Childrens Place Inc (NASDAQ: PLCE): Stock That Needs Special Handling

Currently, there are 12.53M common shares owned by the public and among those 5.05M shares have been available to trade.

The company’s stock has a 5-day price change of 185.83% and 65.00% over the past three months. PLCE shares are trading -37.47% year to date (YTD), with the 12-month market performance down to -39.35% lower. It has a 12-month low price of $4.77 and touched a high of $38.03 over the same period. PLCE has an average intraday trading volume of 1.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 131.16%, 102.26%, and 8.59% respectively.

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Institutional ownership of Childrens Place Inc (NASDAQ: PLCE) shares accounts for 25.76% of the company’s 12.53M shares outstanding.

It has a market capitalization of $184.69M and a beta (3y monthly) value of 2.02. The earnings-per-share (ttm) stands at -$12.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 26.62% over the week and 12.04% over the month.

Analysts forecast that Childrens Place Inc (PLCE) will achieve an EPS of 3.36 for the current quarter, -1.71 for the next quarter and 0.86 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 3.36 while analysts give the company a high EPS estimate of 3.36. Comparatively, EPS for the current quarter was 3.22 a year ago. Earnings per share for the fiscal year are expected to increase by 95.78%, and 348.38% over the next financial year.

Looking at the support for the PLCE, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Market Perform rating for the stock in a research note on May 07, 2024, with the firm’s price target at $13-$9. B. Riley Securities coverage for the Childrens Place Inc (PLCE) stock in a research note released on April 24, 2024 offered a Neutral rating with a price target of $7. B. Riley Securities on their part issued Neutral rating on November 20, 2023.

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