Planet Fitness Inc (NYSE: PLNT)’s stock price has gone rise by 0.58 in comparison to its previous close of 82.25, however, the company has experienced a -1.59% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-09-17 that Teens logged more than 12 million workouts between June and August at Planet Fitness locations in the US and Canada, kickstarting their fitness journeys and creating long-lasting healthy habits Teens logged more than 12 million workouts between June and August at Planet Fitness locations in the US and Canada, kickstarting their fitness journeys and creating long-lasting healthy habits
Is It Worth Investing in Planet Fitness Inc (NYSE: PLNT) Right Now?
Planet Fitness Inc (NYSE: PLNT) has a higher price-to-earnings ratio of 45.36x compared to its average ratio. PLNT has 36-month beta value of 1.50. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for PLNT is 84.15M, and currently, short sellers hold a 5.41% ratio of that float. The average trading volume of PLNT on September 27, 2024 was 1.38M shares.
PLNT’s Market Performance
The stock of Planet Fitness Inc (PLNT) has seen a -1.59% decrease in the past week, with a 1.21% rise in the past month, and a 11.92% gain in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 2.09% for PLNT.. The simple moving average for the past 20 days is 1.05% for PLNT’s stock, with a 18.16% 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 “Outperform.” The predicted price for PLNT in the upcoming period, according to Exane BNP Paribas is $97 based on the research report published on September 05, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see PLNT reach a price target of $92, previously predicting the price at $66. The rating they have provided for PLNT stocks is “Buy” according to the report published on June 24th, 2024.
Jefferies gave a rating of “Buy” to PLNT, setting the target price at $100 in the report published on June 10th of the current year.
PLNT Trading at 4.59% 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 -2.76% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +1.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.09% upper at present.
During the last 5 trading sessions, PLNT fell by -1.59%, which changed the moving average for the period of 200-days by +22.29% in comparison to the 20-day moving average, which settled at $81.93. In addition, Planet Fitness Inc saw 13.33% 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 Bode William, who sale 2,000 shares at the price of $79.02 back on Aug 14 ’24. After this action, Bode William now owns 27,504 shares of Planet Fitness Inc, valued at $158,045 using the latest closing price.
WILLIAM R. BODE, the Officer of Planet Fitness Inc, proposed sale 2,000 shares at $79.02 during a trade that took place back on Aug 14 ’24, which means that WILLIAM R. BODE is holding shares at $158,045 based on the most recent closing price.
Stock Fundamentals for PLNT
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.42 for the gross margin
The net margin for Planet Fitness Inc stands at 0.14. The total capital return value is set at 0.11.
Based on Planet Fitness Inc (PLNT), the company’s capital structure generated 1.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at -6.95. 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 5.04. When we switch over and look at the enterprise to sales, we see a ratio of 8.37. The receivables turnover for the company is 19.6for 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 1.81.
Conclusion
To put it simply, Planet Fitness Inc (PLNT) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
