The trading price of Palantir Technologies Inc (NYSE:PLTR) closed lower on Friday, April 19, closing at $20.47, -3.12% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 226.69. In examining the 52-week price action we see that the stock hit a 52-week high of $27.50 and a 52-week low of $7.28. Over the past month, the stock has lost -16.69% in value.
Palantir Technologies Inc, whose market valuation is $45.29 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Palantir Technologies Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest PLTR has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that PLTR’s price is currently -10.86% off the SMA20 and -14.20% off the SMA50. The RSI metric on the 14-day chart is currently showing 30.02, and weekly volatility stands at 4.49%. When measured over the past 30 days, the indicator reaches 3.98%. Palantir Technologies Inc (NYSE:PLTR)’s beta value is currently sitting at 2.76, while the Average True Range indicator is currently displaying 0.97.
To see how Palantir Technologies Inc stock has been performing in comparison to its peers in the industry, here are the numbers: PLTR stock’s performance was -3.12% in the latest trading, and 141.11% in the past year. Palantir Technologies Inc has a P/E ratio of 226.69.
An evaluation of the daily trading volume of Palantir Technologies Inc (NYSE:PLTR) indicates that the 3-month average is 69.75 million.
Currently, records show that 2.10 billion of the company’s shares remain outstanding. The insiders hold 15.31% of outstanding shares, whereas institutions hold 39.63%. However, since the stock’s price has seen 19.22% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
