Why You should Invest In Planet Fitness, Inc. (NYSE:PLNT)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Planet Fitness, Inc. (NYSE:PLNT) for the period of 9-Day stands at 91.6% while the stochastic %D for the same period stands at 70.42%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Planet Fitness, Inc. (NYSE:PLNT) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Planet Fitness, Inc. (NYSE:PLNT) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Planet Fitness, Inc. (NYSE:PLNT)’s 20-Day Bollinger Band indicates “Buy”.

About Company

Planet Fitness, Inc. franchises and operates fitness centers through its subsidiaries. The company’s operating segments consists of Franchise, Corporate-owned stores and Equipment. It is engaged in licensing and selling franchises under the Planet Fitness trade name, owning and operating fitness centers under the Planet Fitness trade name and selling fitness-related equipment to franchisee-owned stores. Planet Fitness, Inc. is headquartered in Newington, New Hampshire.

Previous Day Activity Analysis

On the last trading day, Planet Fitness, Inc. (NYSE:PLNT) opened the session at $29.43 and after going up 2.8% closed at $30.12. The stock gained 0.69 points in the last trade.

Planet Fitness, Inc. (NYSE:PLNT)’s stock fluctuated in the range of $29.43 and $30.22 during the previous active session. Planet Fitness, Inc. (NYSE:PLNT) traded with the volume of 1.45 Million with average volume of 1.18 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 0 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.88 and 69.34 respectively.

Currently the Insider Ownership of the shares of Planet Fitness, Inc. (NYSE:PLNT) is at 0.02% and the shares outstanding are 95.68 Million.

Important Ratio Analysis

Some important ratios to consider here for Planet Fitness, Inc. (NYSE:PLNT) are discussed below:

Price to Earnings P/E ratio stands at 45.23 while Forward P/E shows the value of 30.83.

The PEG ratio (Price to Earning to Growth) emits the value of 2.5. The Price to Sale P/S and Price to Book P/B shows the value of 6.99 and 0 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 30.89 and 29.77 correspondingly.

The Quick Ratio of Planet Fitness, Inc. (NYSE:PLNT) stands at 1.6 while the Current Ratio depicts the value of 1.6.

Return on Assets ROA of Planet Fitness, Inc. (NYSE:PLNT) is at 3.9% whereas, Return on Equity ROE and Return of Investment ROI of Planet Fitness, Inc. (NYSE:PLNT) stand at -36.7% and 16.8% respectively.

Stock Performance Analysis

The stock performance of Planet Fitness, Inc. (NYSE:PLNT) on the basis of 5 day trade show the jump of 12.3% whereas, the monthly performance of the stock shows increase of 12.26%.

The quarterly performance of the stock remained in green zone with the value of 24.05% while six month performance of the shares of Planet Fitness, Inc. (NYSE:PLNT) remained bullish with the count of 46.28%.

The yearly and YTD performance of Planet Fitness, Inc. (NYSE:PLNT) remained up at 43.28% and 49.85% respectively.