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These Numbers Show Favorable Signs for Palantir Technologies Inc (PLTR)

Palantir Technologies Inc (NYSE: PLTR) is 59.52% higher on its value in year-to-date trading and has touched a low of $13.68 and a high of $27.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PLTR stock was last observed hovering at around $27.70 in the last trading session, with the day’s loss setting it -0.31%.

Currently trading at $27.39, the stock is 10.22% and 18.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 52.99 million and changing -1.12% at the moment leaves the stock 33.91% off its SMA200. PLTR registered 78.55% gain for a year compared to 6-month gain of 71.40%.

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The stock witnessed a 15.13% loss in the last 1 month and extending the period to 3 months gives it a 19.09%, and is 5.83% 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 3.60% over the week and 4.20% over the month.

Palantir Technologies Inc (PLTR) has around 3735 employees, a market worth around $61.00B and $2.33B in sales. Current P/E ratio is 216.18 and Fwd P/E is 69.10. Profit margin for the company is 12.79%. Distance from 52-week low is 100.22% and -2.13% from its 52-week high. The company has generated returns on investments over the last 12 months (7.58%).

with sales reaching $652.14M over the same period.The EPS is expected to grow by 31.62% this year, but quarterly earnings will post 21.40% year-over-year. Quarterly sales are estimated to grow 22.40% in year-over-year returns.

Palantir Technologies Inc (PLTR) Top Institutional Holders

The shares outstanding are 2.10B, and float is at 1.91B with Short Float at 3.75%.

Palantir Technologies Inc (PLTR) Insider Activity

The most recent transaction is an insider sale by Palantir Technologies Inc.,the company’s10% Owner. SEC filings show that Palantir Technologies Inc. sold 87,182 shares of the company’s common stock on Jul 08 ’24 at a price of $0.13 per share for a total of $11578.0. Following the sale, the insider now owns 10.55 million shares.

Palantir Technologies Inc disclosed in a document filed with the SEC on Jul 05 ’24 that Palantir Technologies Inc. (10% Owner) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Jul 05 ’24 and was made at $0.11 per share for $2260.0. Following the transaction, the insider now directly holds 10.64 million shares of the PLTR stock.

Still, SEC filings show that on Jul 03 ’24, Palantir Technologies Inc. (10% Owner) disposed off 10,219 shares at an average price of $0.12 for $1226.0. The insider now directly holds 10,659,266 shares of Palantir Technologies Inc (PLTR).

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