PLBY Group Inc. (NASDAQ:PLBY) traded with a subtraction of -$0.09 to $1.30 on Thursday, a downside of -6.47 percent. An average of 518,554 shares of common stock have been traded in the last five days. There was a fall of -$0.0700 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 754,219 shares traded, while the 50-day average volume stands at 994,129.
PLBY stock has decreased by -34.67% in the last month. The company shares reached their 1-month lowest point of $1.2900 on 08/24/23. With the stock rallying to its 52-week high on 01/20/23, shares of the company touched a low of $1.34 and a high of $5.07 in 52 weeks. It has reached a new high 5 times so far this year and lost -52.73% or -$1.4500 in price. In spite of this, the price is down -74.36% from the 52-week high.
Insider Transactions
PLBY stock investors should be aware that PLBY Group Inc. (PLBY) stock had its last reported insider trading activity 2 days ago on Aug 22. In this transaction, the insider spent $2,500. CEO & President, Kohn Bernhard L III, disposed of 24,326 shares at a price of $1.63 on May 18. The insider now owns more than $39,651 worth of shares. Prior to that, General Counsel & Secretary Riley Christopher went on to Sale 8,528 shares at $1.60 each on May 18. An amount of $13,670 was transacted.
Valuation Metrics
PLBY Group Inc. (PLBYstock’s beta is 2.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.48, the price-to-book (PB) ratio at 0.51.
Financial Health
The quick ratio of PLBY Group Inc. for the three months ended June 29 was 0.90, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.04 and a total debt to equity ratio of 1.05 for the quarter ending June 29. PLBY Group Inc.’s EBITDA margin for the year ending June 29 is -10.92%. Its gross profit as reported stood at $137.29 million compared to revenue of $266.93 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, PLBY Group Inc.’s return on assets was -43.50%.
Earnings Surprise
For the three-month period that ended June 29, PLBY Group Inc. had $186.49 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$133.88 million in the quarter, while revenues of -$37.68 million were grew 93.79%. The analyst consensus anticipated PLBY Group Inc.’s latest quarter earnings to come in at -$0.16 per share, but it turned out to be -$1.78, a -1,012.50% surprise. For the quarter, EBITDA amounted to -$155.26 million. Shareholders own equity worth $73.88 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PLBY Group Inc. (PLBY) price momentum. RSI 9-day as of the close on 23 August was 23.56%, suggesting the stock is oversold, with historical volatility in this time frame at 43.42%.
As of today, PLBY’s price is $1.3740 -5.11% or -$0.0700 from its 5-day moving average. PLBY is currently trading -26.14% lower than its 20-day SMA and -34.34% lower than its 100-day SMA. However, the stock’s current price level is -27.37% below the SMA50 and -63.89% below the SMA200.
The stochastic %K and %D were 8.15% and 9.66%, respectively, and the average true range (ATR) was 0.0938. With the 14-day stochastic at 1.82% and the average true range at 0.1022, the RSI (14) stands at 30.90%. The stock has reached -0.0322 on the 9-day MACD Oscillator while the 14-day reading was at -0.1251.
Analyst Ratings
Stifel reiterated its a Hold rating on PLBY Group Inc. (NASDAQ: PLBY), but raised their price target to $2, indicating a potential price increase of 35.0% for the stock. The consensus rating for PLBY Group Inc. (PLBY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PLBY, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is PLBY’s price target for the next 12 months?
Analysts predict a range of price targets between $1.50 and $5.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for PLBY Group Inc. (PLBY) stock is $3.07.
