Previous close | 1.7600 |
Open | 1.7600 |
Bid | 1.7500 x 3200 |
Ask | 1.7900 x 4000 |
Day's range | 1.7500 - 1.7950 |
52-week range | 1.6800 - 5.0000 |
Volume | |
Avg. volume | 1,327,485 |
Market cap | 514.397M |
Beta (5Y monthly) | 0.79 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Planet Labs PBC (PL) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
From potential deforestation efforts to preventing tree branches from taking out power lines, there's a lot Planet Labs' satellites can spy from space. But it's too many images for one person to track. That's where AI comes in. Planet Labs CEO Will Marshall (PL) tells Yahoo Finance how his company uses images to train its AI algorithms. "We've got this corpus of imagery... to train our algorithms so that you can do things like find any object around the Earth and backwards through time," Marshall explains. Marshall uses the company's project in Brazil, where Planet Labs' images and algorithms are used to detect new roads being built in the rainforest, a sign that there could be deforestation efforts to come. Watch the video above to hear Marshall explain how companies will use Planet Labs' technology to track their carbon footprint. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
Planet Labs PBC (PL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.