The Childrens Place Inc (NASDAQ: PLCE) stock closed at $13.11 on 3/14/24 after a major decline of -11.4%. However, exceptionally low trading volume at 41% of normal accompanied the decline. The stock has declined -20.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, PLCE is expected to be Value Creation neutral.
Childrens Place has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Childrens Place has a slightly negative Appreciation Score of 36 and a very low Power Rating of 13, producing the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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