Palantir (PLTR) Stock Continues on a Great Path After Exceptional Earnings

The PLTR stock price fluctuated between $23.58 and $25.76 throughout the trading session with the volume trading being 189M shares, which represented a positive variation when compared to the three months average volume of 44M shares.

The share price of Palantir Technologies Inc. (NYSE:PLTR) ran up 11.36% to close Thursday’s market session at $24.89, higher as compared to yesterday’s close which brings the market valuation of the company to $46.8B.

The 52-week high for the Palantir Technologies Inc.’s shares is $45.00. That puts it -44.69% from that peak but still a 135.26% 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 31.69%.

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What does the trading volume tell us about the PLTR stock?

During the last trading session, Palantir Technologies Inc. (NYSE:PLTR) has seen growth in its daily volume. The daily volume was of 44M, while in the last 10 days the average was 24.07M and last three months – 43.9M.

The increasing interest in the PLTR stock from the investors is helping to drive the stock price up.

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 58.4M shares being shorted which translates into 2.11 of a short ratio for PLTR, while in the previous month the shorted shares were 68.13M.

Palantir Technologies Inc.’s (NYSE:PLTR) financials

With a market cap of 46.8B, 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.