Market Watch Highlights: Childrens Place Inc (PLCE) Ends on an Upturn Note at 7.96

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As of close of business last night, Childrens Place Inc’s stock clocked out at $7.96, up 16.37% from its previous closing price of $6.84. In other words, the price has increased by $16.37 from its previous closing price. On the day, 2.87 million shares were traded. PLCE stock price reached its highest trading level at $8.6999 during the session, while it also had its lowest trading level at $6.83.

Ratios:

To gain a deeper understanding of PLCE’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.15 and its Current Ratio is at 0.89.

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 this company, Telsey Advisory Group on May 07, 2024, Reiterated its Market Perform rating but revised its target price to $9 from $13 previously.

On April 24, 2024, B. Riley Securities Upgraded its rating to Neutral which previously was Sell and also lowered its target price recommendation from $12 to $7.

B. Riley Securities Downgraded its Neutral to Sell on February 13, 2024, whereas the target price for the stock was revised from $19 to $4.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLCE now has a Market Capitalization of 101157272 and an Enterprise Value of 669963136. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07. Its current Enterprise Value per Revenue stands at 0.433 whereas that against EBITDA is 56.04.

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 $6.58. The 50-Day Moving Average of the stock is -17.36%, while the 200-Day Moving Average is calculated to be -57.16%.

Shares Statistics:

It appears that PLCE traded 1.14M shares on average per day over the past three months and 989850 shares per day over the past ten days. A total of 12.53M shares are outstanding, with a floating share count of 5.04M. Insiders hold about 60.38% of the company’s shares, while institutions hold 46.41% stake in the company. Shares short for PLCE as of 1715731200 were 3016329 with a Short Ratio of 2.38, compared to 1713139200 on 3143748. Therefore, it implies a Short% of Shares Outstanding of 3016329 and a Short% of Float of 57.830000000000005.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 2.11.

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