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The closing price of Planet Fitness Inc (NYSE: PLNT) was $81.06 for the day, down -0.61% from the previous closing price of $81.56. In other words, the price has decreased by -$0.61 from its previous closing price. On the day, 0.76 million shares were traded. PLNT stock price reached its highest trading level at $82.45 during the session, while it also had its lowest trading level at $81.02.
Ratios:
Our analysis of PLNT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.92. 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 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 6903636992 and an Enterprise Value of 9113631744. As of this moment, Planet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.45, and their Forward P/E ratio for the next fiscal year is 28.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.17. Its current Enterprise Value per Revenue stands at 8.793 whereas that against EBITDA is 19.778.
Stock Price History:
Over the past 52 weeks, PLNT has reached a high of $82.82, while it has fallen to a 52-week low of $44.13. The 50-Day Moving Average of the stock is 6.68%, while the 200-Day Moving Average is calculated to be 18.30%.
Shares Statistics:
PLNT traded an average of 1.57M shares per day over the past three months and 1192530 shares per day over the past ten days. A total of 86.76M shares are outstanding, with a floating share count of 84.15M. Insiders hold about 0.50% of the company’s shares, while institutions hold 115.32% stake in the company. Shares short for PLNT as of 1723680000 were 5687187 with a Short Ratio of 3.63, compared to 1721001600 on 6295209. Therefore, it implies a Short% of Shares Outstanding of 5687187 and a Short% of Float of 7.8600004000000006.
Earnings Estimates
Investors are keenly observing as 16.0 analysts analyze and rate the current performance of Planet Fitness Inc (PLNT) in the stock market.The consensus estimate for the next quarter is $0.62, with high estimates of $0.68 and low estimates of $0.58.
Analysts are recommending an EPS of between $2.52 and $2.4 for the fiscal current year, implying an average EPS of $2.44. EPS for the following year is $2.83, with 17.0 analysts recommending between $2.96 and $2.68.
Revenue Estimates
For the next quarter, 16 analysts are estimating revenue of $300.11M. There is a high estimate of $323M for the next quarter, whereas the lowest estimate is $286.54M.
A total of 18 analysts have provided revenue estimates for PLNT’s current fiscal year. The highest revenue estimate was $1.16B, while the lowest revenue estimate was $1.1B, resulting in an average revenue estimate of $1.13B. In the same quarter a year ago, actual revenue was $1.07BBased on 18 analysts’ estimates, the company’s revenue will be $1.26B in the next fiscal year. The high estimate is $1.3B and the low estimate is $1.22B.
