Additionally, the 36-month beta value for PLCE is 1.97. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for PLCE is 4.83M and currently, short sellers hold a 57.10% ratio of that float. The average trading volume of PLCE on April 05, 2024 was 1.33M shares.
PLCE) stock’s latest price update
The stock of Childrens Place Inc (NASDAQ: PLCE) has decreased by -11.24 when compared to last closing price of 10.23. Despite this, the company has experienced a -26.77% fall in its stock price over the last five trading sessions. MarketBeat reported 2024-04-02 that The Children’s Place Inc. NASDAQ: PLCE stock has had a wild ride in 2024. Shares surged from a swing low of $8.30 on Feb. 9, 2024 to a swing high of $38.03 on Feb. 15, 2024.
PLCE’s Market Performance
Childrens Place Inc (PLCE) has experienced a -26.77% fall in stock performance for the past week, with a -48.99% drop in the past month, and a -56.51% drop in the past quarter. The volatility ratio for the week is 10.69%, and the volatility levels for the past 30 days are at 8.99% for PLCE. The simple moving average for the past 20 days is -31.51% for PLCE’s stock, with a -60.87% simple moving average for the past 200 days.
Analysts’ Opinion of PLCE
Many brokerage firms have already submitted their reports for PLCE stocks, with B. Riley Securities repeating the rating for PLCE by listing it as a “Sell.” The predicted price for PLCE in the upcoming period, according to B. Riley Securities is $4 based on the research report published on February 13, 2024 of the current year 2024.
B. Riley Securities gave a rating of “Neutral” to PLCE, setting the target price at $19 in the report published on November 20th of the previous year.
PLCE Trading at -48.47% 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 -78.33% of loss for the given period.
Volatility was left at 8.99%, however, over the last 30 days, the volatility rate increased by 10.69%, as shares sank -44.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -62.20% lower at present.
During the last 5 trading sessions, PLCE fell by -26.77%, which changed the moving average for the period of 200-days by -54.94% in comparison to the 20-day moving average, which settled at $12.89. In addition, Childrens Place Inc saw -60.90% 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 PLCE starting from Mithaq Capital SPC, who purchase 966,344 shares at the price of $11.15 back on Feb 13 ’24. After this action, Mithaq Capital SPC now owns 6,751,387 shares of Childrens Place Inc, valued at $10,779,027 using the latest closing price.
Mithaq Capital SPC, the 10% Owner of Childrens Place Inc, purchase 1,566,475 shares at $15.80 during a trade that took place back on Feb 12 ’24, which means that Mithaq Capital SPC is holding 4,663,743 shares at $24,749,525 based on the most recent closing price.
Stock Fundamentals for PLCE
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.27 for the gross margin
The net margin for Childrens Place Inc stands at -0.05. The total capital return value is set at -0.31. Equity return is now at value -46.17, with -7.41 for asset returns.
Based on Childrens Place Inc (PLCE), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06. The debt to equity ratio resting at 4.67. The interest coverage ratio of the stock is -3.12.
Currently, EBITDA for the company is 56.45 million with net debt to EBITDA at -16.66. When we switch over and look at the enterprise to sales, we see a ratio of 0.41. The receivables turnover for the company is 31.01for trailing twelve months and the total asset turnover is 1.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
In conclusion, Childrens Place Inc (PLCE) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
