Planet Fitness Inc. (NYSE:PLNT) saw an upside of 2.37% to close Tuesday at $59.60 after adding $1.38 on the day. The 5-day average trading volume is 1,204,240 shares of the company’s common stock. It has gained $61.47 in the past week and touched a new high 1 time within the past 5 days. An average of 1,551,220 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,677,924.
PLNT’s 1-month performance is -10.52% or -$7.83 on its low of $57.90 reached on 08/21/23. The company’s shares have touched a 52-week low of $54.15 and high of $85.90, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, PLNT has lost -24.37% or -$19.20 and has reached a new high 6 times. However, the current price is down -30.62% from the 52-week high price.
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Insider Transactions
PLNT stock investors last saw insider trading activity on Jun 05.Simmons Jennifer (Div President, Corp Stores) most recently sold 15 shares at $77.73 per share on Apr 10. This transaction cost the insider $1,166. Div President, Corp Stores, Simmons Jennifer, sold 86 shares at a price of $74.05 on Mar 20. Then, on Mar 20, SVP, Chief Accounting Officer O’Donnell Brian sold 61 shares at a price of $74.05 per share. This transaction amounted to $4,517.
Valuation Metrics
PLNT stock has a beta of 1.31. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.03 while the price to cash flow ratio at 28.38.
Planet Fitness Inc.’s quick ratio for the period ended June 29 was 1.80, with the current ratio over the same period at 1.80.. In terms of profitability, the gross margin trailing 12 months is 50.80%. The trailing 12-month EBITDA margin is 37.80% while for the period ending June 29, Planet Fitness Inc.’s operating margin was 24.70%. The firm’s gross profit as reported stood at $759.57 million against revenue of $936.77 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 45.7% to $41.14 million, while revenue of $22.71 million was 44.8% off the previous quarter. Analysts expected PLNT to announce $0.54 per share in earnings in its latest quarter, but it posted $0.65, representing a 20.40% surprise. EBITDA for the quarter stood at more than $115.05 million. PLNT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.06 billion, with total debt at $2.38 billion. Shareholders hold equity totaling $88.14 million.
Let’s look briefly at Planet Fitness Inc. (PLNT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 37.35% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.54%.
The stock’s 5-day moving average is $59.40, reflecting a -2.49% or -$1.52 change from its current price. PLNT is currently trading -11.04% above its 20-day SMA, -21.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -11.40% and SMA200 by-6.93%.
Stochastic %K and %D was 14.25% and 8.82% and the average true range (ATR) pointed at 1.59. The RSI (14) points at 36.67%, while the 14-day stochastic is at 26.73% with the period’s ATR at 1.63. The stock’s 9-day MACD Oscillator is pointing at -1.09 and -1.57 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Planet Fitness Inc. (NYSE: PLNT), Exane BNP Paribas downgraded it to an Underperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for PLNT stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisors rate PLNT as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 15 have offered a “buy” rating.
What is PLNT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $54.00 and a high of $100.00, with their median price target at $80.00. Looking at these predictions, the average price target given by analysts is for Planet Fitness Inc. (PLNT) stock is $79.06.
