Planet Fitness Inc (NYSE:PLNT) finished Friday with an addition of $2.23 to close at $49.18, an upside of 4.75 percent. An average of 2,940,100 shares of common stock have been traded in the last five days. There was a gain of $3.81 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 2,901,545 shares traded, while the 50-day average volume stands at 1,999,228.
PLNT stock has decreased by -19.86% in the last month. The company shares reached their 1-month lowest point of $44.13 on 09/26/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $44.13 and a high of $85.90 in 52 weeks. It has reached a new high 6 times so far this year and lost -37.59% or -$29.62 in price. In spite of this, the price is down -42.75% 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 173 days ago on Jun 05. In this transaction, the insider spent $1,166. Div President, Corp Stores, Simmons Jennifer, disposed of 86 shares at a price of $74.05 on Mar 20. The insider now owns more than $6,368 worth of shares. Prior to that, SVP, Chief Accounting Officer O’Donnell Brian went on to Sale 61 shares at $74.05 each on Mar 20. An amount of $4,517 was transacted.
Valuation Metrics
Planet Fitness Inc (PLNT) has a trailing price-to-earnings (P/E) ratio of 33.40. The stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.02, and the price-to-cash flow ratio at 22.66.
Financial Health
The quick ratio of Planet Fitness Inc for the recent quarter was 1.78, and the current ratio was 1.81, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $759.57 million compared to revenue of $936.77 million.
Earnings Surprise
For the recent quarter, Planet Fitness Inc had $1.97 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 $41.14 million in the quarter, while revenues of $22.71 million were grew 45.7%. Shareholders own equity worth $88.14 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 29 September was 44.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.99%.
As of today, PLNT’s price is $46.37 +8.40% or $3.81 from its 5-day moving average. PLNT is currently trading -19.11% lower than its 20-day SMA and -31.71% lower than its 100-day SMA. However, the stock’s current price level is -26.07% below the SMA50 and -34.63% below the SMA200.
The stochastic %K and %D were 20.10% and 12.09%, respectively, and the average true range (ATR) was 2.00. With the 14-day stochastic at 30.89% and the average true range at 1.94, the RSI (14) stands at 38.58%. The stock has reached 1.18 on the 9-day MACD Oscillator while the 14-day reading was at -2.10.
Analyst Ratings
Morgan Stanley launched coverage on Planet Fitness Inc (NYSE: PLNT) in its analyst report released on September 27, 2023. The firm assigned the stock an Overweight rating. The consensus rating for Planet Fitness Inc (PLNT) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PLNT, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 12 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 $45.00 and $100.00, with a median target of $65.00. Taking a look at these predictions, the average price target given by analysts for Planet Fitness Inc (PLNT) stock is $65.35.
