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After finishing at $75.40 in the prior trading day, Planet Fitness Inc (NYSE: PLNT) closed at $74.70, down -0.93%. In other words, the price has decreased by -$0.93 from its previous closing price. On the day, 1.46 million shares were traded. PLNT stock price reached its highest trading level at $75.71 during the session, while it also had its lowest trading level at $74.0301.
Ratios:
Our goal is to gain a better understanding of PLNT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.77. For the most recent quarter (mrq), Quick Ratio is recorded 2.02 and its Current Ratio is at 2.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on June 24, 2024, Upgraded its rating to Buy and sets its target price to $92 from $66 previously.
On June 10, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $62 to $100.
Stifel Downgraded its Buy to Hold on May 10, 2024, whereas the target price for the stock was revised from $80 to $70.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 11 ’23 when BENSON CRAIG R bought 10,000 shares for $68.15 per share. The transaction valued at 681,464 led to the insider holds 35,000 shares of the business.
Rondeau Christopher sold 1,000,000 shares of PLNT for $66,550,000 on Dec 06 ’23. The Director now owns 0 shares after completing the transaction at $66.55 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLNT now has a Market Capitalization of 6586993152 and an Enterprise Value of 8542743552. As of this moment, Planet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.72, and their Forward P/E ratio for the next fiscal year is 26.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.96. Its current Enterprise Value per Revenue stands at 7.808 whereas that against EBITDA is 18.914.
Stock Price History:
Over the past 52 weeks, PLNT has reached a high of $79.09, while it has fallen to a 52-week low of $44.13. The 50-Day Moving Average of the stock is 6.33%, while the 200-Day Moving Average is calculated to be 13.86%.
Shares Statistics:
The stock has traded on average 1.66M shares per day over the past 3-months and 1296960 shares per day over the last 10 days, according to various share statistics. A total of 87.53M shares are outstanding, with a floating share count of 87.10M. Insiders hold about 0.49% of the company’s shares, while institutions hold 111.93% stake in the company. Shares short for PLNT as of 1721001600 were 6295209 with a Short Ratio of 3.80, compared to 1718323200 on 8507769. Therefore, it implies a Short% of Shares Outstanding of 6295209 and a Short% of Float of 8.36.
