Is Planet Fitness a Buy or Sell? PLNT target price

PUBLISHED Nov 6, 2022, 11:22:42 AM        SHARE

imgMuhammad Shoaib

Investing in gym stocks

You should look into these Planet Fitness gym stock if you're trying to invest in the fitness sector. These businesses, which range from high-end health clubs to low-cost chains, are expanding quickly and might be successful.

More people in America now consider going to the gym a way of life. However, since 2020, when COVID-19 regulations have been in place, many people have chosen to use home exercise equipment, which has put a heavy burden on clubs.

One of the main sources of income for gyms all across the US, gym memberships, experienced a significant decline in the years 2020 to 2021. People started exercising at home to keep in shape, which has been good for some health-related businesses but disastrous for most pure-play gym stocks.

For instance, the home equipment market expanded by 170% within the first half of 2021, while downloads of exercise apps increased by 46% globally despite the ongoing epidemic. Apple Watch shipments also saw a 20% increase during this period. On the other hand, health club centers, notably Town Sports International, declared bankruptcy. Because of this, the growth of the health industry has outpaced that of the gym industry. There is, however, hope.

Gym stocks may do better as the economy recovers from the worldwide pandemic. Check out the firm stock that could profit from a market recovery.

Read more about GameStop

How do you invest in fitness?

The first thing you should do is look at your finances if you're thinking to invest in a gym franchise of any kind. Before you start the application process, make sure you have the necessary funding.

Next, take a look at the several franchise options we have and choose the company that's best for you. Before you invest, read over the financial criteria, any geographical limits, and any prerequisites that could be necessary.

Once you've identified the business opportunity that's ideal for you, you must speak with the franchise company to learn more about the procedures for submitting an application. You might need to go through an interview procedure, show that you have the required funds, and meet with the franchising company before you can become a franchisee.

About Planet Fitness (NYSE:PLNT) Stocks

Based in Hampton, New Hampshire, Planet Fitness (NYSE:PLNT) is an American gym facility franchisor and operator. As per the firm, it operates 2,300+ clubs, making it one of the biggest health club franchises in terms of membership and number of locations.

There are franchises for this company in the US, Canada, Australia, Panama, Mexico, and the Dominican Republic. It bills itself as a "Judgement Free Zone" and targets new and infrequent gym goers. For its environment, it has received both praise and criticism. It is reportedly the fastest-growing health club facility franchise in the country.

Planet Fitness - PLNT Stock Forecast, Price & News

On Friday, October 7, 2022, the PLNT price target dropped by -2.03%, from $62.15 to $60.89. The stock's last trading day saw 2.72% of its daily range between a low of $60.28 and a high of $61.92. In the previous two weeks, the price has increased by 8.97% in 7 of the past 10 days.

Despite declining prices, volume rose to 27 thousand shares yesterday. This could be a forewarning, and the risk will likely increase a little over the next few days. Nine hundred seventy-seven (977) thousand shares were purchased and sold for around $59.50 million.

On Friday, September 23, 2022, a buy signal was generated from a pivot bottom point, which has since increased by 8.97%. More growth is predicted until the discovery of a new top pivot. Additionally, the 3-month Moving Average Convergence Divergence has generated a buy signal (MACD).

Additionally, certain unfavorable signals were sent, and these could have an impact on the development shortly.

Since the long-term average is higher than the short-term average, the stock has a broad sell signal and a more pessimistic outlook. The long-term moving average at $66.10 will act as a barrier for the stock if it continues to rise.

The stock will receive some support from the short-term average of around $60.03 in the event of a decline. Another purchase signal will be given if the long-term average is broken. In contrast, another sell signal will be added if the short-term average is broken, strengthening the overall signal. Yesterday, volume increased while prices declined. The stock should be properly monitored, as this could be an early warning.

PLNT Stock - Frequently Asked Questions

Is Planet Fitness in debt?

For the three months ending June 30, 2022, Planet Fitness had long-term debt of $1.986 billion, up 13.74% from the previous period. The long-term debt of Planet Fitness in 2021 was $1.74 billion, a decrease of 0.64% from 2020.

Is Planet Fitness a good stock to Buy now?

Buy is the general opinion following the rating of the company. Relying on 3 hold ratings, 9 buy ratings, and no sell ratings, the firm has an average rating score of 2.85.

Will Planet Fitness stock go up?

The consensus price objective among the 17 analysts providing 12-month price projections for the business is $93, with the high estimate being $115 and the low estimate being $65. From the most recent price of 60.88, the median projection reflects a rise of +52.76%.

Are there any publicly traded gyms?

Numerous gyms have stock that is traded on the open market. The shares of some of the biggest and best-known gym chains in the world, such as Planet Fitness, Lifetime, and F45, are traded on significant exchanges.

Are gym stocks suitable for your portfolio?

The secret is to create a diverse portfolio that includes a variety of investments and makes sense given your attitude toward risk.

Equities (stocks in companies), corporate and government bonds, real estate, cash, and other assets make up a balanced investment portfolio.

So, to have better diversified portfolio gym stocks are ideal for investment. Keep in mind that overdiversification is also not recommended.

See more related: Nvidia Stock Price & Forecast



Planet Fitness Inc
Return: -3.19%


Return: -3.19%

Sound investments
don't happen alone

Find your crew, build teams, compete in VS MODE, and identify investment trends in our evergrowing investment ecosystem. You aren't on an island anymore, and our community is here to help you make informed decisions in a complex world.

More Reads
Are we in an Index Fund Bubble?

Are we in an index fund bubble? Should you stay the course and keep investing, or should you sell and look for better opportunities? As with most things there is no one size fits all answer. The markets are in a state of turmoil, so it is easy to see why one would think that avoiding certain asset classes might be a good idea. Let’s take a look at index fund investing so you can see if it is right for you.

Dividend Stock Watch List: Lanny’s November 2022 Edition

Welcome back to another dividend stock watch list article! The stock market is still down almost 19% year-to-date, but the last full week of October there definitely was a big push!

Is Verizon a Good Dividend Stock?

Despite the recent uptick, the bear market is still growling in 2022. The Nasdaq and S&P 500 Index are down more than 20% each, while the Dow 30 is doing somewhat better. Consequently, many high-quality stocks’ stock prices have also declined, along with valuations. One such stock is Verizon Communications (VZ), trading near its 52-week low and the lowest price in a decade. But is the stock a value trap, or is Verizon a good dividend stock?

AWK Stock Forecast - Is American Water Works A Good Stock To Buy?

American Water Works (AWK) is a good stock to buy. Investors can take advantage of the lower price of this utility stock and get a stable dividend every quarter. AWK stock forecast is also positive.

Recent Stock Purchase October 2022

As you know by now I make a stock purchase every single month no matter what is going on in the world and despite the doom and gloom headlines. Perhaps I am naive or more of an optimist that we will get through these dark financial times somehow. Either way, I have been busy buying up some stock this month and was happy to put some fresh and recycled capital to work to try and recoup some of my lost dividend income courtesy of the numerous cuts bestowed upon my portfolio in recent years.

October 2022 Stock Considerations

A new trading month is about the begin and boy do we have a seemingly endless crop of stocks that are becoming fair valued to undervalued. The reality of the day is that we’ll continue to see stock prices continue to come down as interest rates rise. No reason to believe interest rates will stop climbing anytime soon.

5 Funeral Home Stocks and Death Care Trends

There are two certainties in life… death and taxes. Most people plan for taxes each year but few plan their funeral. It’s a tough topic to discuss but your family will be relieved that you had it planned. Losing a loved one is difficult and when you’re emotionally fragile and grief-stricken, planning a funeral is even harder. Funeral homes know this. They’re for-profit companies, and their industry is booming thanks to the world’s growing (and grieving) population.

September 2022 Dividend Growth Watchlist

As I described in my post here about my passive income strategy, I will be focusing on 3 key areas 1. Dividends 2. Options 3. Mortgage The first 2 parts all involve the stock market and my main criteria is to focus on quality companies as much as possible. During the last 2 years I have been stuck with some real humdingers, either by chasing yield or chasing premium.

Dominion Stock Forecast - Dominion Stock Dividend

Dominion Stock Forecast for the upcoming quarters is optimistic. Why is Dominion Energy stock dropping? Let's explore Dominion Stock Dividend!

Five Below stock growth, earning report, buy or sell, and news

Five Below Inc., often known as fiVe BEL°W in abbreviated form. It is a chain of specialist discount stores in the United States. Learn more!

SRE Stock Forecast and the Latest Earnings Report

SRE stock forecast is very impressive as many analysts are expecting this stock to outperform the market. Let's learn how!

STAG Industrial: Perfect Time to Buy This 5% Yielding, Monthly Dividend Paying REIT?

Who is STAG Industrial? STAG is a Real Estate Investment Trust (REIT) that specializes in acquiring and managing industrial properties throughout the United States

Dividend Kings In Focus: Kimberly-Clark

Kimberly-Clark (KMB) increased its dividend for the 50th consecutive year at the start of 2022. As a result, it has joined the list of Dividend Kings.

Is BBY A Buy or Sell? Is Best Buy still the Best Buy For Investors?

On one side, the end of the pandemic revived many businesses to the pre-Covid situation; it has negatively affected the growth of other companies. BBY is one of those businesses affected negatively.

Federal Realty (FRT): A Dividend King REIT

The overall Real Estate Investment Trust (REIT) sector has been down a lot year to date.

The Top Electric Utility Companies Ranked Best to Worst

Electric utilities are a great way to add dividend income to your portfolio. We rank them by the best income investments during these volatile times.

The Best Water Utilities that Pay Dividends

Water Utility stocks are great sources of dividends and can add more stability to an income portfolio

Intel (INTC) Stock – Too Cheap to Ignore?! | Dividend Investing

Intel (INTC) stock is down 45% this year. The dividend yield has SWELLED up to 5%. As a dividend investor, looking for iconic dividend stocks, Intel stock may have too low of a stock price to ignore.

Dividend Kings In Focus: Lowe’s Companies

Lowe’s traces its roots back to 1921, when LS Lowe founded a hardware store in North Wilkesboro, North Carolina.

Invest in Water Stocks

Water stocks are a unique class of utility equities. Water and wastewater treatment and service is often a municipal function.

Resources for Publishers
Resources for New Investors
Boosted with BossCoin
Financial Literacy Leaders
Tom Hamilton
Wise Intelligent
Mark Robertson
Kevin Matthews II
Akeiva Ellis
Brendan Dale
Kenneth Chavis IV
Sharita Humphrey