Childrens Place Inc (PLCE) Volatility Spurs A Quest For Clarity

Currently, there are 12.78M common shares owned by the public and among those 4.88M shares have been available to trade.

The company’s stock has a 5-day price change of -11.73% and -40.40% over the past three months. PLCE shares are trading -57.24% year to date (YTD), with the 12-month market performance down to -57.76% 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 596.84K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -20.99%, -24.94%, and -7.11% respectively.

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Institutional ownership of Childrens Place Inc (NASDAQ: PLCE) shares accounts for 25.21% of the company’s 12.78M shares outstanding.

It has a market capitalization of $126.87M and a beta (3y monthly) value of 2.35. The earnings-per-share (ttm) stands at -$14.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.22% over the week and 10.65% over the month.

Earnings per share for the fiscal year are expected to increase by 117.31%, and 58.38% 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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