In last trading session, Childrens Place Inc (NASDAQ:PLCE) saw 0.38 million shares changing hands with its beta currently measuring 2.16. Company’s recent per share price level of $5.08 trading at -$0.15 or -2.87% at ring of the bell on the day assigns it a market valuation of $64.57M. That closing price of PLCE’s stock is at a discount of -648.62% from its 52-week high price of $38.03 and is indicating a discount of -0.2% from its 52-week low price of $5.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.31 million shares which gives us an average trading volume of 584.58K if we extend that period to 3-months.
For Childrens Place Inc (PLCE), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -1.1 in the current quarter.
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Childrens Place Inc (NASDAQ:PLCE) trade information
Upright in the red during last session for losing -2.87%, in the last five days PLCE remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $5.08 price level, adding 14.62% to its value on the day. Childrens Place Inc’s shares saw a change of -78.12% in year-to-date performance and have moved -12.86% in past 5-day. Childrens Place Inc (NASDAQ:PLCE) showed a performance of -30.22% in past 30-days. Number of shares sold short was 2.4 million shares which calculate 5.3 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 10.5 to the stock, which implies a rise of 51.62% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 48. It follows that stock’s current price would drop -37.8% in reaching the projected high whereas dropping to the targeted low would mean a loss of -37.8% for stock’s current value.
Childrens Place Inc (PLCE) estimates and forecasts
This year revenue growth is estimated to fall -3.30% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 327.38M for the same. And 1 analysts are in estimates of company making revenue of 460.04M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around 95.78% while estimates for its earnings growth in next 5 years are of -7.10%.
Childrens Place Inc (NASDAQ:PLCE)’s Major holders
Insiders are in possession of 7.63% of company’s total shares while institution are holding 81.98 percent of that, with stock having share float percentage of 88.75%. Investors also watch the number of corporate investors in a company very closely, which is 81.98% institutions for Childrens Place Inc that are currently holding shares of the company. MITHAQ CAPITAL SPC is the top institutional holder at PLCE for having 7.0 million shares of worth $55.71 million. And as of 2024-06-30, it was holding 55.3807 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 0.37 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.95 of outstanding shares, having a total worth of $3.04 million.
