Planet Labs PBC (PL) average volume reaches $6.04M: Is Wall Street expecting a rally?

On Friday, Planet Labs PBC (NYSE: PL) was -2.91% drop from the session before settling in for the closing price of $6.18. A 52-week range for PL has been $1.67 – $6.55.

Industrials Sector giant saw their annual sales surged by 23.83% over the last five years. When this article was written, the company’s average yearly earnings per share was at 37.08%. With a float of $200.45 million, this company’s outstanding shares have now reached $275.27 million.

The firm has a total of 1180 workers. Let’s measure their productivity. 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

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Planet Labs PBC stocks. The insider ownership of Planet Labs PBC is 32.82%, while institutional ownership is 28.83%. 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 37.08% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 45.94% 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

You can see what Planet Labs PBC (PL) is doing with its current performance indicators. In the most recent 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 7.42.

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)

Analysing the last 5-days average volume posted by the [Planet Labs PBC, PL], we can find that recorded value of 6.96 million was better than the volume posted last year of 6.74 million. As of the previous 9 days, the stock’s Stochastic %D was 77.10%. Additionally, its Average True Range was 0.45.

During the past 100 days, Planet Labs PBC’s (PL) raw stochastic average was set at 87.86%, which indicates a significant increase from 77.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 108.28% in the past 14 days, which was higher than the 73.45% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.47, while its 200-day Moving Average is $2.76. Now, the first resistance to watch is $6.20. This is followed by the second major resistance level at $6.40. The third major resistance level sits at $6.53. If the price goes on to break the first support level at $5.87, it is likely to go to the next support level at $5.74. Should the price break the second support level, the third support level stands at $5.54.

Planet Labs PBC (NYSE: PL) Key Stats

There are 296,709K outstanding shares of the company, which has a market capitalization of 1.79 billion. As of now, sales total 220,700 K while income totals -140,510 K. Its latest quarter income was 61,270 K while its last quarter net income were -20,080 K.