Extremely important negative changes in investment behavior have recently occurred for The Childrens Place Inc (NASDAQ: PLCE): negative upside/downside volume developed, and its shorter term price trend turned down.
The Childrens Place Inc (NASDAQ: PLCE). Notable negative changes in fundamentals have recently occurred. Negative developments: significant quarterly sales deceleration occurred, the consensus estimate for January, 2024 decreased significantly, and the consensus estimate for January, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
The stock is currently unrated.
Current PriceTarget Research Rating
PLCE is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Childrens Place is currently unrated.
Recent Price Action
The Childrens Place Inc (NASDAQ: PLCE) stock declined by -4.8% on 7/18/24. The shares closed at $7.66. However, this decline was accompanied by below average trading volume at 80% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -10.3% during the last week.
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