A new trading day began on Friday, with Planet Fitness Inc (NYSE: PLNT) stock price up 2.21% from the previous day of trading, before settling in for the closing price of $78.75. PLNT’s price has ranged from $52.38 to $85.08 over the past 52 weeks.
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A company in the Consumer Cyclical sector has jumped its sales by 19.52% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 8.78%. With a float of $84.16 million, this company’s outstanding shares have now reached $86.76 million.
In an organization with 3411 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 41.63%, operating margin of 26.71%, and the pretax margin is 20.95%.
Planet Fitness Inc (PLNT) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Leisure Industry. The insider ownership of Planet Fitness Inc is 0.49%, while institutional ownership is 113.32%. The most recent insider transaction that took place on Aug 14 ’24, was worth 158,045. In this transaction Div. President, U.S. Franchise of this company sold 2,000 shares at a rate of $79.02, taking the stock ownership to the 27,504 shares. Before that another transaction happened on Aug 14 ’24, when Company’s Officer proposed sale 2,000 for $79.02, making the entire transaction worth $158,045.
Planet Fitness Inc (PLNT) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.59 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.78% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.64% during the next five years compared to 10.09% growth over the previous five years of trading.
Planet Fitness Inc (NYSE: PLNT) Trading Performance Indicators
Here are Planet Fitness Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.12. Likewise, its price to free cash flow for the trailing twelve months is 36.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.82, a number that is poised to hit 0.57 in the next quarter and is forecasted to reach 2.83 in one year’s time.
Technical Analysis of Planet Fitness Inc (PLNT)
Let’s dig in a bit further. During the last 5-days, its volume was 1.08 million. That was inferior than the volume of 1.56 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 23.05%. Additionally, its Average True Range was 1.87.
During the past 100 days, Planet Fitness Inc’s (PLNT) raw stochastic average was set at 81.27%, which indicates a significant increase from 40.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.87% in the past 14 days, which was lower than the 24.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $81.20, while its 200-day Moving Average is $70.87. However, in the short run, Planet Fitness Inc’s stock first resistance to watch stands at $81.59. Second resistance stands at $82.68. The third major resistance level sits at $84.04. If the price goes on to break the first support level at $79.14, it is likely to go to the next support level at $77.78. The third support level lies at $76.69 if the price breaches the second support level.
Planet Fitness Inc (NYSE: PLNT) Key Stats
With a market capitalization of 6.81 billion, the company has a total of 88,179K Shares Outstanding. Currently, annual sales are 1,071 M while annual income is 138,310 K. The company’s previous quarter sales were 300,940 K while its latest quarter income was 48,640 K.
