Planet Labs PBC (NYSE: PL) is -9.90% lower on its value in year-to-date trading and has touched a low of $1.67 and a high of $6.71 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 $3.98 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $3.64, the stock is -27.55% and -25.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.86 million and changing -8.54% at the moment leaves the stock 18.56% off its SMA200. PL registered 67.74% gain for a year compared to 6-month gain of 46.77%.
The stock witnessed a -41.10% loss in the last 1 month and extending the period to 3 months gives it a -12.71%, and is -14.35% 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 9.70% over the week and 8.83% over the month.
Planet Labs PBC (PL) has around 1180 employees, a market worth around $1.09B and $241.65M in sales. Profit margin for the company is -48.88%. Distance from 52-week low is 117.96% and -45.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.69%).
with sales reaching $61.88M over the same period.The EPS is expected to grow by 37.08% this year, but quarterly earnings will post 10.88% year-over-year. Quarterly sales are estimated to grow 5.15% in year-over-year returns.
Planet Labs PBC (PL) Top Institutional Holders
The shares outstanding are 275.27M, and float is at 201.50M with Short Float at 2.95%.
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 11.0009% 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 2.6863 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.
