With 90.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 105.08 million shares. The 52-week range on PLTR shows that it touched its highest point at $134.48 and its lowest point at $21.00 during that stretch. It currently has a 1-year price target of $104.76. Beta for the stock currently stands at 2.64.
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 7.93%, but this was up by 7.15% over a month. Three-month performance surged to 57.78% while six-month performance rose 101.62%. The stock gained 512.84% in the past year, while it has gained 76.08% so far this year. A look at the trailing 12-month EPS for PLTR yields 0.23 with Next year EPS estimates of 0.73. For the next quarter, that number is 0.14. This implies an EPS growth rate of 42.24% for this year and 26.03% for next year.
Float and Shares Shorts:
At present, 2.26 billion PLTR shares are outstanding with a float of 2.14 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 $0.40561 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 $0.16 and the low estimate is $0.14. The average estimate for the next quarter is thus $0.14.
