Planet Labs PBC (NYSE: PL) is -3.71% lower on its value in year-to-date trading and has touched a low of $1.73 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 $3.78 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $3.89, the stock is 13.96% and 8.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.12 million and changing 2.91% at the moment leaves the stock 13.24% off its SMA200. PL registered 100.52% gain for a year compared to 6-month gain of 54.98%.
The stock witnessed a 23.89% loss in the last 1 month and extending the period to 3 months gives it a -36.33%, and is 12.43% 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 4.41% over the week and 4.95% over the month.
Planet Labs PBC (PL) has around 970 employees, a market worth around $1.18B and $244.35M in sales. Profit margin for the company is -50.42%. Distance from 52-week low is 124.86% and -42.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.15%).
The EPS is expected to grow by 22.93% this year
The shares outstanding are 278.94M, and float is at 207.94M with Short Float at 4.31%.
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 5.0659 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.
