Childrens Place Inc [PLCE] stock prices are up 8.29% to $8.62 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PLCE shares have gain 4.23% over the last week, with a monthly amount drifted -25.04%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Childrens Place Inc [NASDAQ: PLCE] stock has seen the most recent analyst activity on May 07, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also revised its price target to $9 from $13. Previously, B. Riley Securities upgraded its rating to Neutral on April 24, 2024, and dropped its price target to $7. On February 13, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $4 on the stock. Monness Crespi & Hardt downgraded its rating to a Neutral. B. Riley Securities downgraded its rating to a Neutral and reduced its price target to $19 on November 20, 2023. Monness Crespi & Hardt reiterated a Buy rating for this stock on November 17, 2023, and downed its price target to $30. In a note dated August 18, 2023, Monness Crespi & Hardt reiterated an Buy rating on this stock and boosted its target price from $30 to $36.
The stock price of Childrens Place Inc [PLCE] has been fluctuating between $6.58 and $38.03 over the past year. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. Childrens Place Inc [NASDAQ: PLCE] shares were valued at $8.62 at the most recent close of the market. An investor can expect a potential return of 120.42% based on the average PLCE price forecast.
Analyzing the PLCE fundamentals
The Childrens Place Inc [NASDAQ:PLCE] reported sales of 1.55B for trailing twelve months, representing a drop of -16.71%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -4.08 and Total Capital is -0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-13.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.04 points at the first support level, and at 7.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.10, and for the 2nd resistance point, it is at 9.59.
Ratios To Look Out For
It’s worth pointing out that Childrens Place Inc [NASDAQ:PLCE]’s Current Ratio is 0.89. In addition, the Quick Ratio stands at 0.15 and the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 0.07.
Transactions by insiders
Recent insider trading involved Mithaq Capital SPC, 10% Owner, that happened on Feb 13 ’24 when 0.97 million shares were purchased. 10% Owner, Mithaq Capital SPC completed a deal on Feb 12 ’24 to buy 1.57 million shares. Meanwhile, 10% Owner Mithaq Capital SPC bought 1.85 million shares on Feb 09 ’24.
