Previous close | 7.24 |
Open | 7.19 |
Bid | 0.00 x 40700 |
Ask | 0.00 x 2200 |
Day's range | 7.14 - 7.73 |
52-week range | 5.84 - 14.86 |
Volume | |
Avg. volume | 32,851,195 |
Market cap | 15.705B |
Beta (5Y monthly) | 2.88 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.25 |
Earnings date | 13 Feb 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 8.79 |
Palantir Technologies Inc. (PLTR) closed at $7.24 in the latest trading session, marking a +0.28% move from the prior day.
At the World Economic Forum in Davos, Palantir CEO Alex Karp said that it may hire a couple hundred workers this year, even as many tech companies continue to cut staff. In Palantir's most recent quarterly results, it reported revenue of $478 million for the period ending Sept. 30, 2022, which equaled a year-over-year increase of 22%. Many big tech companies that are laying off staff deal with consumer-related products and services.
After two decades of staying privately held, big-data analytics company Palantir Technologies (NYSE: PLTR) went public in Sept. 2020. While the company boasts several U.S. government agencies as well as brand-name commercial sector companies on its client roster, Wall Street has expressed concerns about Palantir's near-term growth rate. Palantir is off to a great start in 2023, and although some of the analyst concerns are valid, its valuation looks appealing for long-term investors.