Is Palantir Technologies Inc (NYSE: PLTR) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

PLTR belongs to the Technology sector of the NYSE while operating in the Software – Infrastructure industry. The current market capitalization of Palantir Technologies Inc is $49.83B. A total of 32.82 million shares were traded on the day, compared to an average of 68.43M shares.

In the most recent transaction, Palantir Technologies Inc. sold 18,621 shares of PLTR for 0.37 per share on Apr 24 ’24. After the transaction, the Former 10% Owner now owns 5,233,625 company shares. In a previous transaction on Apr 23 ’24, Palantir Technologies Inc. sold 18,471 shares at 0.37 per share. PLTR shares that Former 10% Owner owns now total 5,252,246.

Among the insiders who sold shares, Palantir Technologies Inc. disposed of 3,200 shares on Apr 22 ’24 at a per-share price of $0.34. This resulted in the Former 10% Owner holding 5,270,717 shares of PLTR after the transaction. In another insider transaction, Palantir Technologies Inc. sold 12,086 shares at $0.34 per share on Apr 19 ’24. Company shares held by the 10% Owner now total 5,273,917.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PLTR has a high of $27.50 and a low of $7.28.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $1.58, while its Total Shareholder’s Equity was $2.29B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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