Palantir Technologies Inc (NYSE:PLTR) price on Wednesday, May 09, rose 0.75% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $21.56.
A look at the stock’s price movement, the close in the last trading session was $21.40. The PE ratio in trailing twelve months stood at 170.17. Turning to its 52-week performance, $27.50 and $7.59 were the 52-week high and 52-week low respectively. Overall, PLTR moved -5.48% over the past month.
Palantir Technologies Inc’s market cap currently stands at around $48.01 billion.
Analysts have a consensus estimate of 650.42M for the company’s revenue for the quarter, with a low and high estimate of 641M and 657.36M respectively. The average forecast suggests up to a 22.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.69B, representing a 21.10% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PLTR is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
PLTR’s current price about -2.54% and -7.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.22, while 7-day volatility ratio is 4.20% and 4.09% in the 30-day chart. Further, Palantir Technologies Inc (PLTR) has a beta value of 2.73, and an average true range (ATR) of 1.18.
If we refocus on Palantir Technologies Inc (NYSE:PLTR), historical trading data shows that trading volumes averaged 60.91 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.10 billion shares.
The 15.07% of Palantir Technologies Inc’s shares are in the hands of company insiders while institutional holders own 39.57% of the company’s shares. Current price change has pushed the stock 25.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PLTR stock continues to rise going into the next quarter.
