Why PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) qualifies as a CANSLIM stock.

In this article we will dive into PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) as a possible candidate for growth investing. Investors should always do their own research, but we noticed PALANTIR TECHNOLOGIES INC-A showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Looking into the canslim metrics of PALANTIR TECHNOLOGIES INC-A

• The earnings per share (EPS) of PLTR have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 62.5% increase. This reflects the company's ability to improve its profitability over time.
• The recent q2q revenue growth of 39.34% of PLTR showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• The 3-year EPS growth of PLTR (43.07%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• PLTR showcases a robust Return on Equity (ROE) of 10.52%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• The Relative Strength (RS) of PLTR has been consistently solid, with a current 99.52 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage.
• With a Debt-to-Equity ratio at 0.0, PLTR showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• With 55.02% of the total shares held by institutional investors, PLTR showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Deciphering the Technical Picture of PLTR

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Overall PLTR gets a technical rating of 10 out of 10. Both in the recent history as in the last year, PLTR has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, PLTR did better than 99% of all other stocks. On top of that, PLTR also shows a nice and consistent pattern of rising prices.
• PLTR is part of the Software industry. There are 283 other stocks in this industry. PLTR outperforms 99% of them.
• PLTR is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so PLTR slightly outperforms the market at the moment.
• In the last month PLTR has a been trading in the 75.22 - 125.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

How does the complete fundamental picture look for PLTR?

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

Taking everything into account, PLTR scores 6 out of 10 in our fundamental rating. PLTR was compared to 283 industry peers in the Software industry. While PLTR has a great health rating, its profitability is only average at the moment. PLTR is valued quite expensively, but it does show have an excellent growth rating. With these ratings, PLTR could be worth investigating further for growth investing!.

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

More growth stocks can be found in our CANSLIM screen.

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.