During the last session 34M of Palantir Technologies Inc.’s (NYSE:PLTR) shares were traded. The stock closed at $22.35 per share indicating that it lost -$0.57 or -2.49% during that day which brings the Palantir Technologies Inc.’s valuation to $41.95B.
The 52-week high for the Palantir Technologies Inc.’s shares is $45.00. That puts it -50.33% from that peak but still a great 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 33%.
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 47M, while in the last 10 days the average was 22.59M and last three months – 46.54M.
The decreasing interest in the PLTR stock from the investors is helping to drive the stock price down.
Growing short interest
The Palantir Technologies Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 68.64M shares being shorted which translates into 1.03 of a short ratio for PLTR, while in the previous month the shorted shares were 61.94M.
Palantir Technologies Inc. (NYSE:PLTR)’s financials
With a market cap of 41.95B, 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.