Currently, there are 2.17B common shares owned by the public and among those 2.06B shares have been available to trade.
The company’s stock has a 5-day price change of 6.71% and 71.17% over the past three months. PLTR shares are trading -5.10% year to date (YTD), with the 12-month market performance up to 337.89% higher. It has a 12-month low price of $16.03 and touched a high of $84.80 over the same period. PLTR has an average intraday trading volume of 77.95 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 -3.01%, 3.93%, and 83.05% respectively.
Institutional ownership of Palantir Technologies Inc (NASDAQ: PLTR) shares accounts for 48.78% of the company’s 2.17B shares outstanding.
It has a market capitalization of $163.49B and a beta (3y monthly) value of 2.82. The stock’s trailing 12-month PE ratio is 363.39, while the earnings-per-share (ttm) stands at $0.20. The company has a PEG of 13.19 and a Quick Ratio of 5.67 with the debt-to-equity ratio at 0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.76% over the week and 5.57% over the month.
Earnings per share for the fiscal year are expected to increase by 52.46%, and 24.17% over the next financial year.
Looking at the support for the PLTR, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Neutral rating for the stock in a research note on January 17, 2025, with the firm’s price target at $72. Morgan Stanley coverage for the Palantir Technologies Inc (PLTR) stock in a research note released on January 06, 2025 offered a Underweight rating with a price target of $60. UBS was of a view on December 19, 2024 that the stock is Neutral, while Robert W. Baird gave the stock Neutral rating on December 12, 2024, issuing a price target of $70. Jefferies on their part issued Underperform rating on November 07, 2024.
