Planet Labs PBC (NYSE: PL) is 42.11% higher on its value in year-to-date trading and has touched a low of $1.67 and a high of $3.41 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 PL stock was last observed hovering at around $3.32 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $3.51, the stock is 30.05% and 45.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.02 million and changing 5.72% at the moment leaves the stock 60.68% off its SMA200. PL registered 46.25% gain for a year compared to 6-month gain of 84.74%. The firm has a 50-day simple moving average (SMA 50) of $2.4044 and a 200-day simple moving average (SMA200) of $2.1845.
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The stock witnessed a 51.95% loss in the last 1 month and extending the period to 3 months gives it a 27.64%, and is 19.80% 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 6.90% over the week and 6.89% over the month.
Planet Labs PBC (PL) has around 1180 employees, a market worth around $1.09B and $235.76M in sales. Profit margin for the company is -57.71%. Distance from 52-week low is 110.18% and 2.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.85%).
with sales reaching $63.12M over the same period.The EPS is expected to grow by 10.11% this year, but quarterly earnings will post 14.05% year-over-year. Quarterly sales are estimated to grow 13.97% in year-over-year returns.
Planet Labs PBC (PL) Top Institutional Holders
232.0 institutions hold shares in Planet Labs PBC (PL), with institutional investors hold 56.76% of the company’s shares. The shares outstanding are 268.12M, and float is at 195.79M with Short Float at 3.02%. Institutions hold 55.19% 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).
