Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Planet Labs PBC’s current trading price is -7.31% away from its 52-week high, while its distance from the 52-week low is 306.53%. The stock’s price range during this period has varied between $1.76 and $7.72. The company, active in the Industrials sector, saw a trading volume of around 5.65 million for the day, considerably lower average daily volume of 8.55 million observed over the last three months.
Planet Labs PBC (PL) has a current stock price of $7.16. During the previous trading session, the stock witnessed a notable rise, reaching a high of $8.5 after opening at $7.14. The stock’s low for the day was $4.5, and it eventually closed at $6.79.
The stock market performance of Planet Labs PBC has been very steady.
How Financial Performance Impacts Market Capitalization
Planet Labs PBC (PL) has experienced a quarterly rise of 121.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.17B and boasts a workforce of 970 employees.
Decoding Analysts’ Ratings for Planet Labs PBC
As of right now, 7 analysts are rating Planet Labs PBC as a BUY, 2 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.42, with a change in price of +2.74. Similarly, Planet Labs PBC recorded 7,005,502 in trading volume during the last 100 days, posting a change of +62.37%.
How PL’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for PL stands at 0.04. Similarly, the long-term debt-to-equity ratio is also 0.02.
PL Stock Stochastic Average
As of today, the raw stochastic average of Planet Labs PBC over the past 50 days is 86.09%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 79.03%. Additionally, the Stochastic %K and %D values for the company were 69.15% and 62.38%, respectively, over the past 20 days.
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. The index has shown a price gain of 201.90% this year. Over the last six months, there has been a weaker performance of 87.80%. The price of PL fallen by 40.02% during the last 30 days period. For the last 5-days stocks have improved 15.40%.
