Planet Fitness Inc [PLNT] stock prices are up 0.15% to $80.97 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PLNT shares have gain 1.56% over the last week, with a monthly amount glided 2.44%, 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 September 05, 2024, when Exane BNP Paribas upgraded its rating to a Outperform but kept the price target unchanged to $97 for it. Previously, TD Cowen upgraded its rating to Buy on June 24, 2024, and elevated its price target to $92. On June 10, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $100 on the stock. Stifel downgraded its rating to a Hold and decreased its price target to $70 on May 10, 2024. Exane BNP Paribas upgraded its rating to a Neutral but $45 remained the price target by the analyst firm on October 16, 2023. Morgan Stanley started tracking with a Overweight rating for this stock on September 27, 2023, and assigned it a price target of $62. In a note dated September 19, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $70 to $52.
The stock price of Planet Fitness Inc [PLNT] has been fluctuating between $44.13 and $83.36 over the past year. Currently, Wall Street analysts expect the stock to reach $85.74 within the next 12 months. Planet Fitness Inc [NYSE: PLNT] shares were valued at $80.97 at the most recent close of the market. An investor can expect a potential return of 5.89% based on the average PLNT price forecast.
Analyzing the PLNT fundamentals
The Planet Fitness Inc [NYSE:PLNT] reported sales of 1.11B for trailing twelve months, representing a surge of 5.05%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -0.92 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.95.
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 80.31 points at the first support level, and at 79.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.38, and for the 2nd resistance point, it is at 81.80.
Ratios To Look Out For
It’s worth pointing out that Planet Fitness Inc [NYSE:PLNT]’s Current Ratio is 1.81. Also, the Quick Ratio is 1.80, while the Cash Ratio stands at 1.13. Considering the valuation of this stock, the price to sales ratio is 6.16 and price to earnings (TTM) ratio is 44.40.
Transactions by insiders
Recent insider trading involved Bode William, Div. President, U.S. Franchise, that happened on Aug 14 ’24 when 2000.0 shares were sold. Officer, WILLIAM R. BODE completed a deal on Aug 14 ’24 to buy 2000.0 shares. Meanwhile, SVP, Chief Accounting Officer O’Donnell Brian sold 6424.0 shares on Aug 07 ’24.
