How Worried Should Investors Be About Palantir Technologies Inc (PLTR)

Palantir Technologies Inc (NYSE:PLTR) does about 45.89M shares in volume on a normal day but saw 35283708 shares change hands in Friday’s trading. The company now has a market cap of 51.91B USD. Its current market price is $23.31, marking a decrease of -2.02% compared to the previous close of $23.79. The 52 week high reached by this stock is $27.50 whilst the lowest price level in 52 weeks is $13.56.

Palantir Technologies Inc (PLTR) has a 20-day trading average at $21.64 and the current price is -15.24% off the 52-week high compared with 71.90% distance from its 52-week low. The 50-day simple moving average of the closing price is $22.01 and its 200-day simple moving average is $19.54. If we look at the stock’s price movements over the week, volatility stands at 3.88%, which decreases to 3.22% 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 60.23 to suggest the stock is neutral.

The consensus objective for the share price is $21.32, suggesting that the stock has a potential downside of -9.33% over the period.

Monness Crespi & Hardt downgraded the stock to “Sell” from Neutral on March 28, 2024 at a price target of $20. HSBC Securities downgraded its price target at $22.

Palantir Technologies Inc (PLTR) stock is up 7.52% over the week and 8.12% over the past month. Its price is 35.76% year-to-date and 58.68% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -9.33 percent from here.

The company has a return on investment of 7.58% and return on equity of 9.19%. The price to earnings ratio (P/E ratio) amounts to 183.98 while the forward price to earnings ratio is 58.83. The beta has a value of 2.69. Price to book ratio is 13.75 and price to sales ratio is 22.24.