The stock of Planet Fitness Inc (NYSE: PLNT) has increased by 1.82 when compared to last closing price of 59.36.Despite this, the company has seen a loss of -0.53% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that Planet Fitness (PLNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in Planet Fitness Inc (NYSE: PLNT) Right Now?
The price-to-earnings ratio for Planet Fitness Inc (NYSE: PLNT) is 37.23x, which is above its average ratio. Moreover, the 36-month beta value for PLNT is 1.38. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for PLNT is 86.79M and currently, short sellers hold a 6.36% of that float. On April 24, 2024, PLNT’s average trading volume was 1.73M shares.
PLNT’s Market Performance
PLNT’s stock has seen a -0.53% decrease for the week, with a 0.90% rise in the past month and a -17.58% fall in the past quarter. The volatility ratio for the week is 3.06%, and the volatility levels for the past 30 days are at 3.26% for Planet Fitness Inc. The simple moving average for the past 20 days is -2.01% for PLNT’s stock, with a -3.73% simple moving average for the past 200 days.
Analysts’ Opinion of PLNT
Many brokerage firms have already submitted their reports for PLNT stocks, with Exane BNP Paribas repeating the rating for PLNT by listing it as a “Neutral.” The predicted price for PLNT in the upcoming period, according to Exane BNP Paribas is $45 based on the research report published on October 16, 2023 of the previous year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see PLNT reach a price target of $62. The rating they have provided for PLNT stocks is “Overweight” according to the report published on September 27th, 2023.
JP Morgan gave a rating of “Neutral” to PLNT, setting the target price at $52 in the report published on September 19th of the previous year.
PLNT Trading at -3.72% 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 -28.46% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 3.06%, as shares surge +3.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.60% lower at present.
During the last 5 trading sessions, PLNT fell by -0.53%, which changed the moving average for the period of 200-days by -9.47% in comparison to the 20-day moving average, which settled at $61.78. In addition, Planet Fitness Inc saw -17.21% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PLNT starting from BENSON CRAIG R, who purchase 10,000 shares at the price of $68.15 back on Dec 11 ’23. After this action, BENSON CRAIG R now owns 35,000 shares of Planet Fitness Inc, valued at $681,464 using the latest closing price.
Rondeau Christopher, the Director of Planet Fitness Inc, sale 1,000,000 shares at $66.55 during a trade that took place back on Dec 06 ’23, which means that Rondeau Christopher is holding 0 shares at $66,550,000 based on the most recent closing price.
Stock Fundamentals for PLNT
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.48 for the gross margin
The net margin for Planet Fitness Inc stands at 0.13. The total capital return value is set at 0.1.
Based on Planet Fitness Inc (PLNT), the company’s capital structure generated 1.06 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at -17.45. The interest coverage ratio of the stock is 3.15.
Currently, EBITDA for the company is 422.28 million with net debt to EBITDA at 4.77. When we switch over and look at the enterprise to sales, we see a ratio of 6.85. The receivables turnover for the company is 19.04for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
Conclusion
To wrap up, the performance of Planet Fitness Inc (PLNT) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
