Value gained By Planet Fitness Inc. (PLNT) In The Past Week: $70.26

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Planet Fitness Inc. (NYSE:PLNT) finished Wednesday with a subtraction of -$2.16 to close at $60.86, a downside of -3.43 percent. An average of 1,072,880 shares of common stock have been traded in the last five days. There was a fall of -$8.72 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 909,650 shares traded, while the 50-day average volume stands at 812,656.

PLNT stock has decreased by -18.58% in the last month. The company shares reached their 1-month lowest point of $60.76 on 09/21/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $61.11 and a high of $99.60 in 52 weeks. It has reached a new high 3 times so far this year and lost -32.81% or -$29.72 in price. In spite of this, the price is down -38.90% from the 52-week high.


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Insider Transactions

164 days have passed since Planet Fitness Inc. (PLNT) last reported insider trading activity. Bode William, who is Chief Operations Officer, most recently acquired $44 shares at $81.25 per share on Apr 11. In this transaction, the insider spent $3,575. Chief Operations Officer, Bode William, disposed of 116 shares at a price of $83.88 on Apr 05. The insider now owns more than $9,730 worth of shares. Prior to that, Chief Marketing Officer Tucker Jeremy went on to Sale 111 shares at $90.59 each on Nov 22. An amount of $10,055 was transacted.

Valuation Metrics

Planet Fitness Inc. (PLNT) has a trailing price-to-earnings (P/E) ratio of 83.03. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.63, and the price-to-cash flow ratio at 38.28.

Financial Health

The quick ratio of Planet Fitness Inc. for the three months ended March 30 was 2.00, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $486.03 million compared to revenue of $587.02 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Planet Fitness Inc.’s return on assets was 2.50%.

Earnings Surprise

For the three-month period that ended March 30, Planet Fitness Inc. had $1.99 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $22.34 million in the quarter, while revenues of $5.74 million were grew 75.02%. The analyst consensus anticipated Planet Fitness Inc.’s latest quarter earnings to come in at $0.27 per share, but it turned out to be $0.32, a 18.50% surprise. For the quarter, EBITDA amounted to $88.63 million. Shareholders own equity worth $90.39 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Planet Fitness Inc. (PLNT) price momentum. RSI 9-day as of the close on 21 September was 21.88%, suggesting the stock is oversold, with historical volatility in this time frame at 28.07%.

As of today, PLNT’s price is $64.48 -12.53% or -$8.72 from its 5-day moving average. PLNT is currently trading -20.14% lower than its 20-day SMA and -25.56% lower than its 100-day SMA. However, the stock’s current price level is -14.99% below the SMA50 and -24.49% below the SMA200.

The stochastic %K and %D were 3.90% and 8.75%, respectively, and the average true range (ATR) was 2.41. With the 14-day stochastic at 0.84% and the average true range at 2.43, the RSI (14) stands at 27.83%. The stock has reached -4.25 on the 9-day MACD Oscillator while the 14-day reading was at -4.13.

Analyst Ratings

Exane BNP Paribas upgraded Planet Fitness Inc. (NYSE: PLNT) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Planet Fitness Inc. (PLNT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PLNT, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 14 others rate it as a “buy”.

What is PLNT’s price target for the next 12 months?

Analysts predict a range of price targets between $73.00 and $115.00, with a median target of $94.00. Taking a look at these predictions, the average price target given by analysts for Planet Fitness Inc. (PLNT) stock is $92.94.

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