On Friday, Planet Labs PBC (NYSE: PL) opened lower -3.10% from the last session, before settling in for the closing price of $4.52. Price fluctuations for PL have ranged from $1.67 to $4.99 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 23.83%. Company’s average yearly earnings per share was noted 34.21% at the time writing. With a float of $198.30 million, this company’s outstanding shares have now reached $275.27 million.
Let’s determine the extent of company efficiency that accounts for 1180 employees. In terms of profitability, gross margin is 55.94%, operating margin of -54.08%, and the pretax margin is -48.5%.
Planet Labs PBC (PL) Insider Activity
A key investor’s attitude towards the stock of the Aerospace & Defense industry is another important factor to consider. The insider ownership of Planet Labs PBC is 33.17%, while institutional ownership is 28.62%. 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 -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 34.21% 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
Check out the current performance indicators for Planet Labs PBC (PL). In the past quarter, the stock posted a quick ratio of 2.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.41, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach -0.08 in one year’s time.
Technical Analysis of Planet Labs PBC (PL)
Looking closely at Planet Labs PBC (NYSE: PL), its last 5-days average volume was 6.65 million, which is a jump from its year-to-date volume of 2.27 million. As of the previous 9 days, the stock’s Stochastic %D was 73.19%. Additionally, its Average True Range was 0.34.
During the past 100 days, Planet Labs PBC’s (PL) raw stochastic average was set at 81.11%, which indicates a significant increase from 75.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.01% in the past 14 days, which was lower than the 89.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.28, while its 200-day Moving Average is $2.40. However, in the short run, Planet Labs PBC’s stock first resistance to watch stands at $4.56. Second resistance stands at $4.75. The third major resistance level sits at $4.89. If the price goes on to break the first support level at $4.23, it is likely to go to the next support level at $4.09. Should the price break the second support level, the third support level stands at $3.90.
Planet Labs PBC (NYSE: PL) Key Stats
There are currently 296,709K shares outstanding in the company with a market cap of 1.26 billion. Presently, the company’s annual sales total 220,700 K according to its annual income of -140,510 K. Last quarter, the company’s sales amounted to 61,270 K and its income totaled -20,080 K.
