Palantir Technologies logged a -0.4% change during today's afternoon session, and is now trading at a price of $15.14 per share.
Palantir Technologies returned gains of 105.0% last year, with its stock price reaching a high of $20.24 and a low of $5.92. Over the same period, the stock outperformed the S&P 500 index by 92.0%. More recently, the company's 50-day average price was $16.11. Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. Based in Denver, CO, the large-cap Technology company has 3,734 full time employees. Palantir Technologies has not offered a dividend during the last year.
An Exceptionally Strong Balance Sheet:
| 2021-02-12 | 2022-02-24 | 2023-02-21 | |
|---|---|---|---|
| Revenue (MM) | $1,093 | $1,542 | $1,906 |
| Gross Margins | 68.0% | 78.0% | 79.0% |
| Operating Margins | -107% | -27% | -8% |
| Net Margins | -107.0% | -34.0% | -20.0% |
| Net Income (MM) | -$1,166 | -$520 | -$374 |
| Net Interest Expense (MM) | -$9 | -$2 | $16 |
| Depreciation & Amort. (MM) | -$14 | -$15 | -$23 |
| Earnings Per Share | -$1.19 | -$0.26 | -$0.18 |
| EPS Growth | n/a | 78.15% | 30.77% |
| Diluted Shares (MM) | 979 | 1,964 | 2,064 |
| Free Cash Flow (MM) | -$284 | $346 | $264 |
| Capital Expenditures (MM) | -$12 | -$13 | -$40 |
| Net Current Assets (MM) | $1,089 | n/a | n/a |
Palantir Technologies has an excellent current ratio, wider gross margins than its peer group, and a strong EPS growth trend. However, the firm has consistently negative margins with a positive growth rate. Finally, we note that Palantir Technologies has weak revenue growth and a flat capital expenditure trend and irregular cash flows.
Palantir Technologies does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of $0.27, the company has a forward P/E ratio of 59.7. In comparison, the average P/E ratio for the Technology sector is 27.16. Furthermore, Palantir Technologies is likely overvalued compared to the book value of its equity, since its P/B ratio of 11.01 is higher than the sector average of 6.23.
Palantir Technologies Has an Analyst Consensus of Little Upside Potential:
The 14 analysts following Palantir Technologies have set target prices ranging from $5.0 to $25.0 per share, for an average of $14.11 with a hold rating. As of April 2023, the company is trading 14.2% away from its average target price, indicating that there is an analyst consensus of little upside potential.
Palantir Technologies has an average amount of shares sold short because 7.2% of the company's shares are sold short. Institutions own 35.3% of the company's shares, and the insider ownership rate stands at 11.13%, suggesting a large amount of insider shareholders. The largest shareholder is Vanguard Group Inc, whose 8% stake in the company is worth $2,553,178,632.
