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PL’s 52-Week Rollercoaster: From $1.67 to $2.89 – What’s Next for Investors?

VIPS stock

Planet Labs PBC had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $2.89 on 08/20/24, while the lowest price during the same period was $1.67 on 04/30/24.

52-week price history of PL Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Planet Labs PBC’s current trading price is -24.05% away from its 52-week high, while its distance from the 52-week low is 31.44%. The stock’s price range during this period has fluctuated between $1.67 and $2.89. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 1.07 million for the day, which was evidently lower than the average daily volume of 2.5 million over the last three months.

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Financial Performance and Market Capitalization

Planet Labs PBC (PL) has experienced a quarterly rise of 18.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 644.19M and boasts a workforce of 1180 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.11, with a change in price of +0.38. Similarly, Planet Labs PBC recorded 2,078,279 in trading volume during the last 100 days, posting a change of +21.15%.

PL Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for PL stands at 0.05. Similarly, the long-term debt-to-equity ratio is also 0.03.

PL Stock Stochastic Average

The raw stochastic average for Planet Labs PBC over the last 50 days is presently at 39.38%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 42.38%. Further, the company’s Stochastic %K and %D values for the last 20 days were 34.13% and 31.27%, respectively.

PL Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Until today this year the stock’s price performance recorded a decrease of -11.13%. However, over the last six months, the performance has been stronger by -12.55%. The price of PL decreased -20.18% over the last 30 days. And in the last five days, it has surged by 7.07%.

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