Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Du musst dich anmelden oder registrieren, bevor du fortfahren kannst.
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Palantir Stock Plummeted This Week

TheMotleyFool 
0 0 22.08.25
Why Palantir Stock Plummeted This WeekPhoto, wide shot, wide-angle lens, Grocery store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/9a6c3fc6-53ff-4c6e-848b-263660ac3eb0.png
 

Shares of Palantir (NASDAQ: PLTR) fell this week. The stock is down from last week's close by 9.5% as of 1:59 p.m. ET on Friday. The drop comes as the S 500 gained 0.4% and the Nasdaq-100 lost 0.7%.

A favorite of retail traders, Palantir's stock was sliding this week after a short report from a notable short seller compared the company's valuation to the implied valuation of OpenAI after its latest funding round.

Citron Research, the short seller behind the imbroglio, released a note immediately following news that OpenAI was raising another $6 billion at a $500 billion valuation. Citron pointed out that this means OpenAI's implied price-to-sales (P/S) ratio is 17 and that this would make it by far one of the most expensive software-as-a-service (SaaS) stocks ever. In fact, a P/S of 17 gives OpenAI the "highest multiple of any scaled SaaS stock in the world."

Continue reading


Source Fool.com

Gamestop Corp. Stock

€16.17
0.500%
Gamestop Corp. gained 0.500% compared to yesterday.

Show more
Like: 0
PLTR
Share

Comments

Not a member yet? Sign up for free!