Is There a Dimmer Outlook Ahead for Plantronics Inc. (PLT)?


Plantronics Inc. (NYSE:PLT) went up by 12.97% from its latest closing price compared to the recent 1-year high of $42.44. The company’s stock price has collected 6.63% of gains in the last five trading sessions. Press Release reported 5 hours ago that Poly Announces Second Quarter Fiscal Year 2021 Financial Results

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Is It Worth Investing in Plantronics Inc. (NYSE :PLT) Right Now?

Plus, the 36-month beta value for PLT is at 2.06.

PLT currently public float of 36.79M and currently shorts hold a 12.95% ratio of that float. Today, the average trading volume of PLT was 901.23K shares.

PLT’s Market Performance

PLT stocks went up by 6.63% for the week, with a monthly jump of 60.39% and a quarterly performance of -5.00%, while its annual performance rate touched -51.83%. The volatility ratio for the week stands at 7.33% while the volatility levels for the past 30 days are set at 6.50% for Plantronics Inc.. The simple moving average for the period of the last 20 days is 18.22% for PLT stocks with a simple moving average of 25.26% for the last 200 days.

Analysts’ Opinion of PLT

JP Morgan, on the other hand, stated in their research note that they expect to see PLT reach a price target of $19. The rating they have provided for PLT stocks is “Neutral” according to the report published on September 15th, 2020.

PLT Trading at 33.52% from the 50-Day Moving Average

After a stumble in the market that brought PLT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.25% of loss for the given period.

Volatility was left at 6.50%, however, over the last 30 days, the volatility rate increased by 7.33%, as shares surge +56.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.89% upper at present.

During the last 5 trading sessions, PLT rose by +6.63%, which changed the moving average for the period of 200-days by -42.73% in comparison to the 20-day moving average, which settled at $16.41. In addition, Plantronics Inc. saw -30.54% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PLT starting from Triangle Private Holdings I, L, who sale 4,065,666 shares at the price of $13.25 back on Aug 27. After this action, Triangle Private Holdings I, L now owns 3,036,535 shares of Plantronics Inc., valued at $53,870,075 using the latest closing price.

TSEU MARVIN, the Director of Plantronics Inc., purchase 7,000 shares at $14.04 during a trade that took place back on Feb 25, which means that TSEU MARVIN is holding 33,037 shares at $98,271 based on the most recent closing price.

Stock Fundamentals for PLT

Equity return is now at value -338.00, with -32.60 for asset returns.

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