Planet Labs PBC (NYSE: PL) is -5.20% lower on its value in year-to-date trading and has touched a low of $1.67 and a high of $4.99 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 $3.73 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $3.83, the stock is -5.44% and 5.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.78 million and changing 2.68% at the moment leaves the stock 54.12% off its SMA200. PL registered 74.09% gain for a year compared to 6-month gain of 71.75%. The firm has a 50-day simple moving average (SMA 50) of $3.6074 and a 200-day simple moving average (SMA200) of $2.47865.
The stock witnessed a -1.54% loss in the last 1 month and extending the period to 3 months gives it a 68.72%, and is -6.81% down 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 5.22% over the week and 7.35% over the month.
Planet Labs PBC (PL) has around 1180 employees, a market worth around $1.14B and $241.65M in sales. Profit margin for the company is -48.88%. Distance from 52-week low is 129.34% and -23.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.69%).
The EPS is expected to grow by 34.21% this year
231.0 institutions hold shares in Planet Labs PBC (PL), with institutional investors hold 56.03% of the company’s shares. The shares outstanding are 275.27M, and float is at 199.21M with Short Float at 2.45%. Institutions hold 54.50% 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).
