Planet Fitness Inc (NYSE: PLNT) has a price-to-earnings ratio that is above its average at 51.77x. The stock has a 36-month beta value of 1.51. 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 84.16M, and at present, short sellers hold a 4.52% of that float. On November 15, 2024, the average trading volume of PLNT was 1.21M shares.
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PLNT) stock’s latest price update
The stock price of Planet Fitness Inc (NYSE: PLNT) has dropped by -0.64 compared to previous close of 96.83. Despite this, the company has seen a gain of 2.17% in its stock price over the last five trading days. zacks.com reported 2024-11-13 that Planet Fitness (PLNT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
PLNT’s Market Performance
PLNT’s stock has risen by 2.17% in the past week, with a monthly rise of 20.17% and a quarterly rise of 21.35%. The volatility ratio for the week is 2.97% while the volatility levels for the last 30 days are 2.90% for Planet Fitness Inc The simple moving average for the last 20 days is 13.63% for PLNT’s stock, with a simple moving average of 33.51% for the last 200 days.
Analysts’ Opinion of PLNT
Many brokerage firms have already submitted their reports for PLNT stocks, with Macquarie repeating the rating for PLNT by listing it as a “Neutral.” The predicted price for PLNT in the upcoming period, according to Macquarie is $99 based on the research report published on November 08, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see PLNT reach a price target of $71. The rating they have provided for PLNT stocks is “Hold” according to the report published on September 27th, 2024.
Exane BNP Paribas gave a rating of “Outperform” to PLNT, setting the target price at $97 in the report published on September 05th of the current year.
PLNT Trading at 15.94% 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 -2.41% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares surge +22.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.72% upper at present.
During the last 5 trading sessions, PLNT rose by +2.17%, which changed the moving average for the period of 200-days by +41.99% in comparison to the 20-day moving average, which settled at $84.67. In addition, Planet Fitness Inc saw 31.79% 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 JENNIFER SIMMONS, who proposed sale 11,453 shares at the price of $96.20 back on Nov 14 ’24. After this action, JENNIFER SIMMONS now owns shares of Planet Fitness Inc, valued at $1,101,820 using the latest closing price.
Bode William, the Div. President, U.S. Franchise of Planet Fitness Inc, sale 2,000 shares at $79.02 during a trade that took place back on Aug 14 ’24, which means that Bode William is holding 27,504 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
- 0.5 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 1.12 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at -9.67. The interest coverage ratio of the stock is 7.43.
Currently, EBITDA for the company is 443.53 million with net debt to EBITDA at 5.37. When we switch over and look at the enterprise to sales, we see a ratio of 9.25. The receivables turnover for the company is 19.82for 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 1.94.
Conclusion
To sum up, Planet Fitness Inc (PLNT) has seen a better 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.
