The stock of Planet Fitness Inc. (NYSE:PLNT) decreased by -$2.08 on Tuesday to finish at $46.42, down -4.29 percent. The last five days have seen an average of 5,424,400 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$32.38. The average number of shares traded over the last 20 days was 2,063,830, while the average volume over the last 50 days totaled 1,687,462.
PLNT stock dropped -22.07% since last month. On 09/19/23, the company’s shares reached a one-month low of $45.58. The stock touched a high of $85.90 on 02/02/23, after rallying from a low of $48.01 in 52 weeks. The price of PLNT stock has declined by -41.09% or -$32.38 this year, reaching a new high 6 times. Still, the stock price is down -45.96% from the 52-week high.
Insider Transactions
PLNT stock investors should be aware that Planet Fitness Inc. (PLNT) stock had its last reported insider trading activity 107 days ago on Jun 05. On Jun 05, Chief Executive Officer Rondeau Christopher acquired 10,000 shares at $64.98 each. This transaction resulted in the insider spending $649,850. On Apr 10, Simmons Jennifer sold 15 shares at a price of US$77.73. After the transaction, the insider now owns 6,706 shares. Div President, Corp Stores Simmons Jennifer had earlier sold 86 shares on Mar 20 for $74.05 a share. The transaction was completed for $6,368.
Valuation Metrics
Planet Fitness Inc. (PLNT) has a trailing price-to-earnings (P/E) ratio of 31.51. Beta for the stock is 1.32. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.70, and the price-to-cash flow ratio of 26.51.
Financial Health
For the three months ended June 29, Planet Fitness Inc.’s quick ratio was 1.80, while its current ratio was 1.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 50.80% percent. Planet Fitness Inc.’s EBITDA margin for the year ended June 29 was 37.80%, whereas its operating margin stood at 24.70% for the same period. Based on annual data, it had gross profit of $759.57 million and revenue of $936.77 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PLNT’s return on assets (ROA) during the last 12 months has been 4.30%. There was a 10.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -65.90%.
Earnings Surprise
According to Planet Fitness Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $286.46 million, while revenues rose by 21.65% to $222.23 million. It was predicted that Planet Fitness Inc.’s quarterly earnings would be $0.65, but it ended up being $0.54, beating the consensus by 20.40%. EBITDA was $115.05 million for the quarter. At the end of Planet Fitness Inc.’s most recent quarter ended June 29, its liabilities totaled 3.06 billion, while its total debt was $2.38 billion. Equity owned by shareholders amounts to $88.14 million.
Technical Picture
Here’s a quick look at Planet Fitness Inc.’s (PLNT) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 14.74%, suggesting the stock is oversold, with a 83.57% historical volatility rate.
The stochastic %K and %D were 3.92% and 18.28% respectively, while the average true range (ATR) was 2.43. Based on the 14-day stochastic reading of 5.10%, the RSI (14) reading is 19.41%. On the 9-day MACD Oscillator, the stock is at -7.16, and the 14-day reading is at -9.10.
Analyst Ratings
Planet Fitness Inc. (NYSE: PLNT) was downgraded by JP Morgan to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Planet Fitness Inc. (PLNT) an Overweight rating. PLNT is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 12 others recommend it as a buy.
What is PLNT’s price target for the next 12 months?
The current consensus forecast for the stock is between $45.00 and $100.00, with a median target price of $66.00. In analyzing these forecasts, the average price target given by analysts for Planet Fitness Inc. (PLNT) is $67.82.
