Planet Labs PBC (NYSE:PL) does about 1.35M shares in volume on a normal day but saw 1645170 shares change hands in Friday trading. The company now has a market cap of 508.59M USD. Its current market price is $1.75, marking a decrease of -0.57% compared to the previous close of $1.76. The 52 week high reached by this stock is $5.00 whilst the lowest price level in 52 weeks is $1.71.
Planet Labs PBC (PL) has a 20-day trading average at $2.1195 and the current price is -65.00% off the 52-week high compared with 2.34% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.1862 and its 200-day simple moving average is $2.5522. If we look at the stock’s price movements over the week, volatility stands at 6.65%, which decreases to 5.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 28.89 to suggest the stock is oversold.
The consensus objective for the share price is $4.60, suggesting that the stock has a potential upside of 61.96% over the period.
Citigroup initiated its price target at $6.
Planet Labs PBC (PL) stock is down -12.94% over the week and -27.69% over the past month. Its price is -29.15% year-to-date and -58.82% over the past year.
PL’s earnings per share are forecast to grow by 12.00% this year and 50.00% over next year. Expected sales for next quarter are $62.36 million, which analysts say will come at $256.46 million for the current fiscal year and next year at $308.21 million. In addition, estimates put the company’s current quarterly revenue at an average of $60.03 million.
To reach the target analysts have set, the stock logically needs to grow 61.96 percent from here.
The company has a return on investment of -26.26% and return on equity of -25.68%. The beta has a value of 0.94. Price to book ratio is 0.98 and price to sales ratio is 2.30.
