Some Investing Thoughts On Planet Labs PBC (NYSE: PL)

Planet Labs PBC (PL) concluded trading on 12/21/23 at a closing price of $2.37, with 2.05 million shares of worth about $4.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.80% during that period and on Thursday the price saw a gain of about 0.85%. Currently the company’s common shares owned by public are about 250.63M shares, out of which, 167.32M shares are available for trading.

Planet Labs PBC (NYSE: PL) started trading at $2.36, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 2.4100, or with a gain of 0.85%. Stock saw a price change of -5.95% in past 5 days and over the past one month there was a price change of 0.42%. Year-to-date (YTD), PL shares are showing a performance of -45.52% which decreased to -50.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.04 but also hit the highest price of $5.18 during that period. The average intraday trading volume for Planet Labs PBC shares is 1.45 million. The stock is currently trading -3.74% below its 20-day simple moving average (SMA20), while that difference is up 1.81% for SMA50 and it goes to -26.88% lower than SMA200.

Planet Labs PBC (NYSE: PL) currently have 250.63M outstanding shares and institutions hold larger chunk of about 26.52% of that.

The stock has a current market capitalization of $677.01M and its 3Y-monthly beta is at 0.75. It has posted earnings per share of -$0.54 in the same period. It has Quick Ratio of 2.94 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PL, volatility over the week remained 5.05% while standing at 5.03% over the month.

Analysts are in expectations that Planet Labs PBC (PL) stock would likely to be making an EPS of $Meta Platforms, Inc. in the current quarter, while forecast for next quarter EPS is $354.09 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Plug Power, Inc. which is $Riot Platforms, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Arm Holdings plc in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 16.78% while it is estimated to increase by 20.62% in next year. EPS is likely to shrink at an annualized rate of 25.00% for next 5-years, compared to annual growth of 32.20% made by the stock over the past 5-years.

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