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 $4.16, up 1.71% from the previous day, and has increased 60.62% in one year. It has overperformed other stocks in the Aerospace & Defense industry by 0.35 percentage points. Planet Labs stock is currently +149.1% from its 52-week low of $1.67, and -16.63% from its 52-week high of $4.99.
At the moment, there are 293.48M PL shares outstanding. The market cap of PL is $1.22B. In the past 24 hours, 4.61M PL shares were traded.
How to Buy Planet Labs Stock
Wondering how to invest in Planet Labs stock? Here's how.
- 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.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your payment method and add your info.
- 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).
- 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.
- 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.
Our recommended brokerage: eToro
In our opinion, eToro is the best place to buy stocks. eToro gives you:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to global markets: From Tech to Financial Services, New York to Shanghai — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 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
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start a new trading account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
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.
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 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 2.58x, relative to Aerospace & Defense industry P/B ratio of 6.4x
You can do more valuation research on PL's stock here.
PL Financial Health Summary
Positive Financial Indicators:
- PL has cash burn of 92834000. It has enough cash and short-term investments to cover this for at least one year.
- PL has $258.19M in cash and short term investments. This is sufficient to cover its annual cash burn of $92.83M.
- PL has a low debt to equity ratio of 0.39.
- 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.
Negative Financial Indicators:
- PL profit margin has gone up by 0.14 percentage points in the past year, but the company is still unprofitable.
Do Wall Street analysts think it's a good time to buy PL stock
Out of 5 Wall Street analysts who monitor PL, the consensus analyst rating on Planet Labs is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Planet Labs stock forecast page.
PL Momentum
PL Growth Numbers
Last year, PL revenue was $235.76M. During the past 3 year, PL's revenue has increased by 98.88% per year. This was faster than the Aerospace & Defense industry average of 13.63%.
Dig into PL's earnings and revenue performance here.
Are PL insiders buying or selling the stock?
Over the last year, insiders at PL have sold more shares than they have bought.
Ashley F. Johnson, President CFO of PL, was the latest PL insider to sell. They sold $140,167.10 worth of PL shares on Sep 15, 2024.
Dig into more about who owns PL stock here.
Does PL stock generate passive income?
No, Planet Labs doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your PL buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you require more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your PL investment
Now that you own some PL stock, you'll want to keep up with your new company.
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 you need to take to buy Planet Labs stock right now:
- Figure out where to buy Planet Labs stock
- Open a brokerage account
- Deposit funds into your investment account
- Evaluate Planet Labs stock
- Place your PL buy order
- Monitor your PL investment
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Planet Labs, create a watchlist today.
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