Planet Labs PBC (NYSE: PL) is -9.31% lower on its value in year-to-date trading and has touched a low of $1.67 and a high of $2.89 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 $2.21 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $2.24, the stock is 2.75% and -2.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing 1.36% at the moment leaves the stock 4.12% off its SMA200. PL registered -10.40% loss for a year compared to 6-month loss of -12.16%. The firm has a 50-day simple moving average (SMA 50) of $2.2892 and a 200-day simple moving average (SMA200) of $2.1506.
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The stock witnessed a -10.76% gain in the last 1 month and extending the period to 3 months gives it a 20.43%, and is 8.74% 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 4.65% over the week and 7.61% over the month.
Planet Labs PBC (PL) has around 1180 employees, a market worth around $657.40M and $235.76M in sales. Profit margin for the company is -57.71%. Distance from 52-week low is 34.13% and -22.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.85%).
with sales reaching $62.96M over the same period.The EPS is expected to grow by 8.76% this year, but quarterly earnings will post 13.80% year-over-year.
Planet Labs PBC (PL) Top Institutional Holders
234.0 institutions hold shares in Planet Labs PBC (PL), with institutional investors hold 53.14% of the company’s shares. The shares outstanding are 268.12M, and float is at 195.19M with Short Float at 3.38%. Institutions hold 51.64% of the Float.
The top institutional shareholder in the company is ALPHABET INC. with over 31.94 million shares valued at $59.41 million. The investor’s holdings represent 11.0809% of the PL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.71 million shares valued at $27.36 million to account for 5.1027 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 12.57 million shares representing 4.3604% and valued at over $23.38 million, while CANADA PENSION PLAN INVESTMENT BOARD holds 2.7058 of the shares totaling 7.8 million with a market value of $14.51 million.
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 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).
