Currently, there are 275.27M common shares owned by the public and among those 200.86M shares have been available to trade.
The company’s stock has a 5-day price change of 30.81% and 103.04% over the past three months. PL shares are trading 15.59% year to date (YTD), with the 12-month market performance up to 125.60% higher. It has a 12-month low price of $1.67 and touched a high of $4.99 over the same period. PL has an average intraday trading volume of 4.21 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 15.44%, 24.54%, and 85.77% respectively.
Institutional ownership of Planet Labs PBC (NYSE: PL) shares accounts for 28.44% of the company’s 275.27M shares outstanding.
It has a market capitalization of $1.40B and a beta (3y monthly) value of 1.31. The earnings-per-share (ttm) stands at -$0.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.06% over the week and 7.50% over the month.
Analysts forecast that Planet Labs PBC (PL) will achieve an EPS of -0.02 for the current quarter, -0.02 for the next quarter and -0.07 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.04 while analysts give the company a high EPS estimate of -0.04. Comparatively, EPS for the current quarter was -0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 34.21%, and 53.39% over the next financial year.
Looking at the support for the PL, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on September 06, 2024, with the firm’s price target at $7-$5. JMP Securities was of a view on May 02, 2023 that the stock is Mkt Outperform, while Citigroup gave the stock Buy rating on April 18, 2023, issuing a price target of $6. Morgan Stanley on their part issued Equal-Weight rating on January 23, 2023.
