Previous Close | 9.46 |
Open | 9.53 |
Bid | 10.09 x 41800 |
Ask | 10.11 x 1300 |
Day's Range | 9.48 - 10.20 |
52 Week Range | 6.44 - 29.29 |
Volume | |
Avg. Volume | 41,349,267 |
Market Cap | 20.429B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.28 |
Earnings Date | Feb 14, 2022 - Feb 18, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 12.12 |
These rapidly growing companies are begging to be bought following a peak decline of 34% for the Nasdaq.
Shares of Snowflake (NYSE: SNOW), Shopify (NYSE: SHOP), and Palantir (NYSE: PLTR) each surged this week, with shares climbing 19.9%, 14.8%, and 14.8%, respectively, by the end of trading on Thursday. First, long-term bond yields fell this week, along with commodity prices. An economic slowing is actually somewhat bullish for high-growth stocks like these three since a lower long-term discount rate would benefit stocks with earnings well out into the future.
Palantir Technologies went public in late 2020 and got lots of attention from the wallstreetbets crowd for a while. The company sells software and services to corporations and governments seeking to solve problems using data analysis.