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Planet Fitness Inc (NYSE: PLNT) closed the day trading at $80.44 down -0.01% from the previous closing price of $80.45. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 0.79 million shares were traded. PLNT stock price reached its highest trading level at $80.54 during the session, while it also had its lowest trading level at $79.37.
Ratios:
For a better understanding of PLNT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.64. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 1.81.
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 this company, Deutsche Bank on September 27, 2024, initiated with a Hold rating and assigned the stock a target price of $71.
On September 05, 2024, Exane BNP Paribas Upgraded its rating to Outperform which previously was Neutral but kept the price unchanged to $97.
TD Cowen Upgraded its Hold to Buy on June 24, 2024, whereas the target price for the stock was revised from $66 to $92.
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 Aug 14 ’24 when Bode William sold 2,000 shares for $79.02 per share. The transaction valued at 158,045 led to the insider holds 27,504 shares of the business.
WILLIAM R. BODE bought 2,000 shares of PLNT for $158,045 on Aug 14 ’24. On Aug 07 ’24, another insider, O’Donnell Brian, who serves as the SVP, Chief Accounting Officer of the company, sold 6,424 shares for $77.39 each. As a result, the insider received 497,174 and left with 6,778 shares of the company.
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 6850833920 and an Enterprise Value of 9062038528. As of this moment, Planet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.11, and their Forward P/E ratio for the next fiscal year is 28.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.12. Its current Enterprise Value per Revenue stands at 8.743 whereas that against EBITDA is 19.666.
Stock Price History:
Over the past 52 weeks, PLNT has reached a high of $85.08, while it has fallen to a 52-week low of $48.18. The 50-Day Moving Average of the stock is -0.01%, while the 200-Day Moving Average is calculated to be 13.89%.
Shares Statistics:
Over the past 3-months, PLNT traded about 1.35M shares per day on average, while over the past 10 days, PLNT traded about 1081310 shares per day. A total of 86.76M shares are outstanding, with a floating share count of 84.15M. Insiders hold about 0.51% of the company’s shares, while institutions hold 113.44% stake in the company. Shares short for PLNT as of 1727654400 were 3881872 with a Short Ratio of 2.87, compared to 1724976000 on 5072579. Therefore, it implies a Short% of Shares Outstanding of 3881872 and a Short% of Float of 5.3600002.
