NYSE:PLTR, a strong growth stock, setting up for a breakout.

For growth-minded investors, high revenue and EPS growth are key criteria. Today, we'll examine whether PALANTIR TECHNOLOGIES INC-A (NYSE:PLTR) fits the bill for growth investing, particularly as it forms a base and hints at a potential breakout. Remember, due diligence is essential, but PALANTIR TECHNOLOGIES INC-A has caught our attention on our screen for growth with base formation. It may warrant additional investigation.

ChartMill's Evaluation of Growth

ChartMill employs its own Growth Rating system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth factors, such as EPS and revenue growth, taking into account both past performance and future projections. NYSE:PLTR has earned a 8 for growth:

• PLTR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 316.67%, which is quite impressive.
• PLTR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.75%.
• Measured over the past years, PLTR shows a very strong growth in Revenue. The Revenue has been growing by 30.17% on average per year.
• Based on estimates for the next years, PLTR will show a very strong growth in Earnings Per Share. The EPS will grow by 27.01% on average per year.
• Based on estimates for the next years, PLTR will show a very strong growth in Revenue. The Revenue will grow by 23.50% on average per year.

Exploring NYSE:PLTR's Health

ChartMill assigns a proprietary Health Rating to each stock. The score is computed by evaluating various liquidity and solvency ratios and ranges from 0 to 10. NYSE:PLTR was assigned a score of 8 for health:

• PLTR has an Altman-Z score of 28.47. This indicates that PLTR is financially healthy and has little risk of bankruptcy at the moment.
• PLTR's Altman-Z score of 28.47 is amongst the best of the industry. PLTR outperforms 98.18% of its industry peers.
• PLTR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
• PLTR has a Current Ratio of 5.55. This indicates that PLTR is financially healthy and has no problem in meeting its short term obligations.
• The Current ratio of PLTR (5.55) is better than 90.55% of its industry peers.
• A Quick Ratio of 5.55 indicates that PLTR has no problem at all paying its short term obligations.
• PLTR's Quick ratio of 5.55 is amongst the best of the industry. PLTR outperforms 90.55% of its industry peers.

Profitability Examination for NYSE:PLTR

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NYSE:PLTR has earned a 5 out of 10:

• PLTR has a Return On Assets of 4.64%. This is amongst the best in the industry. PLTR outperforms 80.36% of its industry peers.
• The Return On Equity of PLTR (6.04%) is better than 77.82% of its industry peers.
• PLTR has a Return On Invested Capital of 2.51%. This is in the better half of the industry: PLTR outperforms 74.18% of its industry peers.
• With an excellent Profit Margin value of 9.43%, PLTR belongs to the best of the industry, outperforming 81.09% of the companies in the same industry.
• Looking at the Operating Margin, with a value of 5.39%, PLTR is in the better half of the industry, outperforming 74.91% of the companies in the same industry.
• With an excellent Gross Margin value of 80.62%, PLTR belongs to the best of the industry, outperforming 84.00% of the companies in the same industry.
• In the last couple of years the Gross Margin of PLTR has grown nicely.

How does the Setup look for NYSE:PLTR

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:PLTR is 8:

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 a resistance zone just above the current price starting at 23.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.66, a Stop Loss order could be placed below this zone.

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

Check the latest full fundamental report of PLTR for a complete fundamental analysis.

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

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.