A share price of Planet Fitness Inc [PLNT] is currently trading at $62.56, up 2.07%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PLNT shares have lost -0.81% over the last week, with a monthly amount glided 2.68%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Planet Fitness Inc [NYSE: PLNT] stock has seen the most recent analyst activity on October 16, 2023, when Exane BNP Paribas upgraded its rating to a Neutral but kept the price target unchanged to $45 for it. Previously, Morgan Stanley started tracking the stock with Overweight rating on September 27, 2023, and set its price target to $62. On September 19, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $52 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $56 on September 18, 2023. TD Cowen downgraded its rating to a Market Perform but $55 remained the price target by the analyst firm on September 15, 2023. Exane BNP Paribas downgraded its rating to Underperform for this stock on June 23, 2023, but kept the price target unchanged to $57. In a note dated May 19, 2023, RBC Capital Mkts initiated an Outperform rating and provided a target price of $86 on this stock.
Planet Fitness Inc experienced fluctuations in its stock price throughout the past year between $44.13 and $84.48. Currently, Wall Street analysts expect the stock to reach $90.08 within the next 12 months. Planet Fitness Inc [NYSE: PLNT] shares were valued at $62.56 at the most recent close of the market. An investor can expect a potential return of 43.99% based on the average PLNT price forecast.
Analyzing the PLNT fundamentals
Trailing Twelve Months sales for Planet Fitness Inc [NYSE:PLNT] were 1.07B which represents 1.36% growth. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -0.88 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -17.45.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 61.44 points at the first support level, and at 60.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.71, and for the 2nd resistance point, it is at 64.85.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Planet Fitness Inc [NYSE:PLNT] is 1.88. As well, the Quick Ratio is 1.86, while the Cash Ratio is 1.28. Considering the valuation of this stock, the price to sales ratio is 5.09 and price to earnings (TTM) ratio is 38.54.
Transactions by insiders
Recent insider trading involved BENSON CRAIG R, Interim CEO, that happened on Dec 11 ’23 when 10000.0 shares were purchased. Director, Rondeau Christopher completed a deal on Dec 06 ’23 to sell 1.0 million shares. Meanwhile, Chief Executive Officer Rondeau Christopher bought 10000.0 shares on Jun 05 ’23.
