Planet Labs PBC (NYSE:PL) shares, rose in value, with the stock price up by 2.82% to the previous day’s close as strong demand from buyers drove the stock to $1.82.
Actively observing the price movement in the last trading, the stock closed the session at $1.77. Referring to stock’s 52-week performance, its high was $5.00, and the low was $1.68. On the whole, PL has fluctuated by -26.91% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PL currently trading nearly -11.26% and -15.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.05, while the 7-day volatility ratio is showing 5.46% which for the 30-day chart, stands at 5.46%. Furthermore, Planet Labs PBC (PL)’s beta value is 0.90, and its average true range (ATR) is 0.11.
A comparison of Planet Labs PBC (PL) with its peers suggests the former has fared considerably weaker in the market. PL showed an intraday change of 2.82% in last session, and over the past year, it shrunk by -55.17%%.
Data on historical trading for Planet Labs PBC (NYSE:PL) indicates that the trading volumes over the past 3 months, they’ve averaged 1.33 million. According to company’s latest data on outstanding shares, there are 268.12 million shares outstanding.
Nearly 34.06% of Planet Labs PBC’s shares belong to company insiders and institutional investors own 27.50% of the company’s shares. The stock has fallen by -26.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PL stock heading into the next quarter.
