Benzinga | Jan 4, 2022 11:08AM EST

$1000 Invested In This Stock 5 Years Ago, Would Be Worth This Much

Palantir Technologies (NYSE:PLTR) has outperformed the market over the past 5 years by 48.87% on an annualized basis.

Buying $1,000 In PLTR: 5 years ago, an investor could have purchased 666.67 shares of Palantir Technologies at the time with $1,000. This investment in PLTR would have produced an average annual return of 65.0%. Currently, Palantir Technologies has a market capitalization of $36.08 billion.

Palantir Technologies's Share Price Over Last 5 Years

This $1,000 investment would be worth $11,993.07 today based on a price of $18.00 for PLTR at the time of writing.

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.