The Question Is Whether To Buy Or Not To Buy Planet Labs PBC (NYSE: PL)

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 Planet Reports Financial Results for Fourth Quarter and Full Fiscal Year 2024.

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Stocks Info

Planet Labs PBC is listed on the NYSE as a member of the Industrials sector and is a part of the Aerospace & Defense industry. The current market capitalization of Planet Labs PBC is $728.43M. A total of 2.48 million shares were traded on the day, compared to an average of 1.22M shares.

In the most recent transaction, Johnson Ashley F. sold 1,000 shares of PL for 2.18 per share on Mar 01 ’24. After the transaction, the CFO & COO now owns 838,882 company shares. In a previous transaction on Feb 01 ’24, Johnson Ashley F. sold 1,000 shares at 2.31 per share. PL shares that CFO & COO owns now total 842,196.

Among the insiders who sold shares, Johnson Ashley F. disposed of 1,000 shares on Jan 02 ’24 at a per-share price of $2.46. This resulted in the CFO & COO holding 845,509 shares of PL after the transaction. In another insider transaction, Johnson Ashley F. sold 1,000 shares at $2.41 per share on Dec 01 ’23. Company shares held by the CFO & COO now total 875,932.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, PL has a high of $5.00 and a low of $1.99.

As of this writing, PL has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.07. The company reported an EPS of -$0.05 in the last quarter, which was 37.50% higher than expectations of -$0.08.

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. PL’s latest balance sheet shows that the firm has $490.76M in Cash & Short Term Investments as of fiscal 2022. There were $0.00 in debt and $132.04M in liabilities at the time. Its Book Value Per Share was $1.79, while its Total Shareholder’s Equity was $648.25M.

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 PL is Buy with a score of 4.55.

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