Planet Labs PBC (NYSE: PL) on Monday, plunged -2.88% from the previous trading day, before settling in for the closing price of $4.16. Within the past 52 weeks, PL’s price has moved between $1.67 and $4.99.
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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%. The company achieved an average annual earnings per share of 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
Observing investor behavior towards Aerospace & Defense industry stocks is more important than anything else. The insider ownership of Planet Labs PBC is 33.29%, while institutional ownership is 28.95%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 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
Planet Labs PBC (PL) is currently performing well based on its current performance indicators. A quick ratio of 2.32 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 5.03.
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 2.08 million, its volume of 9.52 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 40.07%. Additionally, its Average True Range was 0.31.
During the past 100 days, Planet Labs PBC’s (PL) raw stochastic average was set at 70.59%, which indicates a significant increase from 53.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.15% in the past 14 days, which was lower than the 90.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.79, while its 200-day Moving Average is $2.28. Nevertheless, the first resistance level for the watch stands at $4.38 in the near term. At $4.71, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.93. If the price goes on to break the first support level at $3.83, it is likely to go to the next support level at $3.61. Should the price break the second support level, the third support level stands at $3.28.
Planet Labs PBC (NYSE: PL) Key Stats
Market capitalization of the company is 1.19 billion based on 293,476K outstanding shares. Right now, sales total 220,700 K and income totals -140,510 K. The company made 61,090 K in profit during its latest quarter, and -38,670 K in sales during its previous quarter.
