Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Planet Fitness Inc before investing.

In this article, we go over a few key elements for understanding Planet Fitness Inc’s stock price such as:

• Planet Fitness Inc’s current stock price and volume
• Why Planet Fitness Inc’s stock price changed recently
• Upgrades and downgrades for PLNT from analysts
• PLNT’s stock price momentum as measured by its relative strength

About Planet Fitness Inc (PLNT)

Before we jump into Planet Fitness Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Planet Fitness, Inc. is a franchisor and operator of fitness centers in the United States. The Company operates through three segments: Franchise, Corporate-owned stores, and Equipment. The Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia. The Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada. The Equipment segment primarily includes the sale of equipment to franchisee-owned stores in the United States, Canada and Mexico. Its subsidiaries operate three lines of business, which include licensing and selling franchises, owning and operating fitness centers, and selling fitness-related equipment to franchisee-owned stores. The Company has approximately 2,446 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico and Australia.

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Planet Fitness Inc’s Stock Price as of Market Close

As of November 07, 2023, 4:00 PM, CST, Planet Fitness Inc’s stock price was $62.57.

Planet Fitness Inc is up 13.41% from its previous closing price of $55.17.

During the last market session, Planet Fitness Inc’s stock traded between $54.05 and $56.04. Currently, there are 84.62 million shares of Planet Fitness Inc stock available for purchase.

Planet Fitness Inc’s price-earnings (P/E) ratio is currently at 37.5, which is high compared to the Leisure & Recreation industry median of 26.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Planet Fitness Inc Stock Price History

Planet Fitness Inc’s (PLNT) price is currently up 13.21% so far this month.

During the month of November, Planet Fitness Inc’s stock price has reached a high of $65.30 and a low of $53.31.

Over the last year, Planet Fitness Inc has hit prices as high as $85.91 and as low as $44.13. Year to date, Planet Fitness Inc’s stock is down 30.92%.

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What Caused Planet Fitness Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 06, 2023, there were 3 analysts who downgraded Planet Fitness Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Planet Fitness Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Planet Fitness Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Planet Fitness Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Planet Fitness Inc (PLNT) by visiting AAII Stock Evaluator.

Relative Price Strength of Planet Fitness Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 06, 2023, Planet Fitness Inc has a weighted four-quarter relative price strength of -5.83%, which translates to a Momentum Score of 48 and is considered to be Average.

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Planet Fitness Inc Stock Price: Bottom Line

As of November 7, 2023, Planet Fitness Inc’s stock price is $62.57, which is up 13.41% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Planet Fitness Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.