Planet Fitness Inc [NYSE: PLNT] closed the trading session at $94.17.
The stocks have a year to date performance of 29.00 percent and weekly performance of 19.93 percent. The stock has been moved at 44.17 percent over the last six months. The stock has performed 17.05 percent around the most recent 30 days and changed 19.14 percent over the most recent 3-months.
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If compared to the average trading volume of 1.20M shares, PLNT reached to a volume of 5391669 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Planet Fitness Inc [PLNT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLNT shares is $96.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLNT stock is a recommendation set at 1.45. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Deutsche Bank have made an estimate for Planet Fitness Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 27, 2024. The new note on the price target was released on September 05, 2024, representing the official price target for Planet Fitness Inc stock. Previously, the target price had yet another raise from $66 to $92, while TD Cowen kept a Buy rating on PLNT stock. On June 10, 2024, analysts increased their price target for PLNT shares from 62 to 100.
The Average True Range (ATR) for Planet Fitness Inc is set at 2.97, with the Price to Sales ratio for PLNT stock in the period of the last 12 months amounting to 7.22. Price to Free Cash Flow for PLNT in the course of the last twelve months was 43.22 with Quick ratio for the last quarter at 1.80.
PLNT stock trade performance evaluation
Planet Fitness Inc [PLNT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.93. With this latest performance, PLNT shares gained by 17.05% in over the last four-week period, additionally plugging by 44.17% over the last 6 months – not to mention a rise of 50.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLNT stock in for the last two-week period is set at 77.24, with the RSI for the last a single of trading hit 84.24, and the three-weeks RSI is set at 72.39 for Planet Fitness Inc [PLNT]. The present Moving Average for the last 50 days of trading for this stock 81.47, while it was recorded at 83.29 for the last single week of trading, and 71.40 for the last 200 days.
Planet Fitness Inc [PLNT]: An insightful look at the core fundamentals
Planet Fitness Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.81.
Earnings per share (EPS) analysis for Planet Fitness Inc [PLNT] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PLNT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Planet Fitness Inc go to 13.64%.
Planet Fitness Inc [PLNT]: Institutional Ownership
There are presently around $119.49%, or 120.05%% of PLNT stock, in the hands of institutional investors. The top three institutional holders of PLNT stocks are: BLACKROCK INC. with ownership of 10.28 million shares, which is approximately 11.8444%. VANGUARD GROUP INC, holding 8.33 million shares of the stock with an approximate value of $$612.76 million in PLNT stocks shares; and VANGUARD GROUP INC, currently with $$449.75 million in PLNT stock with ownership which is approximately 7.0402%.
