With 57.0 million shares changed hands, the volume of the stock remained heavier than its average volume of 44.48 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $30.8498 whereas the lowest price it dropped to was $29.56. The 52-week range on PLTR shows that it touched its highest point at $31.20 and its lowest point at $13.68 during that stretch. It currently has a 1-year price target of $24.63. Beta for the stock currently stands at 2.64.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLTR was up-trending over the past week, with a rise of 14.29%, but this was up by 6.00% over a month. Three-month performance surged to 45.13% while six-month performance rose 21.32%. The stock gained 97.21% in the past year, while it has gained 76.99% so far this year. A look at the trailing 12-month EPS for PLTR yields 0.17 with Next year EPS estimates of 0.43. For the next quarter, that number is 0.09. This implies an EPS growth rate of 40.89% for this year and 21.88% for next year.
Float and Shares Shorts:
At present, 2.10 billion PLTR shares are outstanding with a float of 1.97 billion shares on hand for trading. On 2024-07-31, short shares totaled 63.45 million, which was 282.99998 higher than short shares on 1719532800. In addition to Mr. Peter Andreas Thiel as the firm’s Co-Founder & Chairman, Dr. Alexander C. Karp serves as its Co-Founder, CEO & Director.
Institutional Ownership:
Through their ownership of 0.41877997 of PLTR’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, PLTR reported revenue of $678134000.0 and operating income of $105339000.0. The EBITDA in the recently reported quarter was $113395000.0 and diluted EPS was $0.06.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLTR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
