Is PLBY Group Inc (NASDAQ: PLBY) Stock Poised for More Growth?

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In the latest trading session, 2.27 million PLBY Group Inc (NASDAQ:PLBY) shares changed hands as the company’s beta touched 2.30. With the company’s most recent per share price at $0.87 changing hands around $0.15 or 20.09% at last look, the market valuation stands at $64.25M. PLBY’s current price is a discount, trading about -78.16% off its 52-week high of $1.55. The share price had its 52-week low at $0.43, which suggests the last value was 50.57% up since then. When we look at PLBY Group Inc’s average trading volume, we note the 10-day average is 0.13 million shares, with the 3-month average coming to 260.33K.

Analysts gave the PLBY Group Inc (PLBY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended PLBY as a Hold, 3 felt it is a Buy and 1 rated the stock as Underweight.

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PLBY Group Inc (NASDAQ:PLBY) trade information

Instantly PLBY is in green as seen in intraday trades today. With action 21.62%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -13.04%, with the 5-day performance at 21.62% in the green. However, in the 30-day time frame, PLBY Group Inc (NASDAQ:PLBY) is 17.51% up. Looking at the short shares, we see there were 3.59 million shares sold at short interest cover period of 14.94 days.

The consensus price target for the stock as assigned by Wall Street analysts is 18.5, meaning bulls need an upside of 95.3% from its recent market value. According to analyst projections, PLBY’s forecast low is 9 with 28 as the target high. To hit the forecast high, the stock’s price needs a -3118.39% plunge from its current level, while the stock would need to soar -934.48% for it to hit the projected low.

PLBY Group Inc (PLBY) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -1171.57%. The 2024 estimates are for PLBY Group Inc earnings to increase by 73.46%, but the outlook for the next 5-year period is at 30.00% per year.

PLBY Dividends

PLBY Group Inc is expected to release its next quarterly earnings report on 2024-Nov-07.

PLBY Group Inc (NASDAQ:PLBY)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 5.37% of PLBY Group Inc shares while 35.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 37.46%. There are 35.44% institutions holding the PLBY Group Inc stock share, with FORTRESS INVESTMENT GROUP LLC the top institutional holder. As of 2024-06-30, the company held 3.5516% of the shares, roughly 2.58 million PLBY shares worth $2.01 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 3.3201% or 2.41 million shares worth $1.88 million as of 2024-06-30.

Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 1.58 shares estimated at $1.38 million under it, the former controlled 2.14% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.06% of the shares, roughly 781.21 shares worth around $0.68 million.