Planet Fitness Inc. (NYSE:PLNT) went up by 3.10% from its latest closing price compared to the recent 1-year high of $88.77. The company’s stock price has collected 6.92% of gains in the last five trading sessions. Press Release reported on 09/24/20 that Thinking about trading options or stock in Johnson & Johnson, Planet Fitness, Beyond Meat, Facebook, or Penn National Gaming?
Is It Worth Investing in Planet Fitness Inc. (NYSE :PLNT) Right Now?
Planet Fitness Inc. (NYSE:PLNT) scored a price-to-earnings ratio above its average ratio, recording 153.08 x from its present earnings ratio. Plus, the 36-month beta value for PLNT is at 1.11. Opinions of the stock are interesting as 10 analysts out of 15 who provided ratings for Planet Fitness Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $69.38, which is $11.64 above the current price. PLNT currently public float of 79.86M and currently shorts hold a 11.15% ratio of that float. Today, the average trading volume of PLNT was 1.78M shares.
PLNT’s Market Performance
PLNT stocks went up by 6.92% for the week, with a monthly jump of 4.30% and a quarterly performance of 5.06%, while its annual performance rate touched 10.45%. The volatility ratio for the week stands at 3.97% while the volatility levels for the past 30 days are set at 4.46% for Planet Fitness Inc.. The simple moving average for the period of the last 20 days is 6.26% for PLNT stocks with a simple moving average of 0.84% for the last 200 days.
Analysts’ Opinion of PLNT
DA Davidson, on the other hand, stated in their research note that they expect to see PLNT reach a price target of $86, previously predicting the price at $70. The rating they have provided for PLNT stocks is “Buy” according to the report published on June 03rd, 2020.
ROTH Capital gave a rating of “Neutral” to PLNT, setting the target price at $58 in the report published on May 12th of the current year.
PLNT Trading at 10.85% from the 50-Day Moving Average
After a stumble in the market that brought PLNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.43% of loss for the given period.
Volatility was left at 4.46%, however, over the last 30 days, the volatility rate increased by 3.97%, as shares surge +2.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.35% upper at present.
During the last 5 trading sessions, PLNT rose by +6.92%, which changed the moving average for the period of 200-days by -13.46% in comparison to the 20-day moving average, which settled at $59.86. In addition, Planet Fitness Inc. saw -14.93% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at PLNT starting from Rondeau Christopher, who sale 100,000 shares at the price of $60.73 back on Sep 15. After this action, Rondeau Christopher now owns 0 shares of Planet Fitness Inc., valued at $6,073,117 using the latest closing price.
Rondeau Christopher, the Chief Executive Officer of Planet Fitness Inc., sale 150,000 shares at $57.86 during a trade that took place back on Sep 14, which means that Rondeau Christopher is holding 0 shares at $8,678,473 based on the most recent closing price.
Stock Fundamentals for PLNT
Current profitability levels for the company are sitting at:
- +33.84 for the present operating margin
- +45.55 for the gross margin
The net margin for Planet Fitness Inc. stands at +17.09. The total capital return value is set at 23.83, while invested capital returns managed to touch 12.26. Equity return is now at value -5.50, with 2.00 for asset returns.
Currently, EBITDA for the company is -9.71M with total debt to EBITDA at 6.14. When we switch over and look at the enterprise to sales, we see a ratio of 11.09, with the company’s debt to enterprise value settled at 0.25. The receivables turnover for the company is 12.44 and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.71.