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Planet Labs PBC (PL) Is Now En Route to Higher Prices

Planet Labs PBC (NYSE: PL) is -16.19% lower on its value in year-to-date trading and has touched a low of $1.67 and a high of $4.98 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 $2.02 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $2.07, the stock is 7.81% and 7.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.5 million and changing 2.48% at the moment leaves the stock -9.84% off its SMA200. PL registered -57.76% loss for a year compared to 6-month loss of -19.46%.

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The stock witnessed a -0.96% gain in the last 1 month and extending the period to 3 months gives it a -5.91%, and is 8.38% 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 7.96% over the week and 5.42% over the month.

Planet Labs PBC (PL) has around 1180 employees, a market worth around $601.89M and $228.43M in sales. Profit margin for the company is -59.26%. Distance from 52-week low is 23.95% and -58.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.26%).

with sales reaching $62.44M over the same period.The EPS is expected to grow by 8.15% this year, but quarterly earnings will post 16.30% year-over-year.

Planet Labs PBC (PL) Top Institutional Holders

The shares outstanding are 268.12M, and float is at 168.98M with Short Float at 4.70%.

Planet Labs PBC (PL) Insider Activity

The most recent transaction is an insider sale by Johnson Ashley F.,the company’sCFO & COO. SEC filings show that Johnson Ashley F. sold 1,000 shares of the company’s common stock on Apr 01 ’24 at a price of $2.53 per share for a total of $2530.0. Following the sale, the insider now owns 1.96 million shares.

Planet Labs PBC disclosed in a document filed with the SEC on Mar 01 ’24 that Johnson Ashley F. (CFO & COO) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $2.18 per share for $2180.0. Following the transaction, the insider now directly holds 0.84 million shares of the PL stock.

Still, SEC filings show that on Feb 01 ’24, Johnson Ashley F. (CFO & COO) disposed off 1,000 shares at an average price of $2.31 for $2310.0. The insider now directly holds 842,196 shares of Planet Labs PBC (PL).

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