With 127.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 88.0 million shares. The 52-week range on PLTR shows that it touched its highest point at $125.41 and its lowest point at $20.33 during that stretch. It currently has a 1-year price target of $95.28. Beta for the stock currently stands at 2.81.
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 down-trending over the past week, with a drop of -14.04%, but this was up by 31.85% over a month. Three-month performance surged to 65.44% while six-month performance rose 213.58%. The stock gained 333.12% in the past year, while it has gained 34.01% so far this year. A look at the trailing 12-month EPS for PLTR yields 0.19 with Next year EPS estimates of 0.68. For the next quarter, that number is 0.13. This implies an EPS growth rate of 31.66% for this year and 25.97% for next year.
Float and Shares Shorts:
At present, 2.24 billion PLTR shares are outstanding with a float of 2.12 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLTR since 14 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.40189 being high and $0.36841 being low. For PLTR, this leads to a yearly average estimate of $0.37811. Based on analyst estimates, the high estimate for the next quarter is $0.15 and the low estimate is $0.12. The average estimate for the next quarter is thus $0.13.
