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PLBY Group Inc (PLBY) Is Down -46.50% in 2024 With Lots of Room to Run

PLBY Group Inc (NASDAQ: PLBY) is -46.50% lower on its value in year-to-date trading and has touched a low of $0.43 and a high of $1.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PLBY stock was last observed hovering at around $0.52 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $0.54, the stock is -16.18% and -28.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing 1.90% at the moment leaves the stock -39.74% off its SMA200. PLBY registered -59.16% loss for a year compared to 6-month loss of -45.41%.

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The stock witnessed a -34.56% gain in the last 1 month and extending the period to 3 months gives it a -41.59%, and is -9.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.03% over the week and 10.01% over the month.

PLBY Group Inc (PLBY) has around 628 employees, a market worth around $39.53M and $125.85M in sales. Profit margin for the company is -39.65%. Distance from 52-week low is 24.42% and -65.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.49%).

with sales reaching $32.46M over the same period.The EPS is expected to grow by 77.12% this year, but quarterly earnings will post -16.80% year-over-year. Quarterly sales are estimated to shrink -2.50% in year-over-year returns.

PLBY Group Inc (PLBY) Top Institutional Holders

71.0 institutions hold shares in PLBY Group Inc (PLBY), with institutional investors hold 37.45% of the company’s shares. The shares outstanding are 72.53M, and float is at 47.12M with Short Float at 6.80%. Institutions hold 35.44% of the Float.

The top institutional shareholder in the company is FORTRESS INVESTMENT GROUP LLC with over 2.58 million shares valued at $2.01 million. The investor’s holdings represent 3.5516% of the PLBY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.41 million shares valued at $$1.88 million to account for 3.3201 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 0.57 million shares representing 0.7859% and valued at over $0.44 million, while SFMG, LLC holds 0.5655 of the shares totaling 0.41 million with a market value of $0.32 million.

PLBY Group Inc (PLBY) Insider Activity

The most recent transaction is an insider sale by Kohn Bernhard L III,the company’sCEO & President. SEC filings show that Kohn Bernhard L III sold 79,330 shares of the company’s common stock on Aug 20 ’24 at a price of $0.55 per share for a total of $43949.0. Following the sale, the insider now owns 2.66 million shares.

PLBY Group Inc disclosed in a document filed with the SEC on Aug 19 ’24 that Kohn Bernhard L III (CEO & President) sold a total of 69,871 shares of the company’s common stock. The trade occurred on Aug 19 ’24 and was made at $0.62 per share for $43362.0. Following the transaction, the insider now directly holds 2.74 million shares of the PLBY stock.

Still, SEC filings show that on Aug 21 ’24, Kohn Bernhard L III (CEO & President) disposed off 71,323 shares at an average price of $0.56 for $40105.0. The insider now directly holds 2,590,023 shares of PLBY Group Inc (PLBY).

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