Let’s look at the key reasons that are pushing Planet Labs PBC (PL) to new highs

A new trading day began on Monday, with Planet Labs PBC (NYSE: PL) stock price down -1.14% from the previous day of trading, before settling in for the closing price of $3.51. PL’s price has ranged from $1.73 to $6.71 over the past 52 weeks.

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Industrials Sector giant saw their annual sales surged by 21.21% over the last five years. Meanwhile, its annual earnings per share averaged 22.60%. With a float of $208.07 million, this company’s outstanding shares have now reached $278.94 million.

The firm has a total of 970 workers. Let’s measure their productivity. In terms of profitability, gross margin is 57.67%, operating margin of -47.52%, and the pretax margin is -49.41%.

Planet Labs PBC (PL) Breakdown of a Key Holders of the stock

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 31.16%, while institutional ownership is 31.73%.

Planet Labs PBC (PL) Recent Fiscal highlights

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 22.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 38.39% during the next five years compared to 31.85% 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 2.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.29.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.42, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.14 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 2.63 million was lower than the volume posted last year of 5.13 million. As of the previous 9 days, the stock’s Stochastic %D was 78.02%. Additionally, its Average True Range was 0.26.

During the past 100 days, Planet Labs PBC’s (PL) raw stochastic average was set at 17.35%, which indicates a significant decrease from 82.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.43% in the past 14 days, which was lower than the 88.88% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.71, while its 200-day Moving Average is $3.39. Now, the first resistance to watch is $3.52. This is followed by the second major resistance level at $3.57. The third major resistance level sits at $3.63. If the price goes on to break the first support level at $3.41, it is likely to go to the next support level at $3.35. Now, if the price goes above the second support level, the third support stands at $3.30.

Planet Labs PBC (NYSE: PL) Key Stats

With a market capitalization of 1.05 billion, the company has a total of 302,251K Shares Outstanding. Currently, annual sales are 244,350 K while annual income is -123,200 K. The company’s previous quarter sales were 61,550 K while its latest quarter income was -35,150 K.