Reflections On The Past For Investors Today: Planet Fitness Inc (NYSE: PLNT)

Planet Fitness Inc (NYSE:PLNT) does about 1.77M shares in volume on a normal day but saw 1254434 shares change hands in Monday trading. The company now has a market cap of 6.36B USD. Its current market price is $72.63, marking a decrease of -1.67% compared to the previous close of $73.86. The 52 week high reached by this stock is $75.86 whilst the lowest price level in 52 weeks is $44.13.

Planet Fitness Inc (PLNT) has a 20-day trading average at $72.57 and the current price is -4.26% off the 52-week high compared with 64.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $66.79 and its 200-day simple moving average is $63.88. If we look at the stock’s price movements over the week, volatility stands at 2.43%, which increases to 2.47% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.72 to suggest the stock is neutral.

The consensus objective for the share price is $80.81, suggesting that the stock has a potential upside of 10.12% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 24, 2024 when TD Cowen upgraded the stock to “Buy” and issued a price target of between $66 and $92. Jefferies also upgraded the stock to “Buy” from Hold on June 10, 2024 at a price target of $62-$100. Stifel downgraded its price target at $80-$70.

Planet Fitness Inc (PLNT) stock is down -1.30% over the week and 10.65% over the past month. Its price is -0.51% year-to-date and 9.95% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of 0.65 above consensus estimates by 0.11. The company’s next earnings report forecasts estimating quarterly EPS at 0.66 and 2.43 for whole year. Expected sales for next quarter are $288.14M, which analysts say will come at $1.13B for the current fiscal year and next year at $1.25B. In addition, estimates put the company’s current quarterly revenue at an average of $291.66M.

To reach the target analysts have set, the stock logically needs to grow 10.12 percent from here.

The company has a return on investment of 6.65%. The price to earnings ratio (P/E ratio) amounts to 41.53 while the forward price to earnings ratio is 25.67. The beta has a value of 1.50. Price to sales ratio is 5.79.