Palantir Technologies Inc. is a publicly traded company on the NYSE under the symbol ‘PLTR’. As of 3rd February 2023, Palantir Technologies Inc. had a market capitalization of 17.5 billion USD. The opening price for that day was 9.16 USD and it closed at 10.11 USD, with a change of 0.89 USD and a percentage increase 9.65%. During the day, it reached its highest value at 10.23 USD and the lowest was 9.11 USD. Compared to its 52-week high of 14.86 USD, the stock has been trading below average over the past year and is currently trading around 5% higher than its 52-week low of 5.84 USD set in May 2021.
Looking at the 200 day moving average (8.216), Palantir Technologies Inc.’s stock price appears to be in an uptrend as it is currently trading above that level by 24%. Furthermore, looking at the 50 day moving average (7.1544) we can see that there has been significant growth in recent months as Palantir’s stock is currently trading 41% higher than this level set in December 2021 implying increasing investor confidence in this company’s financial prospects moving forward and optimism about future performance from shareholders and analysts alike..
In conclusion, overall financial status of Palantir Technologies Inc looks positive considering its market capitalization, share prices trend and current market sentiment towards this company’s future performance which appears to be positive overall despite some volatility seen since May 2021 when the share price hit its 52-week low of 5.84 USD .
