Planet Labs PBC (NYSE: PL) is -7.82% lower on its value in year-to-date trading and has touched a low of $3.70 and a high of $7.51 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PL stock was last observed hovering at around $4.07 in the last trading session, with the day’s loss setting it -0.06% off its average median price target of $9.00 for the next 12 months. It is also 66.58% off the consensus price target high of $12.00 offered by 8 analysts, but current levels are 33.17% higher than the price target low of $6.00 for the same period.
Currently trading at $4.01, the stock is -11.41% and -14.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -1.47% at the moment leaves the stock -22.67% off its SMA200. PL registered -12.06% loss for a year compared to 6-month loss of -34.80%.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
The stock witnessed a -12.06% gain in the last 1 month and extending the period to 3 months gives it a -25.05%, and is -11.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.55% over the week and 3.97% over the month.
Planet Labs PBC (PL) has around 700 employees, a market worth around $1.13B and $175.40M in sales. Profit margin for the company is -97.00%. Distance from 52-week low is 8.35% and -46.64% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.30%).
Planet Labs PBC (PL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Planet Labs PBC (PL) is a “Buy”. 8 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to shrink by -14.90% this year
Planet Labs PBC (PL) Top Institutional Holders
The shares outstanding are 267.95M, and float is at 241.19M with Short Float at 3.16%.
