PLBY Group Inc (PLBY) Stock Up 17.06%: Is It a Good Investment?

PLBY Group Inc [PLBY] stock is trading at $1.11, up 17.06%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PLBY shares have gain 0.91% over the last week, with a monthly amount glided 52.28%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

PLBY Group Inc [NASDAQ: PLBY] stock has seen the most recent analyst activity on August 10, 2023, when Stifel reiterated its Hold rating and also revised its price target to $1.50 from $2. Previously, ROTH MKM downgraded its rating to Neutral on May 11, 2023, and kept the price target unchanged to $2. On May 05, 2023, Jefferies initiated with a Buy rating and assigned a price target of $2.50 on the stock. ROTH MKM reiterated its Buy rating and decreased its price target to $5 on March 17, 2023. Stifel downgraded its rating to a Hold and reduced its price target to $7 on July 20, 2022. In a note dated March 02, 2022, Loop Capital reiterated an Buy rating on this stock and revised its target price from $50 to $26.

PLBY Group Inc [PLBY] stock has fluctuated between $0.43 and $1.55 over the past year. Currently, Wall Street analysts expect the stock to reach $12.63 within the next 12 months. PLBY Group Inc [NASDAQ: PLBY] shares were valued at $1.11 at the most recent close of the market. An investor can expect a potential return of 1037.84% based on the average PLBY price forecast.

Analyzing the PLBY fundamentals

PLBY Group Inc [NASDAQ:PLBY] reported sales of 105.43M for the trailing twelve months, which represents a drop of -61.35%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at -0.45%, Pretax Profit Margin comes in at -0.73%, and Net Profit Margin reading is -0.73%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -4.06 and Total Capital is -0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -13.39.

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 0.9901 points at the first support level, and at 0.8701 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1900, and for the 2nd resistance point, it is at 1.2699.

Ratios To Look Out For

For context, PLBY Group Inc’s Current Ratio is 1.44. Further, the Quick Ratio stands at 1.44, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 0.94.

Transactions by insiders

Recent insider trading involved Kohn Bernhard L III, CEO & President, that happened on Aug 20 ’24 when 79330.0 shares were sold. CEO & President, Kohn Bernhard L III completed a deal on Aug 19 ’24 to sell 69871.0 shares. Meanwhile, CEO & President Kohn Bernhard L III sold 71323.0 shares on Aug 21 ’24.

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