Palantir Technologies Inc (NYSE:PLTR) currently has a daily average trading volume of 68.32M but it saw 34137983 shares traded in last market. With a market cap of 49.38B USD, the company’s current market price of $22.12 came rising about 0.68 while comparing to the previous closing price of $21.97. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.50 and as low as $7.28.
Taking a look at 20-day trading activity of Palantir Technologies Inc (PLTR) gives us an average price of $22.06, while its current price level is -19.56% below from 52-week high level whereas it is 203.85% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $23.38 while that of 200 days or SMA-200 reads an average of $18.87. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.17% during that period while stretching the period over a month that decreases to 4.05%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.81 which implies that the stock is in neutral territory.
Monness Crespi & Hardt downgraded its recommendation for the stock as a “Sell” from “Neutral” on March 28, 2024 while assigning a price target of $20. HSBC Securities issued its recommendations for the stock as it downgraded the price target for the stock is $22.
Over the week, PLTR’s stock price is moving 2.45% up while it is -2.64% when we observe its performance for the past one month. Year-to-date it is 28.83% up and over the past year, the stock is showing an upside performance of 184.32%.
Currently, Palantir Technologies Inc’s total number of outstanding shares is 2.10B. Company’s return on investment (ROI) stands at 5.75% and return on equity (ROE) at 6.95%. It has a price to earnings ratio (P/E ratio) of 244.96 while having a 55.67 of forward P/E ratio. Stock’s beta reads 2.75. Stock has a price to book (P/B) ratio of 14.00 while price to sale or P/S ratio amounts to 22.19. Its return on asset (ROA) is 5.26% on average.
