Palantir (#PALANTIR) weekly special report based on 1.00 Lot Calculation:
THE COMPANY:
- Palantir Technologies is a software company, specializing in big data analytics and artificial intelligence. It primarily offers its platforms, Palantir Gotham and Palantir Foundry, to government agencies, defense sectors, and large enterprises for tasks like intelligence analysis, risk assessment, and operational decision-making.
- FINANCIAL RESULTS (Q2, August 2024): In the previous quarter, the company’s revenue grew by 27% year-over-year and by 7% quarter-over-quarter, reaching $678.1 million, surpassing the forecasted $653.2 million. Earnings per share increased by 500% year-over-year to $0.09, beating the estimated $0.08. This significant financial improvement was largely due to an expanded customer base, which grew by 41% year-over-year.
NEWS:
- APA CORPORATION ANNOUNCED A MULTI-YEAR, MULTI-MILLION DOLLAR PARTNERSHIP WITH PALANTIR (SEPTEMBER 25): The two companies first made a deal in 2021, where Palantir implemented its software in various areas, including supply chain management and operational planning. In this contract extension, APA will receive new AI functionalities through Palantir’s Artificial Intelligence Platform (AIP) software. (Source: Offshore-technology)
- PALANTIR SIGNED A $99.8 MILLION AGREEMENT WITH THE ARMY RESEARCH LABORATORY (SEPTEMBER 20): According to Investing.com, Palantir will expand access to the Maven Smart System across the military services to enhance interoperability and readiness among the U.S. military branches. The contract is fixed-price and spans a five-year period.
- PALANTIR WAS ADDED TO S&P500 INDEX (SEPTEMBER 13): The company is joining the S&P 500 index as part of its quarterly rebalancing. Since 2014, 178 companies have been added to the index, which, on average, provided a 13% return in the first 12 months after inclusion. According to BofA analysts, this event could serve as a catalyst for the stock’s next upward move. (Sorce: Motley fool, Barrons)
EVENTS:
- EVENT (ESTIMATED: NOVEMBER 5th): EARNINGS RESULTS IN Q3. Palantir is expected to report its Q3 results on November 5. The company has forecasted a revenue increase between $697 million and $701 million, representing approximately a 25% year-over-year growth. Analysts expect earnings per share to remain at $0.09, up from $0.07 year-over-year.
PRICE ACTION:
- SINCE THE BEGINNING OF THE YEAR, PALANTIR HAS INCREASED BY AROUND 114.91%. The stock significantly outperformed the USA 500 and USA 100, which have risen by 20.19% and 18.35%, respectively.
- THE STOCK HAS TRADED AROUND 18% BELOW ITS ALL-TIME HIGH OF $45.00 (JANUARY 26, 2021). Palantir was last trading around $36.9 and if the price fully recovers to its all time highs the stock could see an upside of around 22%. However, the price could decline further.
PALANTIR, September 26, 2024
Current Price: 37.12
|
PALANTIR |
Weekly |
|
Trend direction |
|
|
52.00 |
|
|
46.00 |
|
|
42.00 |
|
|
33.50 |
|
|
31.00 |
|
|
28.50 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
|
||||||
|
Profit or loss in $ |
74,400.00 |
44,400.00 |
24,400.00 |
-18,100.00 |
-30,600.00 |
-43,100.00 |
|
Profit or loss in €² |
66,672.34 |
39,788.33 |
21,865.66 |
-16,220.02 |
-27,421.69 |
-38,623.36 |
|
Profit or loss in £² |
55,593.54 |
33,176.79 |
18,232.29 |
-13,524.77 |
-22,865.08 |
-32,205.40 |
|
Profit or loss in C$² |
100,201.55 |
59,797.70 |
32,861.80 |
-24,376.99 |
-41,211.93 |
-58,046.86 |
1. 1.00 lot is equivalent of 5,000 unit
2. Calculations for exchange rate used as of 10:10 (GMT+1) 26/09/2024
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.