Planet Labs PBC (PL) – Don’t Believe the Hype: Check The Facts

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.

Related Posts

News RTS
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.