After Great Earning Palantir (PLTR) Keeps on Dipping

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The PLTR stock price fluctuated between $23.77 and $24.9 throughout the trading session with the volume trading being 46M 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) dipped -1.61% to close Tuesday’s market session at $24.5, lower as compared to yesterday’s close which brings the market valuation of the company to $47.85B.

The 52-week high for the Palantir Technologies Inc.’s shares is $45.00. That puts it -45.56% from that peak but still a 162.11% 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 31.81%.

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 44M, while in the last 10 days the average was 67.55M and last three months – 43.75M.

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 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.

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

With a market cap of 47.85B, Palantir Technologies Inc. holds a total cash of $2.34B that translates into $1.2 per share, while the total debt is of $249.79M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 49.10%. The current revenue is of $1.33B that is $0.83 per share.

This is a great sign for a bright future.