Planet Fitness shares are listed on the New York Stock Exchange on October 15, 2022 at 00:37 at a price of $61.07. Planet Fitness stock is allocated to the “leisure facilities” segment.
In a complex analysis process, our company’s analysts rated Planet Fitness based on a total of 7 evaluation criteria. All individual criteria lead to a rating such as “Buy”, “Hold” or “Sell”. From this, an overall ranking for the stock is calculated in the final overall evaluation.
1. Industry Comparison Stock Price: The stock achieved a return of -13.95 percent over the past year. Compared to stocks in the same sector (“Consumer Discretionary”), Planet Fitness is 54.55 percent below average (40.6 percent). The average annual return on stocks in the same industry “hotels, restaurants and leisure” is 24.28 percent. Planet Fitness is currently 38.23 percent below this value. Due to poor performance, we rate the stock “Sell” overall at this level.
2. Technical Analysis: A look at the technical development of a stock using the moving average can be used to determine the current trend in value. Let’s look at the moving average of the closing price of Planet Fitness shares over the last 200 trading days. This value is currently USD 76.97. This means that the latest closing price ($61.07) is significantly lower (difference -20.66 percent). On this basis, we rate the stock “Sell”. What does this calculation look like if you determine the moving average based on the last 50 trading days? For this one ($68.32), the latest close is also below the moving average (-10.61 percent deviation). Therefore, the Planet Fitness stock is also rated “sell” on this shorter timeframe. Therefore, the Planet Fitness stock receives a “Sell” rating for the simple chart technique.
3. Sentiment and enthusiasm: a longer-term view of communication on the Internet also contributes significantly to evaluating participation. For the evaluation, we considered both the criterion of intensity of the discussion, that is, the frequency of reports, and the rate of change of mood. Planet Fitness showed interesting features in this review. The intensity of the discussion is average, as normal activity can be seen. This results in a “Hold” rating. The rate of mood change experienced little change during this period. From this, publishers derive a “Retain” rating. The end result is therefore a “sale” rating.
Buy, keep or sell Planet Fitness?
How will Planet Fitness evolve now? Is it worth entering or should investors sell? Find out the answers to these questions and why you need to act now in Planet Fitness’s latest review.