Planet Fitness Inc [PLNT] stock prices are up 11.25% to $94.17 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PLNT shares have gain 19.93% over the last week, with a monthly amount glided 17.05%, 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 27, 2024, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $71. Previously, Exane BNP Paribas upgraded its rating to Outperform on September 05, 2024, and kept the price target unchanged to $97. On June 24, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $92 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $100 on June 10, 2024. Stifel downgraded its rating to a Hold and reduced its price target to $70 on May 10, 2024. Exane BNP Paribas upgraded its rating to Neutral for this stock on October 16, 2023, but kept the price target unchanged to $45. In a note dated September 27, 2023, Morgan Stanley initiated an Overweight rating and provided a target price of $62 on this stock.
The stock price of Planet Fitness Inc [PLNT] has been fluctuating between $54.35 and $85.08 over the past year. Currently, Wall Street analysts expect the stock to reach $85.25 within the next 12 months. Planet Fitness Inc [NYSE: PLNT] shares were valued at $94.17 at the most recent close of the market. An investor can expect a potential drop of -9.47% 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 91.25 points at the first support level, and at 88.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.84, and for the 2nd resistance point, it is at 101.51.
Ratios To Look Out For
It’s worth pointing out that Planet Fitness Inc [NYSE:PLNT]’s Current Ratio is 1.81. On the other hand, the Quick Ratio is 1.80, and the Cash Ratio is 1.13. Considering the valuation of this stock, the price to sales ratio is 7.22 and price to earnings (TTM) ratio is 51.63.
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.
