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 42.78% and 135.50% over the past three months. PL shares are trading 34.65% year to date (YTD), with the 12-month market performance up to 138.60% 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 4.54 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 30.16%, 39.77%, and 112.87% respectively.
Institutional ownership of Planet Labs PBC (NYSE: PL) shares accounts for 28.29% of the company’s 275.27M shares outstanding.
It has a market capitalization of $1.63B and a beta (3y monthly) value of 1.36. 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 10.98% over the week and 7.51% over the month.
Earnings per share for the fiscal year are expected to increase by 34.41%, and 49.64% over the next financial year.
Looking at the support for the PL, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on January 24, 2025, with the firm’s price target at $6.30. Needham coverage for the Planet Labs PBC (PL) stock in a research note released on September 06, 2024 offered a Buy rating with a price target of $5. Craig Hallum was of a view on December 08, 2023 that the stock is Hold, while JMP Securities gave the stock Mkt Outperform rating on May 02, 2023, issuing a price target of $5.50. Citigroup on their part issued Buy rating on April 18, 2023.
