The 36-month beta value for PLCE is also noteworthy at 2.05. 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 at present, short sellers hold a 53.15% of that float. The average trading volume of PLCE on April 17, 2024 was 1.39M shares.
PLCE) stock’s latest price update
The stock price of Childrens Place Inc (NASDAQ: PLCE) has jumped by 20.07 compared to previous close of 7.11. Despite this, the company has seen a fall of -3.43% in its stock price over the last five trading days. Market Watch reported 2024-04-17 that The stock of the Children’s Place Inc. soared 36% early Wednesday, after the troubled retailer said it has received another loan from Saudi investing firm Mithaq Capital, its majority shareholder, in the latest move to boost liquidity.
PLCE’s Market Performance
PLCE’s stock has fallen by -3.43% in the past week, with a monthly drop of -35.08% and a quarterly drop of -62.64%. The volatility ratio for the week is 11.24% while the volatility levels for the last 30 days are 9.84% for Childrens Place Inc The simple moving average for the last 20 days is -16.76% for PLCE’s stock, with a simple moving average of -62.25% for the last 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 -42.74% 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 -77.55% of loss for the given period.
Volatility was left at 9.84%, however, over the last 30 days, the volatility rate increased by 11.24%, as shares sank -34.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.48% lower at present.
During the last 5 trading sessions, PLCE fell by -1.24%, which changed the moving average for the period of 200-days by -62.39% in comparison to the 20-day moving average, which settled at $10.03. In addition, Childrens Place Inc saw -63.23% 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 0.4. 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 summary, Childrens Place Inc (PLCE) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
