Taking a Fresh Look at Planet Fitness, Inc. (PLNT)

Planet Fitness, Inc. (PLNT) is an interesting player in the Services space, with a focus on Sporting Activities. The stock has been active on the tape, currently trading at $34.63, down from yesterday’s close by -0.55%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Planet Fitness, Inc. (PLNT) currently trades with a market capitalization of $3.42 Billion. That value represents a market adjusting for revenues that have been growing by 12.06 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $96.78 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.23 on a per share basis this quarter. Perhaps, that suggests something about why 0.02% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Planet Fitness, Inc. recorded a 52-week high of $34.87. It is now trading 0.23999999999999% off that level. The stock is trading $30.41 its 50-day moving average by -4.22%. The stock carved out a 52-week low down at $18.32.

In recent action, Planet Fitness, Inc. (PLNT) has made a move of +6.98% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 12.17% with $73.08 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PLNT.

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