During the last session 32M of Palantir Technologies Inc.’s (NYSE:PLTR) shares were traded. The stock closed at $24.33 per share indicating that it gained $0.28 or 1.21% during that day which brings the Palantir Technologies Inc.’s valuation to $45.66B.
The 52-week high for the Palantir Technologies Inc.’s shares is $45.00. That puts it -45.93% 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 growth in its daily volume. The daily volume was of 44M, while in the last 10 days the average was 51.23M and last three months – 44.33M.
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 54.49M shares being shorted which translates into 1.15 of a short ratio for PLTR, while in the previous month the shorted shares were 56.35M.
Palantir Technologies Inc. (NYSE:PLTR)’s financials
With a market cap of 45.66B, 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.