27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
In the preceding three months, 4 analysts have released ratings for Planet Labs (NYSE:PL), presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $4.72, a high estimate of $7.00, and a low estimate of $3.90. Experiencing a 5.6% decline, the current average is now lower than the previous average price target of $5.00.
Understanding Analyst Ratings: A Comprehensive Breakdown
The perception of Planet Labs by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jason Gursky | Citigroup | Lowers | Buy | $3.90 | $4.50 |
| Josh Sullivan | Benchmark | Lowers | Buy | $4.00 | $5.00 |
| Trevor Walsh | JMP Securities | Lowers | Market Outperform | $4.00 | $5.50 |
| Ryan Koontz | Needham | Maintains | Buy | $7.00 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Planet Labs. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Planet Labs compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Planet Labs's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Planet Labs's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Planet Labs analyst ratings.
If you are interested in following small-cap stock news and performance you can start by tracking it here.
Delving into Planet Labs's Background
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: Financial Performance Dissected
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Planet Labs's remarkable performance in 3 months is evident. As of 31 January, 2024, the company achieved an impressive revenue growth rate of 11.09%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Planet Labs's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -51.12%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Planet Labs's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -5.72%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Planet Labs's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -4.25%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.05, Planet Labs adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Basics of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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