Currently, there are 2.28B common shares owned by the public and among those 2.05B shares have been available to trade.
The company’s stock has a 5-day price change of 34.38% and 116.80% over the past three months. PLTR shares are trading 46.57% year to date (YTD), with the 12-month market performance up to 406.86% higher. It has a 12-month low price of $20.33 and touched a high of $111.54 over the same period. PLTR has an average intraday trading volume of 85.46 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 36.40%, 44.63%, and 153.37% respectively.
Institutional ownership of Palantir Technologies Inc (NASDAQ: PLTR) shares accounts for 49.20% of the company’s 2.28B shares outstanding.
It has a market capitalization of $252.52B and a beta (3y monthly) value of 2.80. The stock’s trailing 12-month PE ratio is 589.94, while the earnings-per-share (ttm) stands at $0.19. The company has a PEG of 19.62 and a Quick Ratio of 5.67 with the debt-to-equity ratio at 0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.91% over the week and 5.12% over the month.
Earnings per share for the fiscal year are expected to increase by 30.46%, and 25.33% over the next financial year.
Looking at the support for the PLTR, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on February 04, 2025, with the firm’s price target at $60-$95. Wedbush coverage for the Palantir Technologies Inc (PLTR) stock in a research note released on January 23, 2025 offered a Outperform rating with a price target of $90. Cantor Fitzgerald was of a view on January 17, 2025 that the stock is Neutral, while Morgan Stanley gave the stock Underweight rating on January 06, 2025, issuing a price target of $60. UBS on their part issued Neutral rating on December 19, 2024.
