PLTR’s Market Seesaw: Yearly Gains & Recent Declines – What to Expect?

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The metric has seen a significant gain of 219.16% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 74.98%. Over the past 30 days, the price of PLTR has fallen by 20.11%. And in the last five days, it has surged by 4.17%.

The current stock price for Palantir Technologies Inc (PLTR) is $20.49. The stock experienced a significant increase during the last trading session, reaching $20.58 after opening at $19.68. It dipped to a low of $19.6587 before ultimately closing at $19.77.

Palantir Technologies Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $20.37 on 11/17/23, with the lowest value being $5.84 on 01/24/23.

52-week price history of PLTR Stock

A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Palantir Technologies Inc’s current trading price is 0.59% away from its 52-week high, while its distance from the 52-week low is 250.86%. The stock’s price range over this timeframe has been between $5.84 and $20.37. The shares of the Technology sector company recorded a trading volume of approximately 69.26 million for the day, which was comparatively higher than the average daily volume of 58.54 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Palantir Technologies Inc (PLTR) has experienced a quarterly rise of 41.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 44.59B and boasts a workforce of 3838 employees.

Expert Opinions: Analysts’ Ratings for Palantir Technologies Inc

As of right now, 3 analysts are rating Palantir Technologies Inc as a BUY, 2 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts are recommending to HOLD this stock, 2 of them gave the stock UNDERWEIGHT rating, and 6 analysts are rating the stock as SELL.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 16.41, with a change in price of +5.21. Similarly, Palantir Technologies Inc recorded 61,778,102 in trading volume during the last 100 days, posting a change of +34.10%.

PLTR’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for PLTR stands at 0.07. Similarly, the long-term debt-to-equity ratio is also 0.06.

PLTR Stock Stochastic Average

Palantir Technologies Inc’s raw stochastic average for the past 50 days is currently at 98.70%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 98.52%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 93.74% and 94.21%, respectively.

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