The stock price of Planet Fitness Inc (NYSE: PLNT) has jumped by 2.27 compared to previous close of 98.45. Despite this, the company has seen a gain of 1.83% in its stock price over the last five trading days. zacks.com reported 2025-01-07 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
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 54.17x compared to its average ratio, The 36-month beta value for PLNT is at 1.53. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 8 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for PLNT is 83.77M, and currently, shorts hold a 3.57% of that float. The average trading volume for PLNT on January 10, 2025 was 1.10M shares.
PLNT’s Market Performance
PLNT’s stock has seen a 1.83% increase for the week, with a 0.81% rise in the past month and a 24.98% gain in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are at 2.40% for Planet Fitness Inc. The simple moving average for the past 20 days is 0.69% for PLNT’s stock, with a 28.39% simple moving average for the past 200 days.
Analysts’ Opinion of PLNT
Many brokerage firms have already submitted their reports for PLNT stocks, with 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 previous 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 previous year.
PLNT Trading at 4.80% 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 -2.16% of loss for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares surge +2.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.19% upper at present.
During the last 5 trading sessions, PLNT rose by +1.83%, which changed the moving average for the period of 200-days by +68.08% in comparison to the 20-day moving average, which settled at $99.99. In addition, Planet Fitness Inc saw 1.83% 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 4,641 shares at the price of $100.14 back on Dec 05 ’24. After this action, Bode William now owns 22,063 shares of Planet Fitness Inc, valued at $464,773 using the latest closing price.
Fitzgerald Thomas J III, the Chief Financial Officer of Planet Fitness Inc, sale 16,848 shares at $94.89 during a trade that took place back on Nov 15 ’24, which means that Fitzgerald Thomas J III is holding 27,284 shares at $1,598,763 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 1.14 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 -8.17. The interest coverage ratio of the stock is 3.24.
Currently, EBITDA for the company is 443.53 million with net debt to EBITDA at 4.76. When we switch over and look at the enterprise to sales, we see a ratio of 9.55. 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
In conclusion, Planet Fitness Inc (PLNT) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
