While this happened, Goldman downgraded its Planet Labs PBC [PL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in late January from “a Hold” to “a Buy”. Cantor Fitzgerald began covering PL with “an Overweight” recommendation on January 24, 2025. Needham maintained its rating on September 06, 2024. It rated PL as “a Buy”.
Price Performance Review of PL
On Monday, Planet Labs PBC [NYSE:PL] saw its stock fall -8.36% to $2.96. Over the last five days, the stock has lost -6.62%. Planet Labs PBC shares have fallen nearly -26.73% since the year began. Nevertheless, the stocks have risen 69.14% over the past one year. While a 52-week high of $6.71 was reached on 02/10/25, a 52-week low of $1.67 was recorded on 04/07/25. SMA at 50 days reached $4.22, while 200 days put it at $3.32.
Levels Of Support And Resistance For PL Stock
The 24-hour chart illustrates a support level at 2.86, which if violated will result in even more drops to 2.75. On the upside, there is a resistance level at 3.13. A further resistance level may holdings at 3.29. The Relative Strength Index (RSI) on the 14-day chart is 36.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.72%. Stochastics %K at 37.63% indicates the stock is a holding.
How much short interest is there in Planet Labs PBC?
A steep rise in short interest was recorded in Planet Labs PBC stocks on 2025-03-31, growing by 1.8 million shares to a total of 8.01 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 6.21 million shares. There was a rise of 22.52%, which implies that there is a positive sentiment for the stock.
