While Palantir Technologies Inc has overperformed by 2.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PLTR rose by 188.37%, with highs and lows ranging from $25.52 to $7.19, whereas the simple moving average jumped by 41.18% in the last 200 days.
On February 14, 2024, HSBC Securities Downgraded Palantir Technologies Inc (NYSE: PLTR) to Hold. A report published by Jefferies on February 06, 2024, Upgraded its rating to ‘Hold’ for PLTR. Citigroup also Upgraded PLTR shares as ‘Neutral’, setting a target price of $20 on the company’s shares in a report dated February 06, 2024. Jefferies January 05, 2024d the rating to Underperform on January 05, 2024, and set its price target from $18 to $13. HSBC Securities initiated its ‘Hold’ rating for PLTR, as published in its report on September 15, 2023. Morgan Stanley’s report from August 31, 2023 suggests a price prediction of $9 for PLTR shares, giving the stock a ‘Underweight’ rating. Wedbush also rated the stock as ‘Outperform’.
Analysis of Palantir Technologies Inc (PLTR)
Further, the quarter-over-quarter increase in sales is 19.61%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Palantir Technologies Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 6.95% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.55, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and PLTR is recording an average volume of 68.98M. On a monthly basis, the volatility of the stock is set at 5.66%, whereas on a weekly basis, it is put at 4.40%, with a loss of -3.60% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.79, showing decline from the present price of $23.56, which can serve as yet another indication of whether PLTR is worth investing in or should be passed over.
How Do You Analyze Palantir Technologies Inc Shares?
Palantir Technologies Inc (PLTR) is based in the USA and is one of the most prominent companies operating in the Software – Infrastructure market. When comparing Palantir Technologies Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 260.91, there is a growth in quarterly earnings of 182.86%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 16.57%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 39.25% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PLTR shares are owned by institutional investors to the tune of 39.25% at present.
