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How to Buy Planet Labs Stock

Planet Labs PBC

Planet Labs is a defense company located in Nevada, United States, which is part of the Industrials sector, and is traded under the ticker PL on the NYSE exchange.

Planet Labs stock last closed at $1.94, down 1.02% from the previous day, and has decreased 55.4% in one year. It has underperformed other stocks in the Aerospace & Defense industry by 0.76 percentage points. Planet Labs stock is currently +16.17% from its 52-week low of $1.67, and -61.2% from its 52-week high of $5.00.

At the moment, there are 290.62M PL shares outstanding. The market cap of PL is $563.80M. In the past 24 hours, 1.25M PL shares were traded.

How to Buy Planet Labs Stock

Wondering how to invest in Planet Labs stock? Here's how.
  1. Figure out where to buy Planet Labs stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Planet Labs stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your investment account: Choose your payment method and add your info.
  4. Evaluate Planet Labs stock: The Planet Labs ticker symbol is PL. Is Planet Labs stock a good investment? Should you buy shares of PL? How do PL's underlying business fundamentals look? Do top analysts think Planet Labs is a good buy? Why has PL's stock price moved recently? (Hint: Our stock market research tools can help you decide if PL is a good stock to buy).
  5. Place your PL buy order: Decide if you will purchase PL shares at the current market price or use a limit order to purchase PL shares at a specific price.
  6. Monitor your PL investment: Create a watchlist to important updates regarding your new investment in Planet Labs shares.

Step 1: Figure out where to buy Planet Labs stock

You will need a brokerage account in order to access the NYSE market and buy PL shares.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

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Get $10 towards your share purchase by opening an account with eToro today.

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Step 2: Open a brokerage account

Now that you've selected the right brokerage, it's time to fill out some personal information so you can buy PL stock today.

How to Start a New Brokerage Account on eToro

  1. Click here to get started.
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  2. Provide your personal details to start a new trading account.
  1. Submit your details by pressing the "Create Account" button.
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    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit funds into your investment account

Now that you've finished signing up on one of the best stock apps, you need to deposit funds:

Check out the video below to see the process of transferring money into your brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Evaluate Planet Labs stock

After you have decided on the best place to buy Planet Labs stock, it's crucial to evaluate their stock prior to investing, so you actually comprehend the risk as well as the upside.

Planet Labs Numbers

PL Price
$1.94
1w %
-1.52%
1y %
-55.4%
5y %
N/A
P/E
-3.88x
P/B
1.09x
P/S
2.46x
PEG
N/A
Revenue
$220.70M
Earnings
-$140.51M
Fore. Rev. Growth
19%
Fore. Earn. Growth
N/A
Market Cap
$563.80M
Next Earnings
Jun 6, 2024
Next Dividend
N/A

PL Due Diligence Checks

WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis in less time.

You can view all of the due diligence checks on PL's stock page.

Is PL stock overvalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge PL's intrinsic value.

Using relative valuations measures:

  • PL may be undervalued based on its P/B ratio of 1.09x, relative to Aerospace & Defense industry P/B ratio of 5.65x

You can do more valuation research on PL's stock here.

PL Financial Health Summary

Positive Financial Indicators:

  • PL has cash burn of 93121000. It has enough cash and short-term investments to cover this for at least one year.
  • PL has $307.27M in cash and short term investments. This is sufficient to cover its annual cash burn of $93.12M.
  • Total PL debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than short-term liabilities on the PL balance sheet.
  • There are more short-term assets than long-term liabilities on the PL balance sheet.
  • PL has a low debt to equity ratio of 0.36.

Negative Financial Indicators:

  • PL profit margin has gone up by 0.21 percentage points in the past year, but the company is still unprofitable.

Is it a good time to buy PL stock, according to Wall Street analysts?

Out of 6 Wall Street analysts who give recommendations on PL, the consensus analyst rating on PL is a Strong Buy

It's important to note that analyst forecasts are not recommendations, nor are they investment advice.

Most Recent PL Analyst Upgrades/Downgrades

Jeff Van Rhee, a top 12% analyst from Craig-Hallum downgrades PL to a hold rating and announces their PL price target of $3.00, on Dec 8, 2023.

You can dive deeper into what analysts are saying on the Planet Labs stock forecast page.

Metrics for Advanced PL Traders

SMA10
2.01
SMA20
1.9
SMA50
2.05
SMA100
2.15
SMA200
2.39
MACD
0.01
MACD Signal
-0.01
MACD Histogram
0.02
RSI
48.48
Stochastic %K
69.05
Stochastic %D
79.08
StochRSI %K
63.4
StochRSI %D
75.64

How is PL performing as a company?

Last year, PL revenue was $220.70M. During the past 5 year, PL's revenue has grown by 18.18% per year. This was faster than the Aerospace & Defense industry average of 7.63%.

Dig into PL's earnings and revenue performance here.

Latest Insiders Trades at PL

In the last year, executives and large shareholders at PL have sold more shares than they have bought.

Ashley F. Johnson, CFO COO of PL, was the latest PL insider to sell. They sold $2,530.00 worth of PL shares on Apr 1, 2024.

Get more info about who owns PL shares here.

Does PL stock generate passive income?

No, Planet Labs doesn't provide an income stream by paying out dividends.

What others are saying about PL

One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Place your PL buy order

There are two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually sufficient.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.

Hit the Open Trade button and your broker will execute your order.

If you require additional info about investing in stocks on eToro, watch the how to video below:

Open eToro Account

Step 6: Monitor your PL investment

Now that you own some PL stock, you'll want to stay up-to-date on your investment.

Create a watchlist to get notified of the latest news about your PL stock.

PL Feed

How to Buy Stock in Planet Labs

To reiterate, here are the 6 steps for buying Planet Labs stock:

  1. Figure out where to buy Planet Labs stock
  2. Open a brokerage account
  3. Deposit funds into your investment account
  4. Evaluate Planet Labs stock
  5. Place your PL buy order
  6. Monitor your PL investment

If you are looking for a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your new investment in Planet Labs, click below.

NYSE: PL
$1.94-0.02 (-1.02%)
Updated May 20, 2024
Open eToro Account
NYSE: PL
$1.94-0.02 (-1.02%)
Updated May 20, 2024
Open eToro Account

FAQ

How much does it cost to buy one Planet Labs share?

As of May 20, 2024, it costs $1.94 to buy one share of Planet Labs stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.97, you can buy 0.5 shares of PL.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Planet Labs stock?

According to 6 Wall Street analysts who monitor Planet Labs, their consensus recommendation is to buy Planet Labs stock.

What is the best way to buy Planet Labs stock?

One way to place an order for Planet Labs stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.