The Emergence Of Planet Fitness In A Volatile Market

February 17, 2023

minute read

The stock price of Planet Fitness Inc. has dropped by -4.64 from its previous closing level of 84.18. Yet, over the previous five trading sessions, the stock price of the company fell by -0.05%. Planet Fitness Finishes Quarter With Record Membership and Raises 2022 Guidance, according to Trade Algo on November 8, 2022.

The price-to-earnings ratio for Planet Fitness Inc. (NYSE: PLNT) is higher than the industry average at 95.22x, and the 36-month beta value for PLNT is 1.30. 14 analysts rate the stock as a "buy," 1 analyst rates it as "overweight," 2 analysts rate it as "hold," and 0 analysts rate it as a "sell."

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Analysts have put PLNT's average price at $92.25, which is $13.6 more than the current market value. Shorts presently own 4.65% of the 81.19 million shares of PLNT that are available to the market. On February 17, 2023, PLNT saw an average trading volume of 824.25K shares.

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The price of Planet Fitness Inc.'s (PLNT) stock has decreased by -0.05% this week after falling by -3.22% in the previous month and rising by 4.64% in the most recent three months. For PLNT, the volatility ratio for the past week is 2.31%, while the volatility percentage over the previous 30 days is 2.71%. Throughout the past 20 days, the PLNT stock's simple moving average has decreased by 2.33%, while over the past 200 days, it has increased by 10.96%.

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Following a market wobble that caused PLNT to reach its 52-week low price, the company was unable to recover, and is now settling with a loss of -16.77% for the specified time.

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The volatility rate remained at 2.71%, but over the past 30 days it has increased by 2.31% as shares have lost -0.25% on average over the past 20 days. In contrast, the stock is currently trading +3.69% higher over the past 50 days.

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In the previous five trading sessions, PLNT decreased by -0.05%, which resulted in a change in the 200-day moving average of -0.80% in contrast to the 20-day moving average, which closed at $82.18. Also, over the course of a year, Planet Fitness Inc. experienced a 1.87% overturn with a propensity to reduce future gains.

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According to reports, there were numerous instances of insider trading at PLNT, beginning with Bode William's selling of 44 shares on April 11 for $81.25. Following the completion of the transaction, Bode William now directly owns 7,310 shares of Planet Fitness Inc., valued at $3,575.

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The Chief Operational Officer of Planet Fitness Inc., Bode William, sold 116 shares at $83.88 during a deal that occurred back on April 5. Based on the most recent closing price, Bode William now owns 7,354 shares worth $9,730.

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The company's current levels of profitability are:

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