Planet Fitness Inc (NYSE: PLNT) has seen a rise in its stock price by 2.29 in relation to its previous close of 60.63. However, the company has experienced a 3.64% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that Evaluate the expected performance of Planet Fitness (PLNT) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Is It Worth Investing in Planet Fitness Inc (NYSE: PLNT) Right Now?
Planet Fitness Inc (NYSE: PLNT) has a price-to-earnings ratio of 38.21x that is above its average ratio. Additionally, the 36-month beta value for PLNT is 1.43. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 5 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for PLNT is 86.77M and currently, short sellers hold a 7.27% ratio of that float. The average trading volume of PLNT on May 08, 2024 was 1.78M shares.
PLNT’s Market Performance
PLNT stock saw a decrease of 3.64% in the past week, with a monthly decline of -1.66% and a quarterly a decrease of -10.44%. The volatility ratio for the week is 2.68%, and the volatility levels for the last 30 days are 2.80% for Planet Fitness Inc (PLNT). The simple moving average for the past 20 days is 2.30% for PLNT’s stock, with a -0.55% 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 0.91% 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 -18.24% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares sank -4.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.86% lower at present.
During the last 5 trading sessions, PLNT rose by +3.64%, which changed the moving average for the period of 200-days by -8.02% in comparison to the 20-day moving average, which settled at $60.47. In addition, Planet Fitness Inc saw -15.04% 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 6.98. 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
In conclusion, Planet Fitness Inc (PLNT) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
