Planet Labs PBC (NYSE: PL) is -16.34% 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 $3.46 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $3.38, the stock is -14.48% and -30.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.66 million and changing -2.31% at the moment leaves the stock 4.89% off its SMA200. PL registered 32.55% gain for a year compared to 6-month gain of 52.94%. The firm has a 50-day simple moving average (SMA 50) of $4.8356 and a 200-day simple moving average (SMA200) of $3.22255.
The stock witnessed a -26.84% loss in the last 1 month and extending the period to 3 months gives it a -25.22%, and is -15.50% 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 6.12% over the week and 8.01% over the month.
Planet Labs PBC (PL) has around 970 employees, a market worth around $1.02B and $244.35M in sales. Profit margin for the company is -50.42%. Distance from 52-week low is 102.40% and -49.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.15%).
with sales reaching $62.25M over the same period.The EPS is expected to grow by 25.45% this year, but quarterly earnings will post 10.73% year-over-year. Quarterly sales are estimated to grow 2.99% 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 60.42% of the company’s shares. The shares outstanding are 278.94M, and float is at 202.07M with Short Float at 3.26%. Institutions hold 57.97% 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 4.3289% 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
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