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

Palantir Technologies Inc (NYSE:PLTR) does about 41.79M shares in volume on a normal day but saw 46281597 shares change hands in Friday trading. The company now has a market cap of 60.64B USD. Its current market price is $27.23, marking an increase of 5.34% compared to the previous close of $25.85. The 52 week high reached by this stock is $27.50 whilst the lowest price level in 52 weeks is $13.68.

Palantir Technologies Inc (PLTR) has a 20-day trading average at $24.65 and the current price is -0.98% off the 52-week high compared with 99.05% distance from its 52-week low. The 50-day simple moving average of the closing price is $22.93 and its 200-day simple moving average is $20.39. If we look at the stock’s price movements over the week, volatility stands at 3.04%, which increases to 4.16% 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 70.27 to suggest the stock is overbought.

The consensus objective for the share price is $21.72, suggesting that the stock has a potential downside of -25.37% over the period.

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The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 21, 2024 when Monness Crespi & Hardt downgraded the stock to “Sell” and issued a price target of $20.

Palantir Technologies Inc (PLTR) stock is up 7.97% over the week and 23.21% over the past month. Its price is 58.59% year-to-date and 73.44% over the past year.

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To reach the target analysts have set, the stock logically needs to shrink -25.37 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 214.92 while the forward price to earnings ratio is 68.69. The beta has a value of 2.70. Price to book ratio is 16.06 and price to sales ratio is 25.98.

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