Planet Fitness price is set at $63.02 on 09/21/2022 09:47 on New York home exchange. The paper belongs to the Leisure Facilities segment.
Based on a proven scheme, we rate Planet Fitness at the current level. The stock undergoes an evaluation of 7 factors, each of which is rated “Buy”, “Hold” or “Sell”. This results in an overall evaluation in the last step.
1. Fundamental: The lower a stock’s price-to-earnings (P/E) ratio, the cheaper it appears at first glance. Growth stocks tend to have higher P/E ratios. With a score of 71.14, Planet Fitness is below the industry average. The exact gap is currently 5 percent with an average price-earnings ratio for the “hotels, restaurants and leisure” sector of 74.56. Due to the relatively low price-earnings ratio, the stock can be described as “cheap” and therefore receives a “buy” based on fundamental criteria.
2. Relative Strength Index: The Relative Strength Index (RSI) is a well-known means of technical analysis to assess whether a security is currently “overbought” or “oversold.” Compare price movements over time. We look at the 7 and 25 day RSI for Planet Fitness. Let’s start with the 7-day RSI, which is currently at 94.41 points. That means Planet Fitness is currently overbought. Therefore, the action is classified as a “sale”. What about the 25-day RSI? As with RSI7, Planet Fitness is overbought on this basis (value: 70.86). Therefore, the value is also classified as “Sell” for the RSI25. The bottom line is that Planet Fitness is rated “Sell” at this point in our analysis.
3. Industry Comparison Stock Price: Planet Fitness achieved a performance of -13.95 percent in the last 12 months. Similar stocks in the Hotels, Restaurants and Leisure industry rose 23.06% on average, trailing Planet Fitness by -37.01% to industry peers. The “Consumer Discretionary” sector had an average return of 40.34 percent over the past year. Planet Fitness was 54.29 percent below that average. Poor performance in both industry and sector comparisons leads to a “Sell” rating in this category.
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.