Why NYSE:PLTR Is a Promising High-Growth Stock in the Midst of Consolidation.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if PALANTIR TECHNOLOGIES INC-A (NYSE:PLTR) is suited for growth investing, while it is forming a base and may be ready to breakout. Investors should of course do their own research, but we spotted PALANTIR TECHNOLOGIES INC-A showing up in our growth with base formation screen, so it may be worth spending some more time on it.

Evaluating Growth: NYSE:PLTR

A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. NYSE:PLTR has received a 8 out of 10:

• PLTR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 211.11%, which is quite impressive.
• The Revenue has grown by 17.61% in the past year. This is quite good.
• PLTR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 30.17% yearly.
• PLTR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.35% yearly.
• PLTR is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.47% yearly.

Health Examination for NYSE:PLTR

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NYSE:PLTR, the assigned 8 for health provides valuable insights:

• An Altman-Z score of 33.44 indicates that PLTR is not in any danger for bankruptcy at the moment.
• PLTR has a better Altman-Z score (33.44) than 98.19% of its industry peers.
• PLTR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
• PLTR has a Current Ratio of 5.91. This indicates that PLTR is financially healthy and has no problem in meeting its short term obligations.
• PLTR has a Current ratio of 5.91. This is amongst the best in the industry. PLTR outperforms 89.49% of its industry peers.
• PLTR has a Quick Ratio of 5.91. This indicates that PLTR is financially healthy and has no problem in meeting its short term obligations.
• With an excellent Quick ratio value of 5.91, PLTR belongs to the best of the industry, outperforming 89.49% of the companies in the same industry.

What does the Profitability looks like for NYSE:PLTR

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:PLTR was assigned a score of 5 for profitability:

• The Return On Assets of PLTR (6.21%) is better than 82.25% of its industry peers.
• PLTR has a better Return On Equity (7.91%) than 77.54% of its industry peers.
• Looking at the Return On Invested Capital, with a value of 3.83%, PLTR is in the better half of the industry, outperforming 73.19% of the companies in the same industry.
• Looking at the Profit Margin, with a value of 12.79%, PLTR belongs to the top of the industry, outperforming 82.25% of the companies in the same industry.
• PLTR has a better Operating Margin (8.43%) than 78.62% of its industry peers.
• Looking at the Gross Margin, with a value of 81.16%, PLTR belongs to the top of the industry, outperforming 85.14% of the companies in the same industry.
• In the last couple of years the Gross Margin of PLTR has grown nicely.

How do we evaluate the setup for NYSE:PLTR?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:PLTR is 7:

PLTR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 26.46. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PLTR in the last couple of days, which is a good sign.

Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.

Our latest full fundamental report of PLTR contains the most current fundamental analsysis.

For an up to date full technical analysis you can check the technical report of PLTR

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.