In last trading session, Childrens Place Inc (NASDAQ:PLCE) saw 1.46 million shares changing hands with its beta currently measuring 2.19. Company’s recent per share price level of $16.66 trading at -$0.69 or -3.98% at ring of the bell on the day assigns it a market valuation of $211.92M. That closing price of PLCE’s stock is at a discount of -128.27% from its 52-week high price of $38.03 and is indicating a premium of 71.37% from its 52-week low price of $4.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.41 million shares which gives us an average trading volume of 2.36 million 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 2.63 in the current quarter.
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Childrens Place Inc (NASDAQ:PLCE) trade information
Upright in the red during last session for losing -3.98%, in the last five days PLCE remained trading in the green while hitting it’s week-highest on Tuesday, 09/24/24 when the stock touched $16.66 price level, adding 15.6% to its value on the day. Childrens Place Inc’s shares saw a change of -28.25% in year-to-date performance and have moved 10.04% in past 5-day. Childrens Place Inc (NASDAQ:PLCE) showed a performance of 170.45% in past 30-days. Number of shares sold short was 2.82 million shares which calculate 8.2 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 13.5 to the stock, which implies a fall of -23.41% 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 jump 57.98% in reaching the projected high whereas dropping to the targeted low would mean a gain of 57.98% for stock’s current value.
Childrens Place Inc (PLCE) estimates and forecasts
This year revenue growth is estimated to fall -9.40% 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 437.12M for the same. And 1 analysts are in estimates of company making revenue of 427.23M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around 125.93% 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 7.62% of company’s total shares while institution are holding 83.89 percent of that, with stock having share float percentage of 90.81%. Investors also watch the number of corporate investors in a company very closely, which is 83.89% 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.
