The price of Planet Labs PBC (NYSE:PL) shares last traded on Wall Street fell -3.52% to $2.74.
PL stock price is now 31.40% away from the 50-day moving average and 26.85% away from the 200-day moving average. The market capitalization of the company currently stands at $796.71M.
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On May 02, 2023, JMP Securities recently initiated its ‘Mkt Outperform’ rating on the stock quoting a target price of $5.50, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Johnson Ashley F., CFO & COO sold 1,000 shares of the company’s stock on Apr 01 ’24. The stock was sold for $2,530 at an average price of $2.53. Upon completion of the transaction, the CFO & COO now directly owns 1,957,012 shares in the company, valued at $5.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, CFO & COO Johnson Ashley F. sold 1,000 shares of the business’s stock. A total of $2,180 was realized by selling the stock at an average price of $2.18. This leaves the insider owning 838,882 shares of the company worth $2.3 million. A total of 33.98% of the company’s stock is owned by insiders.
During the past 12 months, Planet Labs PBC has had a low of $1.67 and a high of $3.37. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 2.72, and a quick ratio of 2.72. The fifty day moving average price for PL is $2.0996 and a two-hundred day moving average price translates $2.1635 for the stock.
The latest earnings results from Planet Labs PBC (NYSE: PL) was released for 2024-04-30. The net profit margin was -59.26% and return on equity was -25.55% for PL. The company reported revenue of $60.44 million for the quarter, compared to $52.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.68 percent.
