir Technologies Inc (PLTR). In the past quarter, the stock posted a quick ratio of 5.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 40.53. Likewise, its price to free cash flow for the trailing twelve months is 144.26.
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)
Looking closely at Palantir Technologies Inc (NYSE: PLTR), its last 5-days average volume was 35.73 million, which is a drop from its year-to-date volume of 56.57 million. As of the previous 9 days, the stock’s Stochastic %D was 76.76%. Additionally, its Average True Range was 1.45.
During the past 100 days, Palantir Technologies Inc’s (PLTR) raw stochastic average was set at 99.12%, which indicates a significant increase from 96.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.80% in the past 14 days, which was lower than the 48.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.87, while its 200-day Moving Average is $26.80. However, in the short run, Palantir Technologies Inc’s stock first resistance to watch stands at $45.40. Second resistance stands at $45.95. The third major resistance level sits at $46.83. If the price goes on to break the first support level at $43.98, it is likely to go to the next support level at $43.10. Should the price break the second support level, the third support level stands at $42.56.
Palantir Technologies Inc (NYSE: PLTR) Key Stats
There are currently 2,226,896K shares outstanding in the company with a market cap of 100.46 billion. Presently, the company’s annual sales total 2,225 M according to its annual income of 209,830 K. Last quarter, the company’s sales amounted to 678,130 K and its income totaled 134,130 K.
