With 2.03 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.15 million shares. The 52-week range on PLNT shows that it touched its highest point at $110.00 and its lowest point at $54.35 during that stretch. It currently has a 1-year price target of $111.82. Beta for the stock currently stands at 1.52.
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 down-trending over the past week, with a drop of -2.38%, but this was down by -7.79% over a month. Three-month performance surged to 4.58% while six-month performance rose 25.81%. The stock gained 49.89% in the past year, while it has gained 0.77% so far this year. A look at the trailing 12-month EPS for PLNT yields 1.86 with Next year EPS estimates of 2.94. For the next quarter, that number is 0.62. This implies an EPS growth rate of 11.95% for this year and 17.06% for next year. EPS is expected to grow by 15.54% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.09%.
Float and Shares Shorts:
At present, 84.10 million PLNT shares are outstanding with a float of 83.72 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. Based on analyst estimates, the high estimate for the next quarter is $0.7 and the low estimate is $0.55. The average estimate for the next quarter is thus $0.63.
