Currently, there are 2.10B common shares owned by the public and among those 1.97B shares have been available to trade.
The company’s stock has a 5-day price change of 4.52% and 56.04% over the past three months. PLTR shares are trading 116.66% year to date (YTD), with the 12-month market performance up to 152.37% higher. It has a 12-month low price of $13.68 and touched a high of $37.35 over the same period. PLTR has an average intraday trading volume of 50.89 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 12.64%, 22.73%, and 56.35% respectively.
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Institutional ownership of Palantir Technologies Inc (NYSE: PLTR) shares accounts for 40.52% of the company’s 2.10B shares outstanding.
It has a market capitalization of $83.31B and a beta (3y monthly) value of 2.71. The stock’s trailing 12-month PE ratio is 218.95, while the earnings-per-share (ttm) stands at $0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.63% over the week and 3.79% over the month.
Earnings per share for the fiscal year are expected to increase by 41.80%, and 18.99% over the next financial year.
Looking at the support for the PLTR, a number of firms have released research notes about the stock. Northland Capital stated their Market Perform rating for the stock in a research note on August 22, 2024, with the firm’s price target at $35. Monness Crespi & Hardt coverage for the Palantir Technologies Inc (PLTR) stock in a research note released on August 06, 2024 offered a Sell rating with a price target of $18. Mizuho was of a view on July 16, 2024 that the stock is Underperform, while Monness Crespi & Hardt gave the stock Sell rating on June 21, 2024, issuing a price target of $20. Argus on their part issued Buy rating on June 17, 2024.
