![]() ![]() Palantir's principal business is to assist organizations, particularly governments, in sifting through massive volumes of data in order to forecast and enhance decision-making. ![]() ![]() Information, or data, is a valuable commodity, and the ever-increasing speed with which businesses are embracing full digital transformation makes for a compelling story. Palantir is right in the thick of a massive money-making opportunity: big data analytics. Palantir Has One Of The Best Features A Stock Can Have: A Sexy Story! PLTR has since settled for a trading range of $20 - $30 and the company, as well as its business model, continues to attract a great deal of interest and attention. The stock, and the market capitalization, have proven highly volatile, as the stock price surged as high as $45. Roughly a year ago, Palantir’s shares started trading at $10 a share. ![]() Instead, an IPO raises funds to invest in the company. Insiders of a corporation sell shares while the company receives no money in a direct listing. After the company issued its shares on the exchange through a direct listing, its market value was significantly larger than $43 billion. Palantir manages to trade at a market value of $43 billion by specializing in surveillance, big data, and having the US government as a client. Palantir must be one of the most overvalued stocks in history because it ticks all the conditions. Palantir: Heavily Dependent On Government Palantir has developed into a valuation that neither makes sense nor is supported by concrete business results, despite its growth opportunity in AI-assisted software analytics. Palantir ( NYSE: PLTR) is a software business with one of the most ridiculous values in the stock market today. Michael Vi/iStock Editorial via Getty Images ![]()
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