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 14.07% and 83.93% over the past three months. PLTR shares are trading 4.43% year to date (YTD), with the 12-month market performance up to 355.74% 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 80.40 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 6.67%, 11.56%, and 96.02% respectively.
Institutional ownership of Palantir Technologies Inc (NASDAQ: PLTR) shares accounts for 48.89% of the company’s 2.17B shares outstanding.
It has a market capitalization of $179.92B and a beta (3y monthly) value of 2.79. The stock’s trailing 12-month PE ratio is 399.90, while the earnings-per-share (ttm) stands at $0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.26% over the week and 4.86% over the month.
Earnings per share for the fiscal year are expected to increase by 52.45%, and 22.86% over the next financial year.
Looking at the support for the PLTR, a number of firms have released research notes about the stock. Wedbush stated their Outperform rating for the stock in a research note on January 23, 2025, with the firm’s price target at $75-$90. Cantor Fitzgerald coverage for the Palantir Technologies Inc (PLTR) stock in a research note released on January 17, 2025 offered a Neutral rating with a price target of $72. Morgan Stanley was of a view on January 06, 2025 that the stock is Underweight, while UBS gave the stock Neutral rating on December 19, 2024, issuing a price target of $80. Robert W. Baird on their part issued Neutral rating on December 12, 2024.
