PL Stock Summary and Trading Ideas (Planet Labs Pbc Class A | NYSE:PL)

Planet Labs PBC is an Earth-imaging company. The company provides daily satellite data that helps businesses, governments, researchers, and journalists understand the physical world and take action.

Planet Labs Pbc Class A trades on the NYSE stock market under the symbol PL.

As of December 11, 2024, PL stock price climbed to $3.95 with 5,381,357 million shares trading.

PL has a beta of 3.45, meaning it tends to be more sensitive to market movements. PL has a correlation of 0.33 to the broad based SPY ETF.

PL has a market cap of $1.17 billion. This is considered a Small Cap stock.

Last quarter Planet Labs Pbc Class A reported $61 million in Revenue and -$.02 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.02.

In the last 3 years, PL traded as high as $9.95 and as low as $1.67.

The top ETF exchange traded funds that PL belongs to (by Net Assets): IWM, VTI, IWN, VXF, VB.

PL has outperformed the market in the last year with a price return of +62.6% while the SPY ETF gained +33.5%. PL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +107.9% and +7.3%, respectively, while the SPY returned +11.0% and +1.1%, respectively.

PL support price is $3.65 and resistance is $4.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PL shares will trade within this expected range on the day.