Currently, there are 275.27M common shares owned by the public and among those 200.45M shares have been available to trade.
The company’s stock has a 5-day price change of 6.05% and 162.75% over the past three months. PL shares are trading 60.64% year to date (YTD), with the 12-month market performance up to 199.08% higher. It has a 12-month low price of $1.67 and touched a high of $6.55 over the same period. PL has an average intraday trading volume of 6.11 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 25.12%, 43.50%, and 133.37% respectively.
Institutional ownership of Planet Labs PBC (NYSE: PL) shares accounts for 28.83% of the company’s 275.27M shares outstanding.
It has a market capitalization of $1.94B and a beta (3y monthly) value of 1.41. 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 7.69% over the week and 8.94% over the month.
Earnings per share for the fiscal year are expected to increase by 37.08%, and 48.21% over the next financial year. EPS should grow at an annualized rate of 45.94% over the next five years, compared to 35.30% over the past 5-year period.
Looking at the support for the PL, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on January 30, 2025, with the firm’s price target at $7. Cantor Fitzgerald coverage for the Planet Labs PBC (PL) stock in a research note released on January 24, 2025 offered a Overweight rating with a price target of $6.30. JMP Securities on their part issued Mkt Outperform rating on May 02, 2023.
