The PLTR stock price fluctuated between $21.48 and $22.3 throughout the trading session with the volume trading being 16M shares, which represented a negative variation when compared to the three months average volume of 52M shares.
The share price of Palantir Technologies Inc. (NYSE:PLTR) ran up 1.47% to close Monday’s market session at $22.13, higher as compared to yesterday’s close which brings the market valuation of the company to $41.61B.
The 52-week high for the Palantir Technologies Inc.’s shares is $45.00. That puts it -50.82% from that peak but still a 129.58% gain since the share price dropped to a 52-week low of $8.90, while the S&P 500’s share price change was of 36.19%.
What does the trading volume tell us about the PLTR stock?
During the last trading session, Palantir Technologies Inc. (NYSE:PLTR) has seen decay in its daily volume. The daily volume was of 52M, while in the last 10 days the average was 21.37M and last three months – 51.79M.
The decreasing interest in the PLTR stock from the investors is helping to drive the stock price down.
Shrinking short interest
The Palantir Technologies Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 68.13M shares being shorted which translates into 1.27 of a short ratio for PLTR, while in the previous month the shorted shares were 68.64M.
Palantir Technologies Inc. (NYSE:PLTR) financials
With a market cap of 41.61B, Palantir Technologies Inc. holds a total cash of $2.34B that translates into $1.25 per share, while the total debt is of $452.72M.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 48.80%. The current revenue is of $1.2B that is $0.94 per share.
This is a great sign for a bright future.