At the last check on Thursday, The Children’s Place Inc.’s (NASDAQ:PLCE) stock was up $2.38, moving up 8.97 percent to $28.89. The average number of shares traded per day over the past five days has been 583,323 shares. 3 times new highs have been achieved over the past 5 days, with a $1.95 gain in that time frame. In the last twenty days, the average volume was 477,281, while in the previous 50 days, it was 735,856.
Since last month, PLCE stock retreated -0.45%. Shares of the company fell to $25.22 on 08/15/23, the lowest level in the past month. A 52-week high of $51.48 was reached on 02/02/23 after having rallying from a 52-week low of $14.27. Since the beginning of this year, PLCE’s stock price has dropped by -20.68% or -$7.93, and marked a new high 11 times. However, the stock has declined by -43.88% since its 52-week high.
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PLCE stock investors should be aware that The Children’s Place Inc. (PLCE) stock had its last reported insider trading activity 43 days ago on Jul 05. ELFERS JANE T, the President and CEO of the company, purchased of 43,000 shares for $23.70 on Jul 05. It resulted in a $1,019,100 investment by the insider.
Valuation Metrics
The stock’s beta is 2.18. Besides these, the trailing price-to-sales (P/S) ratio of 0.22, the price-to-book (PB) ratio of 2.84.
The latest dividend of $0.56 per share was paid out, remained unchanged from last year’s $0.56.
Financial Health
In the three months ended April 29, The Children’s Place Inc.’s quick ratio stood at 0.10, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.40, and the total debt-to-equity ratio was 2.79. On the profitability front, the trailing twelve-month gross margin is 28.10% percent. In the year ended April 29, EBITDA margin amounted to 8.45%, whereas operating margins totaled -3.10%. Based on annual data, PLCE earned $514.16 million in gross profit and brought in $1.71 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.40%. Return on equity (ROE) for the past 12 months was -29.30%.
In The Children’s Place Inc.’s quarter-end financial report for April 29, it reported total debt of $49.77 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PLCE’s revenue fell -12.66% to $456.13 million during the quarter, while net income inched up to $321.64 million. While analysts expected The Children’s Place Inc. to report -$1.83 quarterly earnings, the actual figure was -$2 per share, beating the consensus estimate by -9.30%. During the quarter, the company generated -$18.22 million in EBITDA. The liabilities of The Children’s Place Inc. were 889.05 million at the end of its most recent quarter ended April 29, and its total debt was $513.25 million. The value of shareholders’ equity is $12.48 million.
Technical Picture
This quick technical analysis looks at The Children’s Place Inc.’s (PLCE) price momentum. With a historical volatility rate of 77.51%, the RSI 9-day stood at 53.10% on 16 August.
With respect to its five-day moving average, the current The Children’s Place Inc. price is up by +7.35% percent or $1.95. At present, PLCE shares trade +0.39% above its 20-day simple moving average and -23.46% percent below its 100-day simple moving average. However, the stock is currently trading approximately +68.88% above its SMA50 and -26.78% below its SMA200.
Stochastic coefficient K was 24.56% and Stochastic coefficient D was 17.82%, while ATR was 1.78. Given the Stochastic reading of 46.25% for the 14-day period, the RSI (14) reading has been calculated as 53.22%. As of today, the MACD Oscillator reading stands at -0.45, while the 14-day reading stands at -1.88.
Analyst Ratings
B. Riley Securities launched its rating on The Children’s Place Inc. (NASDAQ: PLCE) to a Buy in a note to investors on May 11, 2023. The Children’s Place Inc. (PLCE) has been rated Overweight by analysts. According to 0 brokerage firms, PLCE is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate The Children’s Place Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $26.00, the current consensus forecast for the stock is $20.00 – $43.00. Based on these forecasts, analysts predict The Children’s Place Inc. (PLCE) will achieve an average price target of $28.75.
