Palantir Technologies Inc (NYSE:PLTR) shares, rose in value, with the stock price down by -0.23% to the previous day’s close as strong demand from buyers drove the stock to $21.59.
Actively observing the price movement in the last trading, the stock closed the session at $21.64. The PE ratio was 239.09 over 12-month period. Referring to stock’s 52-week performance, its high was $27.50, and the low was $7.28. On the whole, PLTR has fluctuated by -11.91% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PLTR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PLTR currently trading nearly -3.87% and -8.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.34, while the 7-day volatility ratio is showing 4.17% which for the 30-day chart, stands at 4.17%. Furthermore, Palantir Technologies Inc (PLTR)’s beta value is 2.77, and its average true range (ATR) is 0.96.
A comparison of Palantir Technologies Inc (PLTR) with its peers suggests the former has fared considerably weaker in the market. PLTR showed an intraday change of -0.23% in last session, and over the past year, it grew by 166.54%%.
Data on historical trading for Palantir Technologies Inc (NYSE:PLTR) indicates that the trading volumes over the past 3 months, they’ve averaged 68.85 million. According to company’s latest data on outstanding shares, there are 2.10 billion shares outstanding.
Nearly 15.31% of Palantir Technologies Inc’s shares belong to company insiders and institutional investors own 39.58% of the company’s shares. The stock has risen by 25.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PLTR stock heading into the next quarter.
