Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -13.36%. However, over the last six months, the performance has been stronger by -0.47%. The price of PL increased 11.46% over the last 30 days. And in the last five days, it has fallen by -2.73%.
Planet Labs PBC’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $2.89 on 08/20/24 and a low of $1.67 for the same time frame on 04/30/24.
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52-week price history of PL Stock
Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Planet Labs PBC’s current trading price is -25.95% away from its 52-week high, while its distance from the 52-week low is 28.14%. The stock’s price range during this time has been between $1.67 and $2.89. The trading volume for the Industrials sector company’s shares reached about 1.84 million for the day, which was lower than the average daily volume of 2.48 million over the last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Planet Labs PBC (PL) has experienced a quarterly rise of 20.90% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 628.05M and boasts a workforce of 1180 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.13, with a change in price of +0.06. Similarly, Planet Labs PBC recorded 2,159,632 in trading volume during the last 100 days, posting a change of +2.88%.
PL’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative 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
Today’s raw stochastic average for Planet Labs PBC over the last 50 days is 33.63%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 60.00%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 75.76% and 77.13%, respectively.
