Shares of Planet Fitness, Inc. (NYSE:PLNT) recorded 17.04% gain during trading session on November 7th, 2018. The script traded as low as $51.69 and last traded at $55.57. 4.3 million shares changed exchanged hands during trading, a drop of -273.59% from the 30-day average session volume of 1.15M shares. The firm had previously closed at $47.48. The company has $100.14M outstanding shares, a price-to-earnings ratio of 12.27, price-to-earnings-growth ratio of 11.28 and a beta of N/A. The company has a RSI of 68.47, ATR of 2.46 and a volatility of 4.63% this week. PLNT has a 52 week low price of $25.56 and a 52 week high price of $55.35.
Investors have identified the tech company Planet Fitness, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 5.56B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Planet Fitness, Inc. (PLNT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For PLNT, the company has in raw cash 147.78 million on their books with 14.72 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 0 total, with 0 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
PLNT were able to record 0 as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 0. In cash movements, the company had a total of 0 as operating cash flow.
Potential earnings growth for Planet Fitness, Inc. (PLNT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Planet Fitness, Inc. recorded a total of 140.55 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.24% coming in sequential stages and their sales for the third quarter increasing by 0.14%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 36.74 million trying to sell their products during the last quarter, with the result yielding a gross income of 103.81 million. This allows shareholders to hold on to 100.14M with the revenue now reading 300 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.30 cents a share).
Is the stock of PLNT attractive?
Having a look at the company’s valuation, the company is expected to record 1.36 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PLNT sounds very interesting.
In related news, Chief Executive Officer Rondeau Christopher sold 40,000 shares of the company’s stock in a transaction that recorded on October 4th, 2018. The sale was performed at an average price of 50.70, for a total value of 2,027,884. As the sale deal closes, the Chief Executive Officer Rondeau Christopher now sold 40,000 shares of the company’s stock, valued at 2,036,968. Also, Chief Executive Officer Rondeau Christopher sold 46,832 shares of the company’s stock in a deal that was recorded on September 21st, 2018. The shares were sold at an average price of 50.37 per share, with a total market value of 0. Following this completion of acquisition, the Chief Executive Officer now holds 33,168 shares of the company’s stock, valued at 1,657,405. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
6 out of 14 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Planet Fitness, Inc. stock. 0 analysts has assigned a Sell rating on the PLNT stock. The 12-month mean consensus price target for the company’s shares has been set at $55.17.