It’s Not A Fantasy To Think That PLBY Group Inc (PLBY) Has Big Future Potential

PLBY Group Inc (NASDAQ:PLBY) currently has a daily average trading volume of 2.77M but it saw 435639 shares traded in last market. With a market cap of 115.57M USD, the company’s current market price of $1.29 came rising about 6.61 while comparing to the previous closing price of $1.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.55 and as low as $0.45. In the recent trading on the day, stock has struck highest price mark of $1.2244 while lowest mark touched by it was $1.3186.

Taking a look at 20-day trading activity of PLBY Group Inc (PLBY) gives us an average price of $1.1484, while its current price level is -16.77% below from 52-week high level whereas it is 185.40% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.9108 while that of 200 days or SMA-200 reads an average of $0.8673. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.85% during that period while stretching the period over a month that increases to 15.40%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 63.86 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Stifel which reiterated the stock as “Hold” in its note to investors issued on August 10, 2023, recommending a price target of between $2 and $1.50 for it. ROTH MKM downgraded its recommendation for the stock as a “Neutral” from “Buy” on May 11, 2023 while assigning a price target of $2. Jefferies issued its recommendations for the stock as it initiated the price target for the stock is $2.50.

Over the week, PLBY’s stock price is moving 14.16% up while it is 53.35% when we observe its performance for the past one month. Year-to-date it is 29.00% up and over the past year, the stock is showing an upside performance of 138.36%.

Currently, PLBY Group Inc’s total number of outstanding shares is 72.53M. Company’s return on investment (ROI) stands at -39.92% and return on equity (ROE) at -477.69%. Stock’s beta reads 2.16. Stock has a price to sale or P/S ratio amounts to 1.10. Its return on asset (ROA) is -24.25% on average.