Planet Labs PBC (Ticker: PL) is a forefront player in the satellite imagery and geospatial data industry, specializing in real-time Earth observation through its advanced satellite constellation. Since its inception in 2010, the company has focused on making satellite data accessible across diverse sectors, including agriculture, forestry, and urban development, facilitating informed, data-driven decision-making in the face of environmental challenges. Planet Labs leverages its continuous monitoring capabilities to support global sustainability efforts, positioning itself for substantial growth in the rapidly evolving remote sensing and analytics landscape. The company's innovative approach underscores its commitment to creating a significant socio-environmental impact through technology.
| Revenue (TTM) | $378.28M |
| Gross Profit (TTM) | $209.89M |
| EBITDA | $-48.40M |
| Operating Margin | -12.00% |
| Return on Equity | -72.00% |
| Return on Assets | -5.05% |
| Revenue/Share (TTM) | $1.14 |
| Book Value | $1.55 |
| Price-to-Book | 10.56 |
| Price-to-Sales (TTM) | 13.99 |
| EV/Revenue | 14.79 |
| EV/EBITDA | -6.73 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 58.10% |
| Shares Outstanding | $340.35M |
| Float | $302.17M |
| % Insiders | 1.27% |
| % Institutions | 83.27% |
Volatility is currently expanding
A delayed debut for Rocket Lab‘s (NASDAQ:RKLB | RKLB Price Prediction) next-generation rocket is weighing on space stocks. Rocket Lab stock is down 6% to $51.
Planet Labs is developing Slovenia's Space Resilience Node to automate satellite-based threat detection and expand its government and defense opportunities.
The shares are down over 50%, but that fact alone is not enough to warrant a purchase.
AST SpaceMobile (NASDAQ:ASTS) stock is sinking 9% to $46.58 in morning trading after Piper Sandler downgraded the stock to Neutral. That decline leaves AST SpaceMobile stock down 36% year to date (YTD) and below its prior 52-week low of $47.
AST SpaceMobile (NASDAQ:ASTS) shares are falling after a larger rival secured low-band frequencies the company had pursued.
A regulatory win for a satellite rival is hitting AST SpaceMobile (NASDAQ:ASTS) stock harder than the rest of the space group, since the company's business runs through wireless carriers. AST SpaceMobile stock is down 7% to $56.
PL's 51% six-month slide may offer a favorable entry point as revenues, backlog and defense demand grow, though valuation and execution risks remain.
PL's latest launch adds 20 satellites, expanding Earth-observation capacity while advancing Suncatcher and hyperspectral imaging efforts.
Government backing in Washington and Tokyo, plus a completed carrier test in Canada, has handed AST SpaceMobile (NASDAQ:ASTS) two distribution wins that are lifting space stocks broadly. ASTS stock is at $60.14, up 3% in morning trading.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes Quanta Services, Inc. (NYSE:PWR) and recommends buying the same. “I think there is still a buildout.
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