Planet Fitness is priced at $68.09 on 09/16/2022 1:19 PM on New York Home Exchange. The paper belongs to the Leisure Facilities segment.
In an internal analysis, we rated Planet Fitness based on the 7 most important factors based on current data. This results in an evaluation such as “Buy”, “Hold” or “Sell”. These 7 different individual factors then lead to an overall consolidated assessment of the outlook for the stock.
1. Fundamental: Planet Fitness’s current P/E ratio is 71.14. Therefore, the participation is below average (approx. 5 percent) compared to the values of the “hotels, restaurants and leisure” sector (PER of 74.54). Therefore, from a fundamental point of view, Planet Fitness is undervalued and therefore receives a “buy” rating at this level.
2. Technical Analysis: Planet Fitness’s current price of $68.09 is a “sell” signal at a distance of -14.35 percent from GD200 ($79.5) from a technical evaluation point of view of the graph. In contrast, the GD50, which quantifies the evolution of the average price over 50 days, shows a price of USD 74.86. This means that for the share price there is a “Sell” signal, as the gap is -9.04 percent. The bottom line is that Planet Fitness’s stock price is rated “Sell” based on the 50 and 200 day average.
3. Relative Strength Index: The Relative Strength Index (also Relative Strength Index, RSI for short) is used in technical analysis to assess whether a stock is overbought or oversold. As a result, overbought stocks are more likely to experience short-term price declines, while oversold stocks are more likely to experience price gains. For this analysis point, we consider the 7 and 25 day RSI for Planet Fitness. First the RSI7, which currently stands at 34.77 points, indicating that Planet Fitness is neither overbought nor oversold. This gives the stock a “Hold” rating for the 7-day RSI. The 25-day RSI fluctuates less in comparison. As with RSI7, Planet Fitness is neither overbought nor oversold on this basis (value: 62.07). Therefore, the security is also classified as “Hold” for the RSI25. Overall, Planet Fitness’s safety earns a “Hold” rating in this section.
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.