Planet Labs Pbc Stock Price on October 18, 2024
| PL Stock | USD 4.04 0.16 4.12% |
If you're considering investing in Planet Stock, it is important to understand the factors that can impact its price. As of today, the current price of Planet Labs stands at 4.04, as last reported on the 22nd of December, with the highest price reaching 4.20 and the lowest price hitting 3.67 during the day. Planet Labs is relatively risky given 3 months investment horizon. Planet Labs PBC maintains Sharpe Ratio (i.e., Efficiency) of 0.28, which implies the firm had a 0.28% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.13% are justified by taking the suggested risk. Use Planet Labs Coefficient Of Variation of 385.1, risk adjusted performance of 0.2138, and Semi Deviation of 2.47 to evaluate company specific risk that cannot be diversified away.
Planet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Planet |
Sharpe Ratio = 0.2761
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Estimated Market Risk
| 4.09 actual daily | 36 64% of assets are more volatile |
Expected Return
| 1.13 actual daily | 22 78% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 21 79% of assets perform better |
Based on monthly moving average Planet Labs is performing at about 21% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Planet Labs by adding it to a well-diversified portfolio.
Price Book 2.58 | Enterprise Value Ebitda (6.73) | Price Sales 5.0843 | Shares Float 210.9 M | Wall Street Target Price 4.6 |
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Planet Labs Valuation on October 18, 2024
It is possible to determine the worth of Planet Labs on a given historical date. On October 18, 2024 Planet was worth 2.32 at the beginning of the trading date compared to the closed value of 2.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Planet Labs stock. Still, in general, we apply an absolute valuation method to find Planet Labs' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Planet Labs where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Planet Labs' related companies.
| Open | High | Low | Close | Volume | |
| 2.37 | 2.38 | 2.28 | 2.30 | 1,302,901 | |
10/18/2024 | 2.32 | 2.35 | 2.27 | 2.32 | 1,311,876 |
| 2.32 | 2.34 | 2.22 | 2.28 | 1,801,841 |
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Planet Labs Trading Date Momentum on October 18, 2024
| On October 21 2024 Planet Labs PBC was traded for 2.28 at the closing time. The highest price during the trading period was 2.34 and the lowest recorded bid was listed for 2.22 . The volume for the day was 1.8 M. This history from October 21, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.72% . The trading delta at closing time to the current price is 0.86% . |
Planet Labs PBC Fundamentals Correlations and Trends
By evaluating Planet Labs' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Planet Labs' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Planet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Planet Labs Stock history
Planet Labs investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Planet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Planet Labs PBC will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Planet Labs stock prices may prove useful in developing a viable investing in Planet Labs
Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company was incorporated in 2010 and is headquartered in San Francisco, California. Planet Labs operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 700 people.
Planet Labs Stock Technical Analysis
Planet Labs technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Planet Labs Period Price Range
Low | December 22, 2024
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0.00 | 0.00 |
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Planet Labs December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Planet Labs stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Planet Labs shares will generate the highest return on investment. By undertsting and applying Planet Labs stock market strength indicators, traders can identify Planet Labs PBC entry and exit signals to maximize returns
Planet Labs Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Planet Labs' price direction in advance. Along with the technical and fundamental analysis of Planet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Planet to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2138 | |||
| Jensen Alpha | 1.0 | |||
| Total Risk Alpha | 0.937 | |||
| Sortino Ratio | 0.3329 | |||
| Treynor Ratio | 0.4711 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Planet Labs PBC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Planet Labs. If investors know Planet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Planet Labs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.40) | Revenue Per Share 0.82 | Quarterly Revenue Growth 0.136 | Return On Assets (0.13) | Return On Equity (0.27) |
The market value of Planet Labs PBC is measured differently than its book value, which is the value of Planet that is recorded on the company's balance sheet. Investors also form their own opinion of Planet Labs' value that differs from its market value or its book value, called intrinsic value, which is Planet Labs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Planet Labs' market value can be influenced by many factors that don't directly affect Planet Labs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Planet Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Labs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.