During the last session 27M of Palantir Technologies Inc.’s (NYSE:PLTR) shares were traded. The stock closed at $26.64 per share indicating that it gained $0.13 or 0.49% during that day which brings the Palantir Technologies Inc.’s valuation to $52.03B.
The 52-week high for the Palantir Technologies Inc.’s shares is $45.00. That puts it -40.8% from that peak but still a 180.42% 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 36.12%.
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 42M, while in the last 10 days the average was 47.36M and last three months – 42.46M.
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 56.35M shares being shorted which translates into 1.8 of a short ratio for PLTR, while in the previous month the shorted shares were 61.98M.
Palantir Technologies Inc. (NYSE:PLTR)’s financials
With a market cap of 52.03B, 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.