Dive deeper: Detailed guide on how to buy stocks in Canada
Planet Labs is an aerospace & defense business based in the US. Planet Labs stocks (PL) are listed on the NYSE, and all prices are listed in US Dollars.
Planet Labs employs 810 staff and has a trailing 12-month revenue of around $262.5 million.Keep reading to see up-to-date Planet Labs stock price and performance data, along with a step-by-step guide for how to buy Planet Labs stock in Canada.
Planet Labs (PL) stock summary
| Company stock name | Planet Labs PBC |
| Stock ticker symbol | PL |
| Exchange | NYSE |
| 52-week stock price range | $2.79 – $16.78 |
| Where to buy Planet Labs stock | Buy on CIBC Investor's Edge |
Can I buy Planet Labs stock in Canada?
Yes, you can buy Planet Labs stock in Canada. You simply need to open a brokerage account with an online trading platform that supports stocks on the NYSE exchange. Platforms like Interactive Brokers will allow you to directly buy Planet Labs stock from within Canada.How to buy Planet Labs stock
Follow these step-by-step instructions to purchase Planet Labs (PL) stock in Canada:
-
Choose a stock trading platform.
Compare trading platforms. Choose a trading app with competitive pricing, access to trading tools and a user-friendly interface. (Check out our guide to the best trading apps in Canada.) -
Open a trading account.
To open a trading account, you'll need to provide personal information (like your email, phone number and banking details), verify your identity and complete the sign-up process. -
Fund your account.
Deposit funds into your trading account by linking your bank account via an Electronic Funds Transfer (EFT), wire transfer, cheque deposit or by whatever means the platform supports. Make sure you deposit enough to cover the stock price + any trading fees. -
Search for the stock—PL.
Look up the stock using its name (Planet Labs PBC) or ticker symbol (PL). Review its current price, recent performance and other relevant data before placing your order. -
Complete your purchase of Planet Labs stock.
Choose the number of PL stocks you want to purchase, place your order, confirm the details and then submit. Once executed, the shares will appear in your trading account.
Our top picks for where to buy Planet Labs PBC stock
Easy to use app
- Easy-to-use platform
- Low fees
- Student, young investor & active trader discounts
Low margin rates
- Access to international stock exchanges
- Low margin rates
- Powerful research tools
Planet Labs stock chart (NYSE: PL)
This chart tracks Planet Labs stock price performance over time.Planet Labs stock price
We'll update this guide as more Planet Labs stock information becomes available.
Is Planet Labs stock a buy or sell right now?
The technical analysis gauge above shows real-time buy or sell ratings and analysis for Planet Labs stock based on your selected timeframe. It uses three widely followed indicators—moving averages, oscillators and pivots—but this does not represent investment advice or a guarantee of success. Finder may not concur with these signals and accepts no responsibility for the performance of your stocks.
Can I buy Planet Labs stock on the TSX?
No, you cannot buy Planet Labs stock on the TSX because Planet Labs stock is not listed on the TSX. Instead, Planet Labs stock is listed on the NYSE under the symbol "PL."
That said, if you're wondering how to invest in Planet Labs stock in Canada, you still have the option to do so by opening a trading account with a Canadian brokerage that gives you access to NYSE, like Interactive Brokers.
Planet Labs stock dividends
Planet Labs is not expected to pay a dividend over the next 12 months. We'll continue to monitor Planet Labs's stock information and update this guide if that changes.
How volatile is Planet Labs stock?
Over the last 12 months, Planet Labs's stocks price has ranged from $2.79 to as high as $16.78. Planet Labs's beta measurement of stock volatility is 2.00. For comparison, the market () average beta is 1. This would suggest that Planet Labs's stocks are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Some analysists use "beta" to gauge a stock's volatility. Beta is a popular way to measure a stocks volatility in relation to the market. Here is a breakdown of Planet Labs's beta stock volatility rating.
Planet Labs PBC company and revenue performance
| Market Capitalization | $3.7 billion |
|---|---|
| Gross profit (TTM) | $154.6 million |
| Profit margin | -34.46% |
| Revenue (TTM) | $262.5 million |
| Return on assets (TTM) | -7.36% |
| Return on equity (TTM) | -19.90% |
| Earnings per share (TTM) | -$0.31 |
| 50-day moving stock price average | $12.97 |
| 200-day moving stock price average | $7.20 |
Planet Labs company profile
Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform the United States and internationally. The company's platform offers planet monitoring, tasking, archive, apps, application programming interfaces (APIs), basemaps, and fusion, as well as analytic feeds and planetary variables.
It also provides Tanager, a hyperspectral imaging satellite that delivers full-spectrum imagery across the visible and shortwave infrared regions; and Earth Observation platform, which enables customers and partners to access, analyze, and act on its proprietary data catalog by discovering relevant data layers, extracting useful information, and delivering insights through custom-build solutions or GIS workflows through APIs and browser-based applications. It serves agriculture, mapping, energy, forestry, finance, and insurance companies, as well as government agencies.
Planet Labs PBC was founded in 2010 and is headquartered in San Francisco, California.
Compare trading platforms to buy Planet Labs stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
5 of 5 results
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Do I have to pay tax on gains from Planet Labs stock sales in Canada?
Yes, you'll need to pay taxes in Canada on investment income, which includes any profit from selling Planet Labs stock. The CRA taxes investment income from stocks in Canada based on three main factors:
- Investment income. Investment income includes money earned from interest, dividends or capital gains, which may affect how much you have to pay in taxes on stock sales in Canada.
- Investor type. Your investment income will be taxed differently depending on whether you're a regular investor or a day trader (which means you buy and trade stocks on a daily basis as your primary form of income).
- Tax bracket. The higher your tax bracket, the more you'll pay on income from stock sales. Your tax bracket depends on your gross income (minus deductions).
You can learn more about the tax implications of selling stocks in Canada here.
Frequently asked questions about Planet Labs stock
Sources
Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
More on investing
Stock Trading
We break down which companies hold Ethereum, why they’re doing it and what ETH treasuries mean for markets and investors.
Stock Trading
Want to invest in the Euro Stoxx 50 in Canada? Explore investment platforms and popular Euro Stoxx 50 index funds.
Stock Trading
What are the best stocks for beginners with little money to invest?
Want to dive into investing but don’t have much to spend? Take a look at these types of stocks.
More resources on Finder
More guides on Finder
-
7 alternatives to Wealthsimple in Canada
We compare seven Wealthsimple alternatives to help you find the best investing platform or day-to-day bank account.
-
7 wheat stocks to watch
Want to invest in wheat companies? We’ve put together a list of wheat stocks you should keep your eye on.
-
8 residential reit stocks to watch
Want to invest in REIT companies? We’ve put together a list of residential REIT stocks you should keep your eye on.
-
8 bnpl stocks to watch
Want to invest in buy now, pay later companies? We’ve put together a list of BNPL stocks you should keep your eye on.
-
7 trucking stocks to watch
Want to invest in trucking companies? We’ve put together a list of trucking stocks you should keep your eye on.
-
7 space stocks to watch
Want to invest in space companies? We’ve put together a list of space stocks you should keep your eye on.
-
7 oil tanker stocks to watch
Want to invest in oil tanker companies? We’ve put together a list of oil tanker stocks you should keep your eye on.
-
4 diamond stocks to watch
Want to invest in diamond companies? We’ve put together a list of diamond stocks you should keep your eye on.
-
8 sports stocks to watch
Want to invest in sports companies? We’ve put together a list of sports stocks you should keep your eye on.
-
Best renewable energy stocks
These are the best renewable energy stocks to buy now in Canada.