The Children’s Place Inc. (NASDAQ: PLCE)’s stock price has decreased by -6.27 compared to its previous closing price of 41.18. Despite this, the company has seen a loss of -7.35% in its stock price over the last five trading days.
Is It Worth Investing in The Children’s Place Inc. (NASDAQ: PLCE) Right Now?
The price-to-earnings ratio for The Children’s Place Inc. (NASDAQ: PLCE) is 6.07x, which is above its average ratio. Moreover, the 36-month beta value for PLCE is 2.00. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for PLCE is 11.60M and currently, short sellers hold a 21.40% of that float. On March 17, 2023, PLCE’s average trading volume was 458.20K shares.
PLCE’s Market Performance
The stock of The Children’s Place Inc. (PLCE) has seen a -7.35% decrease in the past week, with a -16.05% drop in the past month, and a 9.94% gain in the past quarter. The volatility ratio for the week is 7.19%, and the volatility levels for the past 30 days are at 5.66% for PLCE. The simple moving average for the last 20 days is -8.93% for PLCE stock, with a simple moving average of -5.31% for the last 200 days.
Analysts’ Opinion of PLCE
Many brokerage firms have already submitted their reports for PLCE stocks, with Telsey Advisory Group repeating the rating for PLCE by listing it as a “Market Perform.” The predicted price for PLCE in the upcoming period, according to Telsey Advisory Group is $46 based on the research report published on February 07th of the current year 2023.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see PLCE reach a price target of $65, previously predicting the price at $70. The rating they have provided for PLCE stocks is “Outperform” according to the report published on August 18th, 2022.
B. Riley Securities gave a rating of “Buy” to PLCE, setting the target price at $64 in the report published on August 18th of the previous year.
PLCE Trading at -7.61% from the 50-Day Moving Average
After a stumble in the market that brought PLCE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.28% of loss for the given period.
Volatility was left at 5.66%, however, over the last 30 days, the volatility rate increased by 7.19%, as shares sank -17.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.31% upper at present.
During the last 5 trading sessions, PLCE fell by -7.35%, which changed the moving average for the period of 200-days by -19.45% in comparison to the 20-day moving average, which settled at $41.96. In addition, The Children’s Place Inc. saw 5.99% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PLCE starting from BACHMAN JOHN E., who purchase 1,500 shares at the price of $38.50 back on Jun 29. After this action, BACHMAN JOHN E. now owns 20,182 shares of The Children’s Place Inc., valued at $57,750 using the latest closing price.
ALUTTO JOSEPH A, the Director of The Children’s Place Inc., sale 6,115 shares at $48.50 during a trade that took place back on Jun 01, which means that ALUTTO JOSEPH A is holding 37,899 shares at $296,578 based on the most recent closing price.
Stock Fundamentals for PLCE
Equity return is now at value 42.30, with 8.00 for asset returns.
Conclusion
To wrap up, the performance of The Children’s Place Inc. (PLCE) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
