While Planet Labs PBC has overperformed by 8.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PL rose by 199.08%, with highs and lows ranging from $6.55 to $1.67, whereas the simple moving average jumped by 133.37% in the last 200 days.
On January 30, 2025, Craig Hallum Upgraded Planet Labs PBC (NYSE: PL) to Buy. A report published by Cantor Fitzgerald on January 24, 2025, Initiated its previous ‘Overweight’ rating for PL. Needham also reiterated PL shares as ‘Buy’, quoting a target price of $5 on the company’s shares in a report dated September 06, 2024. JMP Securities initiated its ‘Mkt Outperform’ rating for PL, as published in its report on May 02, 2023. Citigroup’s report from April 18, 2023 suggests a price prediction of $6 for PL shares, giving the stock a ‘Buy’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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.
In order to gain a clear picture of Planet Labs PBC’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. 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.
An average volume of 6.11M can be a very valuable indicator of volatility for PL stock. On a monthly basis, the volatility of the stock is set at 8.94%, whereas on a weekly basis, it is put at 7.69%, with a gain of 6.05% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.11, showing decline from the present price of $6.49, 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?
In addition to the fundamentals, you should also consider how many employees own shares in 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 32.96%. 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 28.83% 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 28.83% at present.
