The closing price of Childrens Place Inc (NASDAQ: PLCE) was $7.76 for the day, down -1.77% from the previous closing price of $7.90. On the day, 645994 shares were traded.
Ratios:
Our analysis of PLCE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.19 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 4.67 whereas as Long-Term Debt/Eq ratio is at 1.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, B. Riley Securities on February 13, 2024, Downgraded its rating to Sell and sets its target price to $4 from $19 previously.
B. Riley Securities Downgraded its Buy to Neutral on November 20, 2023, whereas the target price for the stock was revised from $45 to $19.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 13 ’24 when Mithaq Capital SPC bought 966,344 shares for $11.15 per share. The transaction valued at 10,779,027 led to the insider holds 6,751,387 shares of the business.
Mithaq Capital SPC bought 1,566,475 shares of PLCE for $24,749,525 on Feb 12 ’24. The 10% Owner now owns 4,663,743 shares after completing the transaction at $15.80 per share. On Feb 09 ’24, another insider, Mithaq Capital SPC, who serves as the 10% Owner of the company, bought 1,849,397 shares for $11.02 each. As a result, the insider paid 20,387,178 and bolstered with 3,097,268 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.06 while its Price-to-Book (P/B) ratio in mrq is 0.82.
Stock Price History:
Over the past 52 weeks, PLCE has reached a high of $38.03, while it has fallen to a 52-week low of $7.78.
Shares Statistics:
A total of 12.22M shares are outstanding, with a floating share count of 4.83M. Insiders hold about 61.33% of the company’s shares, while institutions hold 81.12% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Children’s Place, Inc. (The) analysts. The consensus estimate for the next quarter is $0.40, with high estimates of $73.85 and low estimates of $7.22.
