Does PLBY Group Inc (NASDAQ: PLBY) Still Need To Convince Analysts?

PLBY Group Inc (NASDAQ:PLBY) traded at $1.81 at last check on current trade day and made an upward move of 28.48% on its previous day’s price.

Looking at the stock we see that its previous close was $1.41 with the day’s price range being $1.64 – $1.99. In terms of its 52-week price range, PLBY has a high of $1.74 and a low of $0.52. The company’s stock has gained about 63.20% over that past 30 days.

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PLBY Group Inc has a market cap of $145.75 million and is expected to release its quarterly earnings report in January.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 14.3M, with a low of 14.3M and a high of 14.3M. The median projection represents growth adding up to -63.67% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 80.3M, or -43.83% down from figures reported last year.

On the other hand, looking at the outlook for the PLBY stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.

Based on estimates by 4 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the PLBY Group Inc (PLBY) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 29.90% off its SMA20 and 64.18% from its 50-day simple moving average. The RSI (14) is pointing at 69.25 while the volatility over the past week is 12.37% and jumps to 10.23% over the past one month. The beta value is 2.22, while the average true range (ATR) is currently pointing at 0.18. The average price target for the stock over the next 12 months is $0.9, with the estimates having a low of $0.9 and a high of $0.9. These price ends are 50.28% and 50.28% off the today’s price level respectively, although investors could be excited at the prospect of a 50.28% if the PLBY share price touches on the median price of $0.9.

Coming back to PLBY Group Inc (NASDAQ:PLBY), we note that the average 3-month trading volume was 2.88 million, while that of the preceding 10-day period stands at 0.61 million. Current shares outstanding are 74.64 million.

The insiders hold 46.07% of the company’s shares while institutions hold 5.84%. The data shows that short shares as of 2024-11-29, stood at 2.72 million at a short ratio of 0.37. This represents a 391.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 3.82 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 81.15% up in year-to-date price movement.

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