The Question Is Whether To Buy Or Not To Buy Palantir Technologies Inc (NYSE: PLTR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Palantir, Bapco Energies Enter Strategic Partnership to Support Bahrain’s Energy Production.

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Stocks Info

Palantir Technologies Inc is listed on the NYSE as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $25.05 and fluctuated between $25.52 as its day high and $23.82 as its day low. The current market capitalization of Palantir Technologies Inc is $54.51B. A total of 107.74 million shares were traded on the day, compared to an average of 1.56 shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PLTR has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 3,330,804 and the disposition of 9,000 shares. Over the last 12 months, there were 30 BUYs and 86 SELLs from insiders. Insiders purchased 10,260,459 shares during that period but sold 9,508,273.

In the most recent transaction, Sankar Shyam sold 29,168 shares of PLTR for 25.00 per share on Feb 12. After the transaction, the insider now owns 752,786 company shares. In a previous transaction on Feb 09, Sankar Shyam sold 89,184 shares at 25.03 per share. PLTR shares that the insider owns now total 752,786.

Among the insiders who sold shares, Sankar Shyam disposed of 418,936 shares on Feb 08 at a per-share price of $25.00. This resulted in the insider holding 752,786 shares of PLTR after the transaction. In another insider transaction, Glazer David A. sold 360,000 shares at $24.74 per share on Feb 08. Company shares held by the insider now total 4,344.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PLTR in the last 3 months, the mean price target is $18.79 with high estimates of $30.00 and low estimates of $5.00. In terms of 52-week highs and lows, PLTR has a high of $25.11 and a low of $7.19.

As of this writing, PLTR has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.09 per share and a lower estimate of $0.07. The company reported an EPS of $0.07 in the last quarter, which was 16.70% higher than expectations of $0.06.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PLTR’s latest balance sheet shows that the firm has $2.52B in Cash & Short Term Investments as of fiscal 2021. There were $260.07M in debt and $660.06M in liabilities at the time. Its Book Value Per Share was $1.47, while its Total Shareholder’s Equity was $2.29B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PLTR is Buy with a score of 2.71.

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