Planet Labs PBC (NYSE: PL) kicked off on Monday, up 7.69% from the previous trading day, before settling in for the closing price of $3.51. Over the past 52 weeks, PL has traded in a range of $1.67-$3.54.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 23.83%. While this was happening, its average annual earnings per share was recorded 10.11%. With a float of $195.79 million, this company’s outstanding shares have now reached $268.12 million.
The extent of productivity of a business whose workforce counts for 1180 workers is very important to gauge. In terms of profitability, gross margin is 52.46%, operating margin of -66.14%, and the pretax margin is -57.17%.
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 33.29%, while institutional ownership is 28.89%. 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
In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported -0.05 earnings per share (EPS), higher than consensus estimate (set at -0.08) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.11% 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
Take a look at Planet Labs PBC’s (PL) current performance indicators. Last quarter, 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 4.71.
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)
The latest stats from [Planet Labs PBC, PL] show that its last 5-days average volume of 4.44 million was superior to 1.85 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 94.10%. Additionally, its Average True Range was 0.20.
During the past 100 days, Planet Labs PBC’s (PL) raw stochastic average was set at 97.16%, which indicates a significant increase from 96.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.25% in the past 14 days, which was lower than the 90.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.44, while its 200-day Moving Average is $2.19. Now, the first resistance to watch is $3.91. This is followed by the second major resistance level at $4.04. The third major resistance level sits at $4.24. If the price goes on to break the first support level at $3.58, it is likely to go to the next support level at $3.38. The third support level lies at $3.25 if the price breaches the second support level.
Planet Labs PBC (NYSE: PL) Key Stats
The company with the Market Capitalisation of 1.11 billion has total of 293,476K 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 61,090 K and last quarter income was -38,670 K.
