Planet Labs PBC (NYSE: PL) is 168.98% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PL stock was last observed hovering at around $5.11 in the last trading session, with the day’s gains setting it 1.18%.
Currently trading at $6.29M, the stock is 6.13% and 26.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.92 million and changing 10920796% at the moment leaves the stock 35.77% off its SMA200. PL registered 24.50% gain for a year compared to 6-month loss of 16.17%. The firm has a 50-day simple moving average (SMA 50) of $3.9768 and a 200-day simple moving average (SMA200) of $3.7047.
The stock witnessed a 30.31% gain in the last 1 month and extending the period to 3 months gives it a 18.63%, and is -7.88% 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 2.10% over the week and 9.47% over the month.
Planet Labs PBC (PL) has around 970 employees, a market worth around $1.53B and $250.18M in sales. Profit margin for the company is -42.58%. Distance from 52-week low is 190.75% and -25.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.38%).
with sales reaching $65.82M over the same period.The EPS is expected to grow by 32.83% this year, but quarterly earnings will post 11.59% year-over-year. Quarterly sales are estimated to grow 7.74% in year-over-year returns.
Planet Labs PBC (PL) Top Institutional Holders
288.0 institutions hold shares in Planet Labs PBC (PL), with institutional investors hold 60.86% of the company’s shares. The shares outstanding are 282.25M, and float is at 209.55M with Short Float at 5.18%. Institutions hold 58.46% 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 5.0659 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.
Planet Labs PBC (PL) Insider Activity
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