PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR)—A High-Growth Stock Gearing Up for Its Next Upward Move.

In this article, we'll take a closer look at PALANTIR TECHNOLOGIES INC-A (NASDAQ: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.

Analyzing Growth Metrics

ChartMill assigns a Growth Rating to each stock, ranging from 0 to 10. This rating is determined by analyzing different growth elements, including EPS and revenue growth, spanning both historical and future figures. In the case of PLTR, the assigned 9 reflects its growth potential:

• The Earnings Per Share has grown by an impressive 64.00% over the past year.
• Measured over the past years, PLTR shows a very strong growth in Earnings Per Share. The EPS has been growing by 43.07% on average per year.
• PLTR shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.79%.
• PLTR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 31.01% yearly.
• The Earnings Per Share is expected to grow by 36.57% on average over the next years. This is a very strong growth
• The Revenue is expected to grow by 32.10% on average over the next years. This is a very strong growth

Looking at the Health

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. PLTR has received a 8 out of 10:

• PLTR has an Altman-Z score of 95.89. This indicates that PLTR is financially healthy and has little risk of bankruptcy at the moment.
• The Altman-Z score of PLTR (95.89) is better than 98.95% 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.
• PLTR has a Current Ratio of 5.96. This indicates that PLTR is financially healthy and has no problem in meeting its short term obligations.
• With an excellent Current ratio value of 5.96, PLTR belongs to the best of the industry, outperforming 88.42% of the companies in the same industry.
• A Quick Ratio of 5.96 indicates that PLTR has no problem at all paying its short term obligations.
• PLTR has a Quick ratio of 5.96. This is amongst the best in the industry. PLTR outperforms 88.42% of its industry peers.

What does the Profitability looks like for PLTR

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For PLTR, the assigned 6 is a significant indicator of profitability:

• The Return On Assets of PLTR (7.29%) is better than 81.75% of its industry peers.
• PLTR has a Return On Equity of 9.24%. This is in the better half of the industry: PLTR outperforms 76.84% of its industry peers.
• PLTR has a better Return On Invested Capital (4.59%) than 75.09% of its industry peers.
• The Profit Margin of PLTR (16.13%) is better than 80.00% of its industry peers.
• PLTR's Operating Margin of 10.83% is fine compared to the rest of the industry. PLTR outperforms 78.60% of its industry peers.
• Looking at the Gross Margin, with a value of 80.25%, PLTR belongs to the top of the industry, outperforming 81.75% of the companies in the same industry.
• PLTR's Gross Margin has improved in the last couple of years.

How does the Setup look for PLTR

ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, PLTR has a 7 as its setup rating, indicating its current consolidation status.

Besides having an excellent technical rating, PLTR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 78.23, a Stop Loss order could be placed below this zone.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

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

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.