Planet Fitness Inc (NYSE: PLNT) has a price-to-earnings ratio that is above its average at 41.18x. The stock has a 36-month beta value of 1.47. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for PLNT is 87.10M, and at present, short sellers hold a 7.23% of that float. On August 06, 2024, the average trading volume of PLNT was 1.63M shares.
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PLNT) stock’s latest price update
Planet Fitness Inc (NYSE: PLNT)’s stock price has dropped by -0.54 in relation to previous closing price of 72.40. Nevertheless, the company has seen a loss of -2.99% in its stock price over the last five trading days. globenewswire.com reported 2024-08-05 that CAMP HILL, Pa., Aug. 05, 2024 (GLOBE NEWSWIRE) — Today, several leading Planet Fitness franchise groups, including National Fitness Partners (NFP), Taymax, TGE3 and Davis-NEOFitness, announced that their month-long campaign to benefit St. Jude Children’s Research Hospital raised more than $36,000 to help kids battling cancer. This is the first year that Planet Fitness franchise groups have raised funds to support St. Jude.
PLNT’s Market Performance
Planet Fitness Inc (PLNT) has seen a -2.99% fall in stock performance for the week, with a -2.50% decline in the past month and a 20.96% surge in the past quarter. The volatility ratio for the week is 3.83%, and the volatility levels for the past 30 days are at 2.75% for PLNT. The simple moving average for the past 20 days is -3.70% for PLNT’s stock, with a 8.39% simple moving average for the past 200 days.
Analysts’ Opinion of PLNT
Many brokerage firms have already submitted their reports for PLNT stocks, with TD Cowen repeating the rating for PLNT by listing it as a “Buy.” The predicted price for PLNT in the upcoming period, according to TD Cowen is $92 based on the research report published on June 24, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see PLNT reach a price target of $100, previously predicting the price at $62. The rating they have provided for PLNT stocks is “Buy” according to the report published on June 10th, 2024.
Stifel gave a rating of “Hold” to PLNT, setting the target price at $70 in the report published on May 10th of the current year.
PLNT Trading at 0.81% 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 -8.95% of loss for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 3.83%, as shares sank -0.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.26% upper at present.
During the last 5 trading sessions, PLNT fell by -2.99%, which changed the moving average for the period of 200-days by +30.17% in comparison to the 20-day moving average, which settled at $74.74. In addition, Planet Fitness Inc saw -1.36% 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:
- 0.26 for the present operating margin
- 0.45 for the gross margin
The net margin for Planet Fitness Inc stands at 0.14. The total capital return value is set at 0.1.
Based on Planet Fitness Inc (PLNT), the company’s capital structure generated 1.05 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 -20.87. The interest coverage ratio of the stock is 3.32.
Currently, EBITDA for the company is 422.28 million with net debt to EBITDA at 4.58. When we switch over and look at the enterprise to sales, we see a ratio of 7.62. The receivables turnover for the company is 29.12for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.04.
Conclusion
To sum up, Planet Fitness Inc (PLNT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
