The price of Childrens Place Inc (NASDAQ:PLCE) shares last traded on Wall Street rose 42.51% to $17.40.
PLCE stock price is now 134.98% away from the 50-day moving average and 30.82% away from the 200-day moving average. The market capitalization of the company currently stands at $221.33M.
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With the price target reduced from $13 to $9, Telsey Advisory Group maintained Market Perform rating for Childrens Place Inc (NASDAQ: PLCE). On April 24, 2024, B. Riley Securities Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock reducing its target price from $12 to quote $7, while ‘Monness Crespi & Hardt’ rates the stock as ‘Neutral’
In other news, Markee Maegan, Former Officer bought 4,000 shares of the company’s stock on Sep 11 ’24. The stock was bought for $36,001 at an average price of $9.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, Former Officer Markee Maegan bought 8,000 shares of the business’s stock. A total of $52,739 was incurred on buying the stock at an average price of $6.59. A total of 60.27% of the company’s stock is owned by insiders.
During the past 12 months, Childrens Place Inc has had a low of $4.77 and a high of $38.03. The fifty day moving average price for PLCE is $7.5916 and a two-hundred day moving average price translates $13.27495 for the stock.
The latest earnings results from Childrens Place Inc (NASDAQ: PLCE) was released for 2024-08-03. The net profit margin was -10.52% and return on equity was -1879.04% for PLCE. The company reported revenue of $319.65 million for the quarter, compared to $345.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.51 percent.
