The stock of PLBY Group Inc. (NASDAQ:PLBY) increased by $0.03 on Friday to finish at $1.33, up 2.31 percent. The last five days have seen an average of 688,980 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$1.4200. The average number of shares traded over the last 20 days was 779,780, while the average volume over the last 50 days totaled 1,005,408.
PLBY stock dropped -24.43% since last month. On 08/24/23, the company’s shares reached a one-month low of $1.2800. The stock touched a high of $5.07 on 01/20/23, after rallying from a low of $1.28 in 52 weeks. The price of PLBY stock has declined by -51.64% or -$1.4200 this year, reaching a new high 5 times. Still, the stock price is down -73.77% 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 6 days ago on Aug 22. On Aug 22, CAO & Treasurer Beuting Florus sold 1,763 shares at $1.42 each. This transaction resulted in the insider making $2,500. On May 18, Kohn Bernhard L III sold 24,326 shares at a price of US$1.63. After the transaction, the insider now owns 1,386,982 shares. General Counsel & Secretary Riley Christopher had earlier sold 8,528 shares on May 18 for $1.60 a share. The transaction was completed for $13,670.
Valuation Metrics
Beta for the stock is 2.37. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 0.53.
Financial Health
For the three months ended June 29, PLBY Group Inc.’s quick ratio was 0.90, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.04, and the total debt to equity ratio is 1.05. As far as profitability goes, gross margin for the trailing twelve months is 48.00% percent. Based on annual data, it had gross profit of $137.29 million and revenue of $266.93 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PLBY’s return on assets (ROA) during the last 12 months has been -43.50%. There was a -69.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -122.20%.
Earnings Surprise
According to PLBY Group Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $35.1 million, while revenues fell by -86.35% to $51.44 million. It was predicted that PLBY Group Inc.’s quarterly earnings would be -$1.78, but it ended up being -$0.16, beating the consensus by -1,012.50%. EBITDA was -$155.26 million for the quarter. At the end of PLBY Group Inc.’s most recent quarter ended June 29, its liabilities totaled 329.77 million, while its total debt was $219.5 million. Equity owned by shareholders amounts to $73.88 million.
Technical Picture
Here’s a quick look at PLBY Group Inc.’s (PLBY) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 29.03%, suggesting the stock is oversold, with a 47.76% historical volatility rate.
The stochastic %K and %D were 7.54% and 9.24% respectively, while the average true range (ATR) was 0.0927. Based on the 14-day stochastic reading of 9.62%, the RSI (14) reading is 33.73%. On the 9-day MACD Oscillator, the stock is at -0.0400, and the 14-day reading is at -0.1189.
Analyst Ratings
In a note to investors, Stifel maintained its a Hold rating on PLBY Group Inc. (NASDAQ: PLBY). However, the firm raised their price target to $1.50, indicating a possible increase of 33.5% in the stock price. Analysts have assigned PLBY Group Inc. (PLBY) an Overweight rating. PLBY is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is PLBY’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.50 and $5.00, with a median target price of $3.00. In analyzing these forecasts, the average price target given by analysts for PLBY Group Inc. (PLBY) is $3.07.
