Planet Fitness Inc [PLNT] stock prices are down -0.12% to $95.20 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PLNT shares have gain 20.64% over the last week, with a monthly amount glided 17.66%, 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 November 08, 2024, when Macquarie downgraded its rating to a Neutral and also boosted its price target to $99 from $91. Previously, Deutsche Bank started tracking the stock with Hold rating on September 27, 2024, and set its price target to $71. On September 05, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $97 on the stock. TD Cowen upgraded its rating to a Buy and increased its price target to $92 on June 24, 2024. Jefferies upgraded its rating to a Buy and raised its price target to $100 on June 10, 2024. Stifel downgraded its rating to Hold for this stock on May 10, 2024, and downed its price target to $70. In a note dated October 16, 2023, Exane BNP Paribas upgraded an Neutral rating on this stock but restated the target price of $45.
The stock price of Planet Fitness Inc [PLNT] has been fluctuating between $54.35 and $98.59 over the past year. Currently, Wall Street analysts expect the stock to reach $85.9 within the next 12 months. Planet Fitness Inc [NYSE: PLNT] shares were valued at $95.20 at the most recent close of the market. An investor can expect a potential drop of -9.77% based on the average PLNT price forecast.
Analyzing the PLNT fundamentals
The Planet Fitness Inc [NYSE:PLNT] reported sales of 1.13B for trailing twelve months, representing a surge of 5.29%. Gross Profit Margin for this corporation currently stands at 0.5% 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 -0.8 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-9.67.
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 94.23 points at the first support level, and at 93.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 96.55, and for the 2nd resistance point, it is at 97.91.
Ratios To Look Out For
It’s worth pointing out that Planet Fitness Inc [NYSE:PLNT]’s Current Ratio is 1.94. As well, the Quick Ratio is 1.93, while the Cash Ratio is 1.04. Considering the valuation of this stock, the price to sales ratio is 7.29 and price to earnings (TTM) ratio is 51.22.
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.
