Palantir Technologies Inc (PLTR) Volatility Spurs A Quest For Clarity

Currently, there are 2.10B common shares owned by the public and among those 1.87B shares have been available to trade.

However, the script later moved the day high at 24.28, down -6.12%. The company’s stock has a 5-day price change of -6.04% and 31.71% over the past three months. PLTR shares are trading 34.01% year to date (YTD), with the 12-month market performance up to 187.63% higher. It has a 12-month low price of $7.28 and touched a high of $27.50 over the same period. PLTR has an average intraday trading volume of 70.81 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.93%, 3.45%, and 27.28% respectively.

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Institutional ownership of Palantir Technologies Inc (NYSE: PLTR) shares accounts for 39.39% of the company’s 2.10B shares outstanding.

It has a market capitalization of $50.91B and a beta (3y monthly) value of 2.79. The stock’s trailing 12-month PE ratio is 254.82, while the earnings-per-share (ttm) stands at $0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.84% over the week and 4.38% over the month.

Analysts forecast that Palantir Technologies Inc (PLTR) will achieve an EPS of $0.08 for the current quarter, $0.08 for the next quarter and $0.4 for 2025. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was $0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 32.10%, and 20.32% over the next financial year.

Looking at the support for the PLTR, a number of firms have released research notes about the stock. Monness Crespi & Hardt stated their Sell rating for the stock in a research note on March 28, 2024, with the firm’s price target at $20. HSBC Securities coverage for the Palantir Technologies Inc (PLTR) stock in a research note released on February 14, 2024 offered a Hold rating with a price target of $22. Jefferies was of a view on February 06, 2024 that the stock is Hold, while Citigroup gave the stock Neutral rating on February 06, 2024, issuing a price target of $10- $20. Jefferies on their part issued Underperform rating on January 05, 2024.

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