rts logo

Childrens Place Inc (PLCE) Stock Could Soon Reward Patient Investors

Childrens Place Inc (NASDAQ: PLCE) is -47.42% lower on its value in year-to-date trading and has touched a low of $4.77 and a high of $38.03 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 PLCE stock was last observed hovering at around $14.52 in the last trading session, with the day’s loss setting it -2.31%.

Currently trading at $12.21, the stock is 82.82% and 66.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.44 million and changing -15.91% at the moment leaves the stock -8.48% off its SMA200. PLCE registered -52.49% loss for a year compared to 6-month loss of -6.15%.

The stock witnessed a 85.84% gain in the last 1 month and extending the period to 3 months gives it a 47.64%, and is 151.23% up 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 28.82% over the week and 12.45% over the month.

Childrens Place Inc (PLCE) has around 8390 employees, a market worth around $155.31M and $1.52B in sales. Fwd P/E is 6.53. Profit margin for the company is -10.52%. Distance from 52-week low is 155.97% and -67.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-77.39%).

The EPS is expected to grow by 106.55% this year.

Childrens Place Inc (PLCE) Top Institutional Holders

115.0 institutions hold shares in Childrens Place Inc (PLCE), with institutional investors hold 88.66% of the company’s shares. The shares outstanding are 12.53M, and float is at 5.05M with Short Float at 55.79%. Institutions hold 81.91% of the Float.

The top institutional shareholder in the company is MITHAQ CAPITAL SPC with over 7.0 million shares valued at $55.71 million. The investor’s holdings represent 55.3807% of the PLCE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.37 million shares valued at $3.04 million to account for 2.95 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 0.28 million shares representing 2.2148% and valued at over $2.28 million, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 1.8741 of the shares totaling 0.24 million with a market value of $1.93 million.

Childrens Place Inc (PLCE) Insider Activity

#####

Still, SEC filings show that on Aug 08 ’24, Markee Maegan (Former Officer) Proposed Sale 10,000 shares at an average price of $7.24 for $72396.0. The insider now directly holds shares of Childrens Place Inc (PLCE).

Related Posts