Currently, there are 2.10B common shares owned by the public and among those 1.91B shares have been available to trade.
The company’s stock has a 5-day price change of 3.08% and 22.90% over the past three months. PLTR shares are trading 63.48% year to date (YTD), with the 12-month market performance up to 69.20% higher. It has a 12-month low price of $13.68 and touched a high of $28.59 over the same period. PLTR has an average intraday trading volume of 43.32 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 10.04%, 20.05%, and 35.89% respectively.
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Institutional ownership of Palantir Technologies Inc (NYSE: PLTR) shares accounts for 40.11% of the company’s 2.10B shares outstanding.
It has a market capitalization of $62.51B and a beta (3y monthly) value of 2.70. The stock’s trailing 12-month PE ratio is 221.55, while the earnings-per-share (ttm) stands at $0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.38% over the week and 4.41% over the month.
Earnings per share for the fiscal year are expected to increase by 31.62%, and 20.46% 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 June 21, 2024, with the firm’s price target at $20. Argus coverage for the Palantir Technologies Inc (PLTR) stock in a research note released on June 17, 2024 offered a Buy rating with a price target of $29. Monness Crespi & Hardt was of a view on April 26, 2024 that the stock is Neutral, while Monness Crespi & Hardt gave the stock Sell rating on March 28, 2024, issuing a price target of $20. HSBC Securities on their part issued Hold rating on February 14, 2024.
