Planet Labs PBC (NYSE: PL) is -0.99% 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 $3.79 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $4.00, the stock is -3.72% and -17.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.31 million and changing 5.54% at the moment leaves the stock 25.81% off its SMA200. PL registered 65.29% gain for a year compared to 6-month gain of 88.68%. The firm has a 50-day simple moving average (SMA 50) of $4.841 and a 200-day simple moving average (SMA200) of $3.17945.
The stock witnessed a -19.52% loss in the last 1 month and extending the period to 3 months gives it a 3.36%, and is -4.08% 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 9.07% over the week and 8.58% over the month.
Planet Labs PBC (PL) has around 1180 employees, a market worth around $1.20B and $244.35M in sales. Profit margin for the company is -50.42%. Distance from 52-week low is 139.52% and -40.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.15%).
with sales reaching $62.29M over the same period.The EPS is expected to grow by 25.45% this year, but quarterly earnings will post 10.68% year-over-year. Quarterly sales are estimated to grow 3.05% in year-over-year returns.
Planet Labs PBC (PL) Top Institutional Holders
268.0 institutions hold shares in Planet Labs PBC (PL), with institutional investors hold 61.21% of the company’s shares. The shares outstanding are 299.00M, and float is at 199.88M with Short Float at 3.11%. Institutions hold 58.69% 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 11.0009% 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’sCFO & 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.
