Company’s 36-month beta value is 2.24.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for PLCE is 4.81M, and currently, short sellers hold a 56.03% ratio of that floaft. The average trading volume of PLCE on October 31, 2024 was 2.38M shares.
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PLCE) stock’s latest price update
The stock of Childrens Place Inc (NASDAQ: PLCE) has increased by 9.28 when compared to last closing price of 13.15.Despite this, the company has seen a gain of 29.11% in its stock price over the last five trading days. gurufocus.com reported 2024-10-02 that Shares of Children’s Place Inc (PLCE, Financial) surged 2.90% in mid-day trading on Oct 2. The stock reached an intraday high of $14.85, before settling at $14.55, up from its previous close of $14.14.
PLCE’s Market Performance
Childrens Place Inc (PLCE) has seen a 29.11% rise in stock performance for the week, with a 1.63% gain in the past month and a 84.70% surge in the past quarter. The volatility ratio for the week is 9.80%, and the volatility levels for the past 30 days are at 9.69% for PLCE. The simple moving average for the past 20 days is 13.46% for PLCE’s stock, with a 20.45% simple moving average for the past 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 $9 based on the research report published on May 07, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see PLCE reach a price target of $7, previously predicting the price at $12. The rating they have provided for PLCE stocks is “Neutral” according to the report published on April 24th, 2024.
B. Riley Securities gave a rating of “Sell” to PLCE, setting the target price at $4 in the report published on February 13th of the current year.
PLCE Trading at 25.06% 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 -62.21% of loss for the given period.
Volatility was left at 9.69%, however, over the last 30 days, the volatility rate increased by 9.80%, as shares sank -4.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +133.66% upper at present.
During the last 5 trading sessions, PLCE rose by +29.11%, which changed the moving average for the period of 200-days by -35.91% in comparison to the 20-day moving average, which settled at $12.66. In addition, Childrens Place Inc saw -38.11% 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 Markee Maegan, who proposed sale 4,000 shares at the price of $9.00 back on Sep 11 ’24. After this action, Markee Maegan now owns shares of Childrens Place Inc, valued at $36,001 using the latest closing price.
Markee Maegan, the Former Officer of Childrens Place Inc, proposed sale 8,000 shares at $6.59 during a trade that took place back on Aug 15 ’24, which means that Markee Maegan is holding shares at $52,739 based on the most recent closing price.
Stock Fundamentals for PLCE
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.3 for the gross margin
The net margin for Childrens Place Inc stands at -0.11. The total capital return value is set at -0.29. Equity return is now at value -1879.04, with -16.48 for asset returns.
Based on Childrens Place Inc (PLCE), the company’s capital structure generated 1.12 points at debt to capital in total, while cash flow to debt ratio is standing at -0.11. The debt to equity ratio resting at -9.59. The interest coverage ratio of the stock is -1.92.
Currently, EBITDA for the company is -1.98 million with net debt to EBITDA at 16.14. When we switch over and look at the enterprise to sales, we see a ratio of 0.55. The receivables turnover for the company is 24.59for 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 0.90.
Conclusion
In a nutshell, Childrens Place Inc (PLCE) has experienced a mixed performance in recent times. The stock has received mixed “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.
