Planet Labs PBC (PL) concluded trading on Thursday at a closing price of $2.16, with 2.66 million shares of worth about $5.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.35% during that period and on July 18, 2024 the price saw a loss of about -8.86%. Currently the company’s common shares owned by public are about 268.12M shares, out of which, 192.12M shares are available for trading.
Stock saw a price change of 10.20% in past 5 days and over the past one month there was a price change of 15.51%. Year-to-date (YTD), PL shares are showing a performance of -12.55% which decreased to -38.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.67 but also hit the highest price of $3.77 during that period. The average intraday trading volume for Planet Labs PBC shares is 1.48 million. The stock is currently trading 12.62% above its 20-day simple moving average (SMA20), while that difference is up 11.88% for SMA50 and it goes to -0.37% lower than SMA200.
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Planet Labs PBC (NYSE: PL) currently have 268.12M outstanding shares and institutions hold larger chunk of about 26.89% of that.
The stock has a current market capitalization of $628.06M and its 3Y-monthly beta is at 1.02. It has posted earnings per share of -$0.48 in the same period. It has Quick Ratio of 2.72 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 7.72% while standing at 5.64% over the month.
Stock’s fiscal year EPS is expected to rise by 4.78% while it is estimated to increase by 39.97% in next year. EPS is likely to shrink at an annualized rate of 25.00% for next 5-years, compared to annual growth of 35.30% made by the stock over the past 5-years.
Coverage by JMP Securities stated Planet Labs PBC (PL) stock as a Mkt outperform in their note to investors on May 02, 2023, suggesting a price target of $5.50 for the stock. On April 18, 2023, Citigroup Initiated their recommendations, while on January 23, 2023, Morgan Stanley Initiated their ratings for the stock with a price target of $6. Stock get a Buy rating from Deutsche Bank on November 07, 2022.
