Childrens Place Inc (NASDAQ: PLCE) is -60.33% lower on its value in year-to-date trading and has touched a low of $4.62 and a high of $19.74 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 $4.65 in the last trading session, with the day’s loss setting it -0.5%.
Currently trading at $4.15, the stock is -30.51% and -31.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.72 million and changing -10.75% at the moment leaves the stock -58.09% off its SMA200. PLCE registered -62.55% loss for a year compared to 6-month loss of -65.45%. The firm has a 50-day simple moving average (SMA 50) of $6.0998 and a 200-day simple moving average (SMA200) of $9.90345.
The stock witnessed a -27.32% gain in the last 1 month and extending the period to 3 months gives it a -43.61%, and is -30.13% 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 20.12% over the week and 9.87% over the month.
Childrens Place Inc (PLCE) has around 7900 employees, a market worth around $91.45M and $1.36B in sales. Fwd P/E is 3.04. Profit margin for the company is -3.97%. Distance from 52-week low is -10.17% and -78.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.45%).
with sales reaching $289.41M over the same period.The EPS is expected to shrink by -59.76% this year, but quarterly earnings will post -8.33% year-over-year. Quarterly sales are estimated to shrink -9.46% in year-over-year returns.
Childrens Place Inc (PLCE) Top Institutional Holders
86.0 institutions hold shares in Childrens Place Inc (PLCE), with institutional investors hold 85.89% of the company’s shares. The shares outstanding are 22.04M, and float is at 7.23M with Short Float at 43.62%. Institutions hold 81.99% 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 54.8214% 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 2.9202 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 0.28 million shares representing 2.1924% and valued at over $2.28 million, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 1.8552 of the shares totaling 0.24 million with a market value of $1.93 million.
Childrens Place Inc (PLCE) Insider Activity
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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).
