Planet Labs PBC (NYSE: PL) on Tuesday, soared 22.25% from the previous trading day, before settling in for the closing price of $3.82. Within the past 52 weeks, PL’s price has moved between $1.67 and $4.99.
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A company in the Industrials sector has jumped its sales by 23.83% annually for the last half of the decade. The company achieved an average annual earnings per share of 34.21%. With a float of $200.86 million, this company’s outstanding shares have now reached $275.27 million.
In an organization with 1180 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Aerospace & Defense industry stocks is more important than anything else. The insider ownership of Planet Labs PBC is 32.82%, while institutional ownership is 28.44%. 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) Performance Highlights and Predictions
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.
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 5.78.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 3.91 million. That was better than the volume of 3.57 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 48.91%. Additionally, its Average True Range was 0.34.
During the past 100 days, Planet Labs PBC’s (PL) raw stochastic average was set at 90.09%, which indicates a significant decrease from 93.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 105.07% in the past 14 days, which was higher than the 90.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.75, while its 200-day Moving Average is $2.51. However, in the short run, Planet Labs PBC’s stock first resistance to watch stands at $4.90. Second resistance stands at $5.13. The third major resistance level sits at $5.51. If the price goes on to break the first support level at $4.29, it is likely to go to the next support level at $3.91. Assuming the price breaks the second support level, the third support level stands at $3.68.
Planet Labs PBC (NYSE: PL) Key Stats
Market capitalization of the company is 1.40 billion based on 296,709K outstanding shares. Right now, sales total 220,700 K and income totals -140,510 K. The company made 61,270 K in profit during its latest quarter, and -20,080 K in sales during its previous quarter.
