Palantir Stock- What Do Analysts Say About Palantir Technologies Inc. (PLTR)? – The Baxter Report
How have the shares performed?
Palantir Technologies Inc. (PLTR) saw an uptrend of 0.91% in the recent trading with $23.29 being its most recent. The current price level -48.24% lower than the highest price of $45.00 marked by the stock while trading over the past 52-weeks, whereas it is 161.69% higher than the lowest price of $8.90 the company dropped to over past 52-weeks. The latest news story on PLTR appeared in InvestorPlace under the title “Look to Buy Palantir, Since PLTR Stock Wont Stay Down for Long” on Jul-09-21.
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Squeezing the time span to 30 day period shows us the stock is currently trading -15.31% below one month high and is +4.67% above of the lowest during that time. Looking into the simple moving average, Palantir Technologies Inc. (PLTR)’s stock stands at a SMA-50 of $23.15 while that of 5-day is reading $23.68.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 9 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.20 for the stock.
Palantir Technologies Inc. Earnings – What Happened With PLTR
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $341.23 billion.
PLTR – Palantir Technologies Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 1.82 billion. PLTR does have institutional investors; and they hold 17.10% of the stock.
Palantir Technologies Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 36 new insider purchases involving 12,254,064 shares. On the other hand, PLTR declared 42,464,898 shares have been sold in 125 insider transactions over the past three months.
Currently, the stock has been recommended as Hold by 9 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.20 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Palantir Technologies Inc. was 3.74 while posting a debt to equity ratio of 0.11. The count was 28.10 for long-term debt to equity ratio.