The trading price of The Children’s Place Inc. (NASDAQ:PLCE) closed higher on Tuesday, May 23, closing at $23.76, 0.93% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $23.34 and $24.48. In examining the 52-week price action we see that the stock hit a 52-week high of $57.00 and a 52-week low of $22.09. Over the past month, the stock has lost -26.28% in value.
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The Children’s Place Inc., whose market valuation is $314.34 million at the time of this writing, is expected to release its quarterly earnings report May 24, 2023. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$1.83 per share this quarter, however they have predicted annual earnings per share of $2.15 for 2024 and $5.34 for 2025. It means analysts are expecting annual earnings per share growth of 2,787.50% this year and 148.40% next year.
Analysts have forecast the company to bring in revenue of $338.46 million for the current quarter, with the likely lows of $337.54 million and highs of $340 million. The average estimate suggests sales will likely down by -6.60% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $1.65 billion. The company’s revenue is forecast to drop by -3.70% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of The Children’s Place Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest PLCE has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that PLCE’s price is currently -11.62% off the SMA20 and -27.68% off the SMA50. The RSI metric on the 14-day chart is currently showing 30.13, and weekly volatility stands at 5.78%. When measured over the past 30 days, the indicator reaches 5.32%. The Children’s Place Inc. (NASDAQ:PLCE)’s beta value is currently sitting at 1.99, while the Average True Range indicator is currently displaying 1.59.
To see how The Children’s Place Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: PLCE stock’s performance was 0.93% in the latest trading, and -47.95% in the past year, while Carter’s Inc. (CRI) has traded 0.50% on the day and positioned -14.47% lower than it was a year ago. Another comparable company The Gap Inc. (GPS) saw its stock close -4.40% lower in the most recent trading session but was down -30.47% in a year. Furthermore, Urban Outfitters Inc. (URBN) showed a decrease of -1.41% on the day while its price kept inclining at 33.43% over the past year. Also in last trading session, the S&P 500 Index has plunged -1.12%, while the Dow Jones Industrial also saw a negative session, down -0.69% on the day.
An evaluation of the daily trading volume of The Children’s Place Inc. (NASDAQ:PLCE) indicates that the 3-month average is 570.92K. However, this figure has increased over the past 10 days to an average of 0.66 million.
Currently, records show that 11.94 million of the company’s shares remain outstanding. The insiders hold 2.20% of outstanding shares, whereas institutions hold 95.00%. The stats also highlight that short interest as of Apr 27, 2023, stood at 2.95 million shares, resulting in a short ratio of 5.22 at that time. From this, we can conclude that short interest is 23.81% of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 2.83 million. However, since the stock’s price has seen -34.76% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.