Palantir Technologies Inc. (NYSE: PLTR) is in focus on Tuesday as the company reported its financial results for the fiscal first quarter. The stock was down about 8% in premarket trading on Tuesday.
Palantir Technologies said its net loss more than doubled in the first quarter despite revenue that beat Wall Street estimates. The company, however, gave better than expected guidance for the fiscal second quarter.
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If you want to buy shares of Palantir Technologies after its quarterly earnings report, this guide is for you.
Buying Palantir Technologies shares after the Q1 results driven dip in its stock this morning requires you to register for an account with a reliable stock broker. After that, you log in to your account and search for the stock ticker ‘PLTR’. Set the number of shares that you wish to own and click on the button that reads “Buy’. Congratulations, you are now a shareholder of PLTR stock.
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At the peak, Palantir Technologies traded at £27.59 per share this year, but has since slipped to £13.64 that could be good news for value investors. The current per-share price is even lower than £16.53 per share at which PLTR started the year 2021.
Palantir listed on the New York Stock Exchange last year on October 2nd at a per-share price of £6.50. The big data analytics company performed massively upbeat after its debut gaining close to 150% by the end of 2020.
At the time of writing, Palantir Technologies is valued at £24.25 billion.
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