Planet Fitness Inc (PLNT) concluded trading on Thursday at a closing price of $94.17, with 5.39 million shares of worth about $507.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 44.17% during that period and on November 07, 2024 the price saw a gain of about 11.25%. Currently the company’s common shares owned by public are about 86.76M shares, out of which, 84.16M shares are available for trading.
Stock saw a price change of 19.93% in past 5 days and over the past one month there was a price change of 17.05%. Year-to-date (YTD), PLNT shares are showing a performance of 29.00% which increased to 50.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $54.35 but also hit the highest price of $85.08 during that period. The average intraday trading volume for Planet Fitness Inc shares is 1.20 million. The stock is currently trading 16.26% above its 20-day simple moving average (SMA20), while that difference is up 15.59% for SMA50 and it goes to 31.89% higher than SMA200.
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Planet Fitness Inc (NYSE: PLNT) currently have 86.76M outstanding shares and institutions hold larger chunk of about 114.06% of that.
The stock has a current market capitalization of $8.03B and its 3Y-monthly beta is at 1.48. PE ratio of stock for trailing 12 months is 51.63, while it has posted earnings per share of $1.82 in the same period. Its PEG reads 3.79 and has Quick Ratio of 1.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PLNT, volatility over the week remained 3.71% while standing at 2.75% over the month.
Stock’s fiscal year EPS is expected to rise by 10.06% while it is estimated to increase by 16.29% in next year. EPS is likely to grow at an annualized rate of 13.64% for next 5-years, compared to annual growth of 10.09% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on September 27, 2024 offering a Hold rating for the stock and assigned a target price of $71 to it. Coverage by Exane BNP Paribas stated Planet Fitness Inc (PLNT) stock as an Outperform in their note to investors on September 05, 2024, suggesting a price target of $97 for the stock. On June 24, 2024, TD Cowen Upgrade their recommendations, while on June 10, 2024, Jefferies Upgrade their ratings for the stock with a price target of $100. Stock get a Hold rating from Stifel on May 10, 2024.
