Childrens Place Inc (NASDAQ: PLCE) is -35.27% 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 $14.14 in the last trading session, with the day’s gains setting it 0.89%.
Currently trading at $15.03, the stock is 19.15% and 64.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 6.29% at the moment leaves the stock 16.10% off its SMA200. PLCE registered -42.94% loss for a year compared to 6-month loss of 46.92%. The firm has a 50-day simple moving average (SMA 50) of $9.2928 and a 200-day simple moving average (SMA200) of $12.9071.
The stock witnessed a 176.29% gain in the last 1 month and extending the period to 3 months gives it a 94.69%, and is -9.78% 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 11.88% over the week and 18.30% over the month.
Childrens Place Inc (PLCE) has around 8390 employees, a market worth around $191.18M and $1.52B in sales. Fwd P/E is 5.62. Profit margin for the company is -10.52%. Distance from 52-week low is 215.09% and -60.48% 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 125.93% this year
114.0 institutions hold shares in Childrens Place Inc (PLCE), with institutional investors hold 90.59% of the company’s shares. The shares outstanding are 12.53M, and float is at 4.80M with Short Float at 72.44%. Institutions hold 83.68% 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).
