PLBY Group, Inc. (PLBY) Is Up 12.28% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: PLBY Group, Inc. - PLBY Group, Inc. currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance in the market [3][4]. - The stock has shown significant price increases, with shares up 12.28% over the past week and 66.15% over the past month, outperforming the Zacks Leisure and Recreation Products industry, which saw increases of 5.62% and 1.03% respectively [6]. - Over the past quarter, PLBY shares have risen 34.16%, and over the last year, they are up 41.18%, compared to the S&P 500's increases of 6.25% and 14.29% [7]. Trading Volume - The average 20-day trading volume for PLBY is 886,470 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - Recent earnings estimate revisions for PLBY show one upward revision for the full year, increasing the consensus estimate from -$0.19 to -$0.13 over the past 60 days, with similar positive trends for the next fiscal year [10]. Conclusion - Given the strong momentum indicators and positive earnings outlook, PLBY Group, Inc. is positioned as a promising investment opportunity [12].