While Planet Labs PBC has underperformed by -5.33%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PL rose by 124.89%, with highs and lows ranging from $5.55 to $1.67, whereas the simple moving average jumped by 100.35% in the last 200 days.
On January 24, 2025, Cantor Fitzgerald started tracking Planet Labs PBC (NYSE: PL) recommending Overweight. A report published by Needham on September 06, 2024, Reiterated its previous ‘Buy’ rating for PL. JMP Securities Initiated an Mkt Outperform rating on May 02, 2023, and assigned a price target of $5.50. Citigroup initiated its ‘Buy’ rating for PL, as published in its report on April 18, 2023. Morgan Stanley’s report from January 23, 2023 suggests a price prediction of $6 for PL shares, giving the stock a ‘Equal-Weight’ rating. Deutsche Bank also rated the stock as ‘Buy’.
Analysis of Planet Labs PBC (PL)
Further, the quarter-over-quarter increase in sales is 10.63%, showing a positive trend in the upcoming months.
One of the most important indicators of Planet Labs PBC’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -23.67% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.32, 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.
For any stock, average volume can also provide valuable insight into volatility, and PL is recording 4.74M average volume. On a monthly basis, the volatility of the stock is set at 7.61%, whereas on a weekly basis, it is put at 11.36%, with a gain of 34.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.75, showing decline from the present price of $5.15, which can serve as yet another indication of whether PL is worth investing in or should be passed over.
How Do You Analyze Planet Labs PBC Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 32.82%. 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 28.29% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PL shares are owned by institutional investors to the tune of 28.29% at present.
