Is There a Dimmer Outlook Ahead for Planet Fitness Inc. (PLNT)?

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Planet Fitness Inc. (NYSE:PLNT) went up by 5.82% from its latest closing price compared to the recent 1-year high of $90.34. The company’s stock price has collected 11.54% of gains in the last five trading sessions. The Wall Street Journal reported on 03/31/21 that Planet Fitness CFO Looks to Add Customers as Competitors Struggle During Pandemic

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Is It Worth Investing in Planet Fitness Inc. (NYSE :PLNT) Right Now?

Plus, the 36-month beta value for PLNT is at 1.25. Opinions of the stock are interesting as 8 analysts out of 16 who provided ratings for Planet Fitness Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 6 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $83.86, which is -$1.45 below the current price. PLNT currently public float of 81.67M and currently shorts hold a 6.24% ratio of that float. Today, the average trading volume of PLNT was 1.42M shares.

PLNT’s Market Performance

PLNT stocks went up by 11.54% for the week, with a monthly jump of 5.34% and a quarterly performance of 11.28%, while its annual performance rate touched 87.97%. The volatility ratio for the week stands at 3.79% while the volatility levels for the past 30 days are set at 4.02% for Planet Fitness Inc.. The simple moving average for the period of the last 20 days is 9.06% for PLNT stocks with a simple moving average of 25.28% for the last 200 days.

Analysts’ Opinion of PLNT

Many brokerage firms have already submitted their reports for PLNT stocks, with Cowen repeating the rating for PLNT by listing it as a “Market Perform.” The predicted price for PLNT in the upcoming period, according to Cowen is $85 based on the research report published on March 04th of the current year 2021.

JP Morgan, on the other hand, stated in their research note that they expect to see PLNT reach a price target of $69. The rating they have provided for PLNT stocks is “Neutral” according to the report published on January 25th, 2021.

PLNT Trading at 8.67% 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 -4.56% of loss for the given period.

Volatility was left at 4.02%, however, over the last 30 days, the volatility rate increased by 3.79%, as shares surge +5.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.43% upper at present.

During the last 5 trading sessions, PLNT rose by +11.54%, which changed the moving average for the period of 200-days by +34.91% in comparison to the 20-day moving average, which settled at $79.28. In addition, Planet Fitness Inc. saw 11.07% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PLNT starting from O’Donnell Brian, who sale 215 shares at the price of $79.86 back on Apr 05. After this action, O’Donnell Brian now owns 2,880 shares of Planet Fitness Inc., valued at $17,170 using the latest closing price.

Bode William, the Chief Operations Officer of Planet Fitness Inc., sale 446 shares at $79.86 during a trade that took place back on Apr 05, which means that Bode William is holding 6,183 shares at $35,618 based on the most recent closing price.

Stock Fundamentals for PLNT

Current profitability levels for the company are sitting at:

  • +14.70 for the present operating margin
  • +32.65 for the gross margin

The net margin for Planet Fitness Inc. stands at -3.69. The total capital return value is set at 4.94, while invested capital returns managed to touch -1.28. Equity return is now at value 2.10, with -0.80 for asset returns.

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When we switch over and look at the enterprise to sales, we see a ratio of 18.88, with the company’s debt to enterprise value settled at 0.25. The receivables turnover for the company is 8.93 and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.07.

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