Planet Labs PBC (PL) Performance and Fundamentals Dashboard tells a completely different story

Planet Labs PBC (NYSE: PL) stock fell -0.71% on Friday to $2.80 against a previous-day closing price of $2.82. With 4.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.84 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $2.8300 whereas the lowest price it dropped to was $2.7400. The 52-week range on PL shows that it touched its highest point at $7.51 and its lowest point at $2.51 during that stretch. It currently has a 1-year price target of $5.44. Beta for the stock currently stands at 0.52.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PL was up-trending over the past week, with a rise of 2.19%, but this was down by -15.41% over a month. Three-month performance dropped to -18.84% while six-month performance fell -29.82%. The stock lost -60.56% in the past year, while it has lost -35.63% so far this year. A look at the trailing 12-month EPS for PL yields -0.56 with Next year EPS estimates of -0.21. For the next quarter, that number is -0.08. This implies an EPS growth rate of -9.10% for this year and 30.00% for next year.

Float and Shares Shorts:

At present, 275.05 million PL shares are outstanding with a float of 274.36 million shares on hand for trading. On Aug 14, 2023, short shares totaled 10.93 million, which was 3.96% higher than short shares on Jul 13, 2023. In addition to Mr. William Spencer Marshall as the firm’s Co-Founder, CEO & Chairman, Mr. Robert Henry Schingler Jr. serves as its Co-Founder, Chief Strategy Officer & Director.

Institutional Ownership:

Through their ownership of 55.12% of PL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.80% of PL, in contrast to 20.43% held by mutual funds. Shares owned by individuals account for 13.12%. As the largest shareholder in PL with 6.82% of the stake, The Vanguard Group, Inc. holds 17,368,822 shares worth 17,368,822. A second-largest stockholder of PL, BlackRock Fund Advisors, holds 11,458,231 shares, controlling over 4.50% of the firm’s shares. Canada Pension Plan Investment Bo is the third largest shareholder in PL, holding 7,800,000 shares or 3.06% stake. With a 3.06% stake in PL, the Canada Pension Plan is the largest stakeholder. A total of 7,800,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.28% of PL stock, is the second-largest Mutual Fund holder. It holds 5,801,296 shares valued at 18.85 million. Vanguard Small Cap Index Fund holds 1.94% of the stake in PL, owning 4,939,681 shares worth 16.05 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PL analysts setting a high price target of $7.00 and a low target of $4.00, the average target price over the next 12 months is $5.44. Based on these targets, PL could surge 150.0% to reach the target high and rise by 42.86% to reach the target low. Reaching the average price target will result in a growth of 94.29% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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