Placo (6347.T) up 15.58% after hours on JPX: what the move means for targets
Placo Co., Ltd. (6347.T stock) rallied 15.58% after hours to JPY 371.00 on JPX after an intraday high of JPY 385.00. Volume surged to 132,100 shares versus an average of 82,206, making Placo one of today’s top gainers in the Industrials sector. The jump follows renewed demand for recycling and biodegradable-plastics equipment, and traders are pricing a short-term re-rating. We review valuation, drivers and risks and give a concise outlook for investors using Meyka AI data and technicals.
6347.T stock: after-hours price action and market context
Placo (6347.T stock) closed after hours at JPY 371.00, up JPY 50.00 from the previous close of JPY 321.00 with a day range of JPY 359.00–385.00. The stock is trading below its year high of JPY 409.00 and well above its year low of JPY 182.00, highlighting strong intraday momentum in the JPX session. Sector peers in Industrial – Machinery show average P/E near 18.39, while Placo posts a negative P/E reflecting recent losses, which helps explain both volatility and trader interest.
Drivers: orders, product mix and sector demand
Placo’s product mix of inflation film and blow molding machines plus recycling equipment ties it to demand for biodegradable plastics and automotive parts. Recent sales momentum in recycling units and a reported improvement in gross profit (gross profit margin 29.32%) support the move. With full-time employees at 75 and a focus on low-emission production, order-book updates or new contracts could sustain the stock’s gains in the near term.
Valuation and financials: exact metrics investors should note
Key numbers: market cap JPY 3,349,271,016.00, EPS -2.66, PE quoted at -130.83, price-to-book 2.19, and price-to-sales 1.47. Balance-sheet strengths include cash per share JPY 133.48 and current ratio 2.29, while interest coverage is weak at -4.24, indicating profit volatility. Dividend per share is JPY 6.00, giving a dividend yield of 1.72%, but earnings remain negative, so valuation rests on recovery expectations rather than current profitability.
Meyka AI grade and technical read for 6347.T stock
Meyka AI rates 6347.T with a score of 64.09 out of 100 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Technical indicators show RSI 46.94, MACD histogram -2.96, and Bollinger middle band JPY 343.70, implying neutral momentum with room for follow-through if volume remains elevated. Remember grades are model outputs and not financial advice.
Price targets, forecast and scenario analysis
Analyst-style price targets for Placo: conservative JPY 330.00 (down 11.07%), base JPY 410.00 (up 10.51%), and bull JPY 450.00 (up 21.30%) versus current JPY 371.00. Meyka AI’s forecast model projects a monthly level of JPY 327.75, implying a downside of -11.66% from JPY 371.00; forecasts are model-based projections and not guarantees. Scenario risk includes slower equipment orders and margin pressure; upside depends on contract wins and improved operating income reported next quarter.
Catalysts and risks for short-term traders and investors
Near-term catalysts: order announcements for recycling equipment, updated earnings guidance, and stronger domestic capex in packaging. Major risks: negative EPS, weak interest coverage -4.24, and a long cash conversion cycle (inventory days 90.80, DSO 68.49). Compare Placo’s debt-to-equity 0.68 to the Industrials sector average 0.40 when assessing balance-sheet risk. For primary sources see Placo’s site and JPX listing for filings and market updates Placo site JPX.
Final Thoughts
Placo (6347.T stock) led after-hours gainers with a 15.58% rise to JPY 371.00, driven by volume of 132,100 shares and renewed demand signals in recycling equipment. The company shows operational strengths, such as cash per share JPY 133.48 and a current ratio of 2.29, but earnings remain negative (EPS -2.66) and interest coverage is weak at -4.24. Meyka AI rates the stock 64.09/100 (Grade B, HOLD) and highlights valuation anchored to recovery expectations rather than current profit. Our scenario targets put a base case at JPY 410.00 and a conservative case at JPY 330.00. Meyka AI’s forecast model projects a monthly level of JPY 327.75, implying downside of -11.66% versus today’s price; forecasts are model-based projections and not guarantees. Short-term traders may chase momentum in after hours, but medium-term investors should wait for clearer earnings improvement or confirmed order flow. Use position sizing and monitor next earnings announcement on 2026-02-13 for updated guidance. For live data and longer-term screening visit Meyka AI’s stock page for 6347.T.
FAQs
Why did 6347.T stock spike after hours today?
The after-hours spike to JPY 371.00 came with higher volume (132,100) and market interest in Placo’s recycling and biodegradable-plastics equipment. Short-term traders likely reacted to order momentum and sector re-rating, not to a formal earnings beat.
What is Meyka AI’s view on 6347.T stock valuation?
Meyka AI flags mixed signals: price-to-book 2.19 and price-to-sales 1.47 look reasonable, but EPS is negative at -2.66 and interest coverage is -4.24, so valuation relies on operating recovery rather than current earnings.
What price targets should investors consider for 6347.T stock?
Consider a conservative target JPY 330.00, a base target JPY 410.00, and a bull target JPY 450.00. Targets reflect scenarios from modest order growth to a sustained contract pipeline improving operating income.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
