While PLBY Group Inc has overperformed by 2.68%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PLBY rose by 145.59%, with highs and lows ranging from $1.55 to $0.52, whereas the simple moving average jumped by 74.24% in the last 200 days.
On August 10, 2023, Stifel Reiterated PLBY Group Inc (NASDAQ: PLBY) to Hold. A report published by ROTH MKM on May 11, 2023, Downgraded its rating to ‘Neutral’ for PLBY. Jefferies also rated PLBY shares as ‘Buy’, setting a target price of $2.50 on the company’s shares in an initiating report dated May 05, 2023. ROTH MKM Reiterated the rating as Buy on March 17, 2023, but set its price target from $7 to $5. Stifel July 20, 2022d its ‘Buy’ rating to ‘Hold’ for PLBY, as published in its report on July 20, 2022. Canaccord Genuity’s report from April 20, 2022 suggests a price prediction of $28 for PLBY shares, giving the stock a ‘Buy’ rating. Loop Capital also rated the stock as ‘Buy’.
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Analysis of PLBY Group Inc (PLBY)
Further, the quarter-over-quarter decrease in sales is -61.35%, showing a negative trend in the upcoming months.
To gain a thorough understanding of PLBY Group Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -477.69% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.44, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PLBY is recording an average volume of 2.86M. On a monthly basis, the volatility of the stock is set at 11.37%, whereas on a weekly basis, it is put at 9.81%, with a gain of 10.87% over the past seven days. Furthermore, long-term investors anticipate a median target price of $0.90, showing decline from the present price of $1.53, which can serve as yet another indication of whether PLBY is worth investing in or should be passed over.
How Do You Analyze PLBY Group Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 55.86%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 5.84% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PLBY shares are owned by institutional investors to the tune of 5.84% at present.
