PLNT Stock Summary and Trading Ideas (Planet Fitness | NYSE:PLNT)

Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Corporate-owned stores segment.

Planet Fitness trades on the NYSE stock market under the symbol PLNT.

As of April 19, 2024, PLNT stock price climbed to $58.76 with 219,006 million shares trading.

PLNT has a beta of 1.11, meaning it tends to be more sensitive to market movements. PLNT has a correlation of 0.10 to the broad based SPY ETF.

PLNT has a market cap of $5.12 billion. This is considered a Mid Cap stock.

Last quarter Planet Fitness reported $285 million in Revenue and $.60 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.02.

In the last 3 years, PLNT stock traded as high as $99.60 and as low as $44.13.

The top ETF exchange traded funds that PLNT belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

PLNT has underperformed the market in the last year with a price return of -24.8% while the SPY ETF gained +21.9%. PLNT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -21.6% and -6.2%, respectively, while the SPY returned +4.9% and -2.9%, respectively.

PLNT support price is $57.29 and resistance is $60.01 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PLNT stock will trade within this expected range on the day.