Planet Labs PBC (NYSE:PL) currently has a daily average trading volume of 1.49M but it saw 1261080 shares traded on Thursday. With a market cap of 1.12B USD, stock’s current market price of $3.99 came falling about -0.50 while comparing to the previous closing price of $4.01. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.51 and as low as $3.70. In the recent trading on the day, stock has struck highest price mark of $4.045 while lowest mark touched by it was $3.91.
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Taking a look at 20-day trading activity of Planet Labs PBC (PL) gives us an average price of $4.45, while its current price level is -46.91% below from 52-week high level whereas it is 7.81% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.68 while that of 200 days or SMA-200 reads an average of $5.16. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.63% during that period while stretching the period over a month that decreases to 3.93%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 27.70 which implies that the stock is in oversold territory.
Data by FactSet Research shows that 8 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 7 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Morgan Stanley which initiated the stock as “Equal-Weight” in its note to investors issued on January 23, 2023, recommending a price target of $6 for it. Needham issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $10.50 and $8.
Over the week, PL’s stock price is moving -5.23% down while it is -13.26% when we observe its performance for the past one month. Year-to-date it is -8.28% down and over the past year, the stock is showing a downside performance of -18.24%.
The latest quarterly earnings report issued by the company was for quarter ended 10/30/2022, when its quarterly earnings per share (EPS) of -$0.15 beat the consensus estimate of -$0.17 for the same. For PL, analysts are forecasting an EPS-growth rate of 64.00% for current year and estimate for EPS growth in next year is 19.40%. In next quarter, company is expected to be making quarterly sales of $57.1 million as analysts are expecting the sales for current fiscal year at $190.69 million and seeing the company making $257.69 million in sales next year. Moreover, analysts are in estimates of $52.58 million for current-quarter revenue.
Currently, Planet Labs PBC’s total number of outstanding shares is 267.95M with 1.87% of that held by the insiders while 57.23% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -20.30% and return on equity (ROE) at -27.40%. Stock has a price to book (P/B) ratio of 1.80 while price to sale or P/S ratio amounts to 6.39. Its return on asset (ROA) is -21.70% on average.
In the most recent quarter, Vanguard Small Cap Index Fund came rising its stake by 0.55% in the company and now holds 4.84 million or 1.93% of the company’s stake having worth of about 22.29 million.
