NYSE:PLTR: a strong growth stock preparing for the next leg up?.

In this article, we'll take a closer look at PALANTIR TECHNOLOGIES INC-A (NYSE:PLTR) as a potential candidate for growth investing. While it's important for investors to conduct their own research, PALANTIR TECHNOLOGIES INC-A has piqued our interest by appearing on our strong growth and breakout radar. Let's explore further.

Assessing Growth Metrics for NYSE:PLTR

ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NYSE:PLTR scores a 8 out of 10:

• The Earnings Per Share has grown by an impressive 113.33% over the past year.
• The Revenue has grown by 21.22% in the past year. This is a very strong growth!
• The Revenue has been growing by 30.17% on average over the past years. This is a very strong growth!
• PLTR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.35% yearly.
• Based on estimates for the next years, PLTR will show a very strong growth in Revenue. The Revenue will grow by 21.47% on average per year.

Health Insights: NYSE:PLTR

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:PLTR scores a 8 out of 10:

• PLTR has an Altman-Z score of 43.48. This indicates that PLTR is financially healthy and has little risk of bankruptcy at the moment.
• PLTR's Altman-Z score of 43.48 is amongst the best of the industry. PLTR outperforms 98.58% of its industry peers.
• There is no outstanding debt for PLTR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
• A Current Ratio of 5.92 indicates that PLTR has no problem at all paying its short term obligations.
• PLTR's Current ratio of 5.92 is amongst the best of the industry. PLTR outperforms 87.90% of its industry peers.
• A Quick Ratio of 5.92 indicates that PLTR has no problem at all paying its short term obligations.
• PLTR's Quick ratio of 5.92 is amongst the best of the industry. PLTR outperforms 87.90% of its industry peers.

Profitability Insights: NYSE:PLTR

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:PLTR has achieved a 6:

• PLTR has a Return On Assets of 7.79%. This is amongst the best in the industry. PLTR outperforms 83.63% of its industry peers.
• The Return On Equity of PLTR (9.99%) is better than 81.14% of its industry peers.
• With a decent Return On Invested Capital value of 5.26%, PLTR is doing good in the industry, outperforming 77.22% of the companies in the same industry.
• PLTR's Profit Margin of 16.32% is amongst the best of the industry. PLTR outperforms 83.63% of its industry peers.
• Looking at the Operating Margin, with a value of 11.78%, PLTR belongs to the top of the industry, outperforming 82.21% of the companies in the same industry.
• PLTR has a Gross Margin of 81.39%. This is amongst the best in the industry. PLTR outperforms 84.34% of its industry peers.
• PLTR's Gross Margin has improved in the last couple of years.

Looking at the Setup

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:PLTR currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

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. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.

More Strong Growth stocks can be found in our Strong Growth screener.

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

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

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.