A new trading day began on Monday, with Planet Labs PBC (NYSE: PL) stock price up 14.76% from the previous day of trading, before settling in for the closing price of $3.93. PL’s price has ranged from $1.67 to $4.01 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 23.83%. Meanwhile, its annual earnings per share averaged 10.11%. With a float of $195.79 million, this company’s outstanding shares have now reached $272.32 million.
Considering the fact that the conglomerate employs 1180 people, you should pay attention to its efficiency factor. 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 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 33.29%, while institutional ownership is 28.92%. 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 7/31/2024, the company reported earnings of -0.05 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 -0.04 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
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 5.78.
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)
Compared to the last year’s volume of 1.92 million, its volume of 6.17 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 94.06%. Additionally, its Average True Range was 0.24.
During the past 100 days, Planet Labs PBC’s (PL) raw stochastic average was set at 97.17%, which indicates a significant increase from 96.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.78% in the past 14 days, which was lower than the 91.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.59, while its 200-day Moving Average is $2.23. Nevertheless, the first resistance level for the watch stands at $4.71 in the near term. At $4.91, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.23. If the price goes on to break the first support level at $4.19, it is likely to go to the next support level at $3.87. Should the price break the second support level, the third support level stands at $3.67.
Planet Labs PBC (NYSE: PL) Key Stats
With a market capitalization of 1.36 billion, the company has a total of 293,476K 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.
