Innovation? PLTR

The PLTR stock price fluctuated between $10.3 and $11.19 throughout the trading session with the volume trading being 104M shares, which represented a positive variation when compared to the three months average volume of 47M shares.

The share price of Palantir Technologies Inc. (NYSE:PLTR) dipped -4.9% to close Tuesday’s market session at $10.48, lower as compared to yesterday’s close which brings the market valuation of the company to $22.09B.

The 52-week high for the Palantir Technologies Inc.’s shares is $29.29. That puts it -64.22% from that peak with a 52-week low of $10.30, while the S&P 500’s share price change was of 10.79%.

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 104M, while in the last 10 days the average was 63.08M and last three months – 46.57M.

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 114.12M shares being shorted which translates into 2.22 of a short ratio for PLTR, while in the previous month the shorted shares were 102.09M.

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

With a market cap of 22.09B, Palantir Technologies Inc. holds a total cash of $2.52B that translates into $1.25 per share, while the total debt is of $260.07M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 34.40%. The current revenue is of $1.54B that is $0.80 per share.

This is a great sign for a bright future.