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Stock Charts AI Power Rank: 9.5
Power Rank trending -> UP

Last Price: 73.02 - Change: 0.29 - Change %: 0.3987
06/24/2024 16:10:00 EST

Planet Fitness Inc (PLNT)

Industry: Leisure

Price Support Resistance

In the past 20 trading days, PLNT has been trading in a range between $72.56 and $60.80 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

PLNT is trading below resistance at $74.92, about 3% to the upside. There is support at $69.91 -4% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Planet Fitness Inc $PLNT entered a Green zone 16 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $65.81, a potential down side of -9.87% from the recent price of 73.02. The stock is trading 3.89% (potential upside) below its 52 week high of $75.86 and 65.47 % (potential downside) above its 52 week low of $44.13 - based on the recent price.

Company Summary

Planet Fitness, Inc, together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Stores, and Equipment.

PLNT Website

News

Planet Fitness Stock Ready to Rise After Lofty Bull Note
The shares of Planet Fitness Inc (NYSE:PLNT) are up 3.1% before the bell, after TD Cowen upgraded the recreation stock to "buy" from "hold" and raised its price target to $92 from $66.
Source: Schaeffers Research
Mon, 24 Jun 2024 09:02:56 -0400
Sentiment: Positive
This Planet Fitness Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Source: Benzinga
Mon, 24 Jun 2024 08:09:18 -0400
Sentiment: Positive
Planet Fitness, Inc. Announces $280 Million Accelerated Share Repurchase Program
HAMPTON, N.H., June 13, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (the "Company") today announced that it has entered into a $280 million accelerated share repurchase agreement (the "ASR Agreement") with Citibank, N.A.
Source: PRNewsWire
Thu, 13 Jun 2024 07:05:00 -0400
Sentiment: Neutral
Planet Fitness, Inc. Completes Refinancing Transaction
HAMPTON, N.H. , June 12, 2024 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that it has completed its previously announced refinancing transaction.
Source: PRNewsWire
Wed, 12 Jun 2024 16:05:00 -0400
Sentiment: Neutral
Planet Fitness Rises as Jefferies Says 'Stars Have Aligned' for Stock
Planet Fitness (PLNT) shares rose in intraday trading Monday following an upgrade from Jefferies, which was optimistic about new leadership and the potential gain in the number of franchises for the gym operator.
Source: Investopedia
Mon, 10 Jun 2024 12:20:53 -0400
Sentiment: Positive
Instituions Institution %: 113.127
Last QTR Institution change: 2635931

Insiders
Insiders %: 0.448
Insiders Purchases last QTR: 10000
Insiders Sales last QTR: 1000000
Insiders Net last QTR: -990000

Analyst Ratings
Target Price: 65.81
Overall Rating: 4.2222
Strong Buys (5): 8
Buys (4): 6
Holds (3): 4
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 75.86
52 Week Low: 44.13
Beta: 1.431
50 Day MA: 64.2012
200 Day MA: 63.0074

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.45
Qtr Revenue Growth YOY: 0.111
Forward PE: 27.7008
Trailing PE: 42.6782

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