There Is A Quest For Clarity Surrounding Planet Labs PBC (NYSE: PL) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Aerospace & Defense industry segment, falling under the Industrials sector. The current market capitalization of Planet Labs PBC is $799.62M. A total of 2.86 million shares were traded on the day, compared to an average of 2.06M shares.

In the most recent transaction, Johnson Ashley F. sold 1,000 shares of PL for 2.53 per share on Apr 01 ’24. After the transaction, the CFO & COO now owns 1,957,012 company shares. In a previous transaction on Mar 01 ’24, Johnson Ashley F. sold 1,000 shares at 2.18 per share. PL shares that CFO & COO owns now total 838,882.

Among the insiders who sold shares, Johnson Ashley F. disposed of 1,000 shares on Feb 01 ’24 at a per-share price of $2.31. This resulted in the CFO & COO holding 842,196 shares of PL after the transaction. In another insider transaction, Johnson Ashley F. sold 1,000 shares at $2.46 per share on Jan 02 ’24. Company shares held by the CFO & COO now total 845,509.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, PL has a high of $3.37 and a low of $1.67.

As of this writing, PL has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 7.0 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.07. The company reported an EPS of -$0.07 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PL’s latest balance sheet shows that the firm has $490.76M in Cash & Short Term Investments as of fiscal 2022. There were $0.00 in debt and $132.04M in liabilities at the time. Its Book Value Per Share was $1.72, while its Total Shareholder’s Equity was $648.25M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PL is Buy with a score of 4.50.

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