Planet Fitness Inc (NYSE: PLNT)’s stock price has soared by 0.63 in relation to previous closing price of 72.56. Nevertheless, the company has seen a gain of 0.75% in its stock price over the last five trading days. prnewswire.com reported 2024-06-13 that HAMPTON, N.H., June 13, 2024 /PRNewswire/ — Planet Fitness, Inc. (NYSE: PLNT) (the “Company”) today announced that it has entered into a $280 million accelerated share repurchase agreement (the “ASR Agreement”) with Citibank, N.A.
Is It Worth Investing in Planet Fitness Inc (NYSE: PLNT) Right Now?
The price-to-earnings ratio for Planet Fitness Inc (NYSE: PLNT) is 41.75x, which is above its average ratio. Moreover, the 36-month beta value for PLNT is 1.50. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to ExplodeThe world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
The public float for PLNT is 87.10M and currently, short sellers hold a 7.50% of that float. On June 21, 2024, PLNT’s average trading volume was 1.94M shares.
PLNT’s Market Performance
The stock of Planet Fitness Inc (PLNT) has seen a 0.75% increase in the past week, with a 12.74% rise in the past month, and a 28.31% gain in the past quarter. The volatility ratio for the week is 2.43%, and the volatility levels for the past 30 days are at 2.74% for PLNT. The simple moving average for the last 20 days is 9.45% for PLNT’s stock, with a simple moving average of 16.10% for the last 200 days.
Analysts’ Opinion of PLNT
Many brokerage firms have already submitted their reports for PLNT stocks, with Jefferies repeating the rating for PLNT by listing it as a “Buy.” The predicted price for PLNT in the upcoming period, according to Jefferies is $100 based on the research report published on June 10, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see PLNT reach a price target of $70, previously predicting the price at $80. The rating they have provided for PLNT stocks is “Hold” according to the report published on May 10th, 2024.
Exane BNP Paribas gave a rating of “Neutral” to PLNT, setting the target price at $45 in the report published on October 16th of the previous year.
PLNT Trading at 14.34% 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 -3.74% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares surge +11.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.10% upper at present.
During the last 5 trading sessions, PLNT rose by +0.75%, which changed the moving average for the period of 200-days by +18.42% in comparison to the 20-day moving average, which settled at $67.09. In addition, Planet Fitness Inc saw 0.03% 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 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 7.7. 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 wrap up, the performance of Planet Fitness Inc (PLNT) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
