PLBY Group Inc (NASDAQ: PLBY) stock fell -2.30% on Monday to $0.46 against a previous-day closing price of $0.47. With 0.39 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.61 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.4800 whereas the lowest price it dropped to was $0.4491. The 52-week range on PLBY shows that it touched its highest point at $4.43 and its lowest point at $0.43 during that stretch. It currently has a 1-year price target of $3.17. Beta for the stock currently stands at 2.22.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLBY was down-trending over the past week, with a drop of -0.02%, but this was down by -24.13% over a month. Three-month performance dropped to -67.45% while six-month performance fell -73.47%. The stock lost -88.05% in the past year, while it has lost -83.31% so far this year. A look at the trailing 12-month EPS for PLBY yields -2.79 with Next year EPS estimates of -0.22. For the next quarter, that number is -0.11. This implies an EPS growth rate of 53.81% for this year and 91.75% for next year.
Float and Shares Shorts:
At present, 74.06 million PLBY shares are outstanding with a float of 48.90 million shares on hand for trading. On Oct 30, 2023, short shares totaled 7.15 million, which was 9.68% higher than short shares on Sep 28, 2023.
Other institutions hold 7.98% of PLBY, in contrast to 4.60% held by mutual funds. Shares owned by individuals account for 33.70%. As the largest shareholder in PLBY with 3.48% of the stake, The Vanguard Group, Inc. holds 2,570,179 shares worth 2,570,179. A second-largest stockholder of PLBY, Builders Union LLP, holds 2,063,079 shares, controlling over 2.79% of the firm’s shares. Millennium Management LLC is the third largest shareholder in PLBY, holding 637,257 shares or 0.86% stake. With a 2.01% stake in PLBY, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,487,321 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.06% of PLBY stock, is the second-largest Mutual Fund holder. It holds 781,211 shares valued at 0.5 million. Fidelity Extended Market Index Fu holds 0.37% of the stake in PLBY, owning 275,563 shares worth 0.18 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLBY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PLBY analysts setting a high price target of $4.00 and a low target of $1.50, the average target price over the next 12 months is $3.17. Based on these targets, PLBY could surge 769.57% to reach the target high and rise by 226.09% to reach the target low. Reaching the average price target will result in a growth of 589.13% from current levels.
Summary of Insider Activity:
Insiders traded PLBY stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 1,763 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 15,305,578 while 11,718,118 shares were sold.