As of Friday close, Planet Fitness Inc.’s (NYSE:PLNT) stock was down -$0.44, moving down -0.96 percent to $45.37. The average number of shares traded per day over the past five days has been 4,406,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.92 fall in that time frame. In the last twenty days, the average volume was 2,370,870, while in the previous 50 days, it was 1,819,340.
Since last month, PLNT stock retreated -24.68%. Shares of the company fell to $44.62 on 09/22/23, the lowest level in the past month. A 52-week high of $85.90 was reached on 02/02/23 after having rallying from a 52-week low of $45.57. Since the beginning of this year, PLNT’s stock price has dropped by -42.42% or -$33.43, and marked a new high 6 times. However, the stock has declined by -47.19% since its 52-week high.
PLNT stock investors should be aware that Planet Fitness Inc. (PLNT) stock had its last reported insider trading activity 110 days ago on Jun 05. Rondeau Christopher, the Chief Executive Officer of the company, purchased of 10,000 shares for $64.98 on Jun 05. It resulted in a $649,850 investment by the insider. Simmons Jennifer sold 15 shares at an average price of $77.73 on Apr 10. The insider now owns 6,706 shares following the transaction. On Mar 20, Div President, Corp Stores Simmons Jennifer sold 86 shares at $74.05 apiece. The transaction was valued at $6,368.
Valuation Metrics
Right now, Planet Fitness Inc. (PLNT) has a P/E ratio of about 30.80. The stock’s beta is 1.35.
Financial Health
In the three months ended June 29, Planet Fitness Inc.’s quick ratio stood at 1.80, while its current ratio was 1.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 50.80% percent. In the year ended June 29, EBITDA margin amounted to 37.80%, whereas operating margins totaled 24.70%. Based on annual data, PLNT earned $759.57 million in gross profit and brought in $936.77 million in revenue.
In Planet Fitness Inc.’s quarter-end financial report for June 29, it reported total debt of $1.97 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PLNT’s revenue rose 21.65% to $222.23 million during the quarter, while net income inched up to $286.46 million. While analysts expected Planet Fitness Inc. to report $0.54 quarterly earnings, the actual figure was $0.65 per share, beating the consensus estimate by 20.40%. During the quarter, the company generated $115.05 million in EBITDA. The liabilities of Planet Fitness Inc. were 3.06 billion at the end of its most recent quarter ended June 29, and its total debt was $2.38 billion. The value of shareholders’ equity is $88.14 million.
Technical Picture
This quick technical analysis looks at Planet Fitness Inc.’s (PLNT) price momentum. With a historical volatility rate of 84.85%, the RSI 9-day stood at 14.80% on 22 September.
With respect to its five-day moving average, the current Planet Fitness Inc. price is down by -9.78% percent or -$4.92. At present, PLNT shares trade -23.49% below its 20-day simple moving average and -45.42% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.12% below its SMA50 and -41.39% below its SMA200.
Stochastic coefficient K was 4.22% and Stochastic coefficient D was 4.60%, while ATR was 2.14. Given the Stochastic reading of 4.39% for the 14-day period, the RSI (14) reading has been calculated as 19.13%. As of today, the MACD Oscillator reading stands at -5.30, while the 14-day reading stands at -8.26.
Analyst Ratings
Planet Fitness Inc. downgraded its rating on Planet Fitness Inc. (NYSE: PLNT) to a Neutral in a note to investors on September 19, 2023. The analysts firm previously had an Overweight rating on the stock.Planet Fitness Inc. (PLNT) has been rated Overweight by analysts. According to 1 brokerage firm, PLNT is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Planet Fitness Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $66.00, the current consensus forecast for the stock is $45.00 – $100.00. Based on these forecasts, analysts predict Planet Fitness Inc. (PLNT) will achieve an average price target of $67.82.
