PLBY Group Inc (NASDAQ:PLBY) marked $0.47 per share on Friday, up from a previous closing price of $0.45. While PLBY Group Inc has overperformed by 4.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PLBY fell by -87.40%, with highs and lows ranging from $4.43 to $0.43, whereas the simple moving average fell by -69.51% in the last 200 days.
On August 10, 2023, Stifel Reiterated PLBY Group Inc (NASDAQ: PLBY) to Hold.
Analysis of PLBY Group Inc (PLBY)
Further, the quarter-over-quarter decrease in sales is -47.69%, showing a negative trend in the upcoming months.
In order to gain a clear picture of PLBY Group Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -210.81% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.83, 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.
An average volume of 609.27K can be a very valuable indicator of volatility for PLBY stock. On a monthly basis, the volatility of the stock is set at 10.91%, whereas on a weekly basis, it is put at 12.07%, with a loss of -7.90% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.17, showing growth from the present price of $0.47, 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?
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 33.97%. 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 12.54% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in PLBY shares?
The recent increase in stakes in PLBY appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in PLBY has increased by 37.85% in the first quarter. The company now owns 2,570,179 shares of the stock, with a value of $1.65 million, following the purchase of 705,709 additional shares during the last quarter. Builders Union LLP made another decreased to its shares in PLBY during the first quarter, downing its stake by -43.28%. During the last quarter, the company dropped down -1,573,928 additional shares for a total stake of worth $1.32 million, bringing number of shares owned by the company to 2,063,079.
During the first quarter, Millennium Management LLC subtracted a -71,619 position in PLBY. BlackRock Fund Advisors sold an additional 29000.0 shares in the last quarter, decreasing its holdings by -5.11%, now holding 0.54 million shares worth $0.35 million. At the end of the first quarter, Geode Capital Management LLC decreased its PLBY holdings by -1.16% and now holds 0.53 million PLBY shares valued at $0.34 million with the lessened 6171.0 shares during the period. PLBY shares are owned by institutional investors to the tune of 12.54% at present.