With 5.48 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.55 million shares. The 52-week range on PLNT shows that it touched its highest point at $110.00 and its lowest point at $59.16 during that stretch. It currently has a 1-year price target of $111.41. Beta for the stock currently stands at 1.33.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLNT was up-trending over the past week, with a rise of 2.44%, but this was up by 7.18% over a month. Three-month performance dropped to -10.56% while six-month performance rose 23.03%. The stock gained 60.12% in the past year, while it has lost -1.81% so far this year. A look at the trailing 12-month EPS for PLNT yields 2.01 with Next year EPS estimates of 3.42. For the next quarter, that number is 0.78. This implies an EPS growth rate of 13.10% for this year and 16.59% for next year. EPS is expected to grow by 15.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.33%.
Float and Shares Shorts:
At present, 84.32 million PLNT shares are outstanding with a float of 83.59 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLNT since 10 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.5277 being high and $2.48758 being low. For PLNT, this leads to a yearly average estimate of $2.50764.
