Planet Fitness Inc (NYSE: PLNT) is -22.04% lower on its value in year-to-date trading and has touched a low of $44.13 and a high of $84.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PLNT stock was last observed hovering at around $56.46 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $56.91, the stock is -9.32% and -15.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.25 million and changing 0.80% at the moment leaves the stock -10.39% off its SMA200. PLNT registered -23.64% loss for a year compared to 6-month gain of 22.60%. The firm has a 50-day simple moving average (SMA 50) of $6.50 and a 200-day simple moving average (SMA200) of $15.71.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -13.10% loss in the last 1 month and extending the period to 3 months gives it a -18.12%, and is -9.31% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.14% over the week and 3.47% over the month.
Planet Fitness Inc (PLNT) has around 3411 employees, a market worth around $4.86B and $1.07B in sales. Current P/E ratio is 35.06 and Fwd P/E is 19.96. Profit margin for the company is 12.91%. Distance from 52-week low is 28.96% and -32.63% from its 52-week high. The company has generated returns on investments over the last 12 months (6.21%).
Planet Fitness Inc quarterly earnings per share for the current quarter are estimated at $0.51 with sales reaching $251.33M over the same period.The EPS is expected to grow by 11.10% this year, but quarterly earnings will post 6.70% year-over-year. Quarterly sales are estimated to grow 13.10% in year-over-year returns.
487 institutions hold shares in Planet Fitness Inc (PLNT), with institutional investors hold 114.47% of the company’s shares. The shares outstanding are 86.76M, and float is at 84.78M with Short Float at 5.34%. Institutions hold 113.91% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 12.06 million shares valued at $813.15 million. The investor’s holdings represent 14.26% of the PLNT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 7.98 million shares valued at $538.41 million to account for 9.44% of the shares outstanding. The other top investors are Srs Investment Management, Llc which holds 6.96 million shares representing 8.23% and valued at over $469.17 million, while Amundi holds 3.85% of the shares totaling 3.25 million with a market value of $219.39 million.
Planet Fitness Inc (PLNT) Insider Activity
The most recent transaction is an insider purchase by BENSON CRAIG R, the company’s Interim CEO. SEC filings show that BENSON CRAIG R bought 10,000 shares of the company’s common stock on Dec 11 ’23 at a price of $68.15 per share for a total of $0.68 million. Following the purchase, the insider now owns 35000.0 shares.
Planet Fitness Inc disclosed in a document filed with the SEC on Dec 06 ’23 that Rondeau Christopher (Director) sold a total of 1,000,000 shares of the company’s common stock. The trade occurred on Dec 06 ’23 and was made at $66.55 per share for $66.55 million. Following the transaction, the insider now directly holds 0.0 shares of the PLNT stock.
Still, SEC filings show that on Jun 05 ’23, Rondeau Christopher (Chief Executive Officer) acquired 10,000 shares at an average price of $64.98 for $0.65 million. The insider now directly holds 36,305 shares of Planet Fitness Inc (PLNT).
