Planet Labs PBC (NYSE: PL) is 0.00% lower on its value in year-to-date trading and has touched a low of $3.29 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 $4.34 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $8.00 for the next 12 months. It is also 63.75% off the consensus price target high of $12.00 offered by 11 analysts, but current levels are 20.91% higher than the price target low of $5.50 for the same period.
Currently trading at $4.35, the stock is 7.09% and 10.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing 0.23% at the moment leaves the stock -11.09% off its SMA200. PL registered -15.04% loss for a year compared to 6-month loss of -13.52%. The firm has a 50-day simple moving average (SMA 50) of $3.58 and a 200-day simple moving average (SMA200) of -$5.82.
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The stock witnessed a 8.75% gain in the last 1 month and extending the period to 3 months gives it a -8.03%, and is 4.82% up 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 3.83% over the week and 3.93% over the month.
Planet Labs PBC (PL) has around 930 employees, a market worth around $1.21B and $191.30M in sales. Profit margin for the company is -84.70%. Distance from 52-week low is 32.22% and -42.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-30.60%).
Planet Labs PBC (PL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Planet Labs PBC (PL) is a “Buy”. 11 analysts offering their recommendations for the stock have an average rating of 1.90, where 1 rate it as a Hold and 0 think it is a “Overweight”. 10 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 -9.10% this year
Planet Labs PBC (PL) Top Institutional Holders
The shares outstanding are 270.19M, and float is at 262.35M with Short Float at 3.36%.
Planet Labs PBC (PL) Insider Activity
The most recent transaction is an insider sale by Johnson Ashley F., the company’s CFO & COO. SEC filings show that Johnson Ashley F. sold 1,000 shares of the company’s common stock on May 01 at a price of $4.10 per share for a total of $4100.0. Following the sale, the insider now owns 0.94 million shares.
Planet Labs PBC disclosed in a document filed with the SEC on Apr 06 that Johnson Ashley F. (CFO & COO) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Apr 06 and was made at $3.84 per share for $3840.0. Following the transaction, the insider now directly holds 0.94 million shares of the PL stock.
Still, SEC filings show that on Apr 03, Weil Kevin (President, Product & Business) acquired 274,000 shares at an average price of $3.64 for $1.0 million. The insider now directly holds 439,580 shares of Planet Labs PBC (PL).