Planet Labs PBC (PL) concluded trading on Wednesday at a closing price of $3.00, with 7.91 million shares of worth about $23.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 44.23% during that period and on November 13, 2024 the price saw a gain of about 14.07%. Currently the company’s common shares owned by public are about 268.12M shares, out of which, 195.96M shares are available for trading.
Stock saw a price change of 21.46% in past 5 days and over the past one month there was a price change of 33.33%. Year-to-date (YTD), PL shares are showing a performance of 21.46% which increased to 33.93% 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 $2.89 during that period. The average intraday trading volume for Planet Labs PBC shares is 2.45 million. The stock is currently trading 25.13% above its 20-day simple moving average (SMA20), while that difference is up 33.56% for SMA50 and it goes to 39.43% higher than SMA200.
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Planet Labs PBC (NYSE: PL) currently have 268.12M outstanding shares and institutions hold larger chunk of about 26.78% of that.
The stock has a current market capitalization of $880.43M and its 3Y-monthly beta is at 1.04. It has posted earnings per share of -$0.47 in the same period. It has Quick Ratio of 2.32 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 8.19% while standing at 5.57% over the month.
Stock’s fiscal year EPS is expected to rise by 10.84% while it is estimated to increase by 42.65% 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.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on September 06, 2024 offering a Buy rating for the stock and assigned a target price range of between $7 and $5 to it. On May 02, 2023, JMP Securities Initiated their recommendations, while on April 18, 2023, Citigroup Initiated their ratings for the stock with a price target of $6. Stock get an Equal-weight rating from Morgan Stanley on January 23, 2023.
