Planet Fitness, Inc. (NYSE:PLNT) average daily volatility for this week is 3.64% which is less than the 4.45% recorded over the past month. Its shares dropped by -3.88% or -$2.27 from its last recorded high of $58.5 which it attained on December 04 to close at $56.23 per share. Over the past 52 weeks, the shares of Planet Fitness, Inc. has been trading as low as $28.98 before witnessing a massive surge by 94.03% or $27.25. This price movement has led to the PLNT stock receiving more attention and has become one to watch out for. It jumped by 1.08% on Thursday and this got the market excited. The stock’s beta now stands at 0 and when compared to its 200-day moving average and its 50-day moving average, PLNT price stands 23.55% above and 10.56% above respectively.
Planet Fitness, Inc. (PLNT) sank -0.92% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 77.05% and is now up by 62.37% since start of this year. A look at its monthly performance shows that the stock has recorded a 19.38% gain over the past 30 days. Its equity price climbed by 12.89% over the past three months which led to its overall six-month increase to stand at 31.29%.
Experts from research firms are bullish about the near-term performance of Planet Fitness, Inc. with most of them predicting a $56.92 price target on a short-term (12 months) basis. The average price target by the analysts will see a 1.23% rise in the stock and would lead to PLNT’s market cap to surge to $5.63B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 14 analysts that track Planet Fitness, Inc. (NYSE:PLNT) and find out that 5 of them rated it as a Hold. 9 of the 9 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at PLNT technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 59.74 point. Its trading volume has lost -80749 shares compared to readings over the past three months as it recently exchanged 1149251 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1230000 shares, and this is 0.93 times the normal volume.
The price of V.F. Corporation (NYSE:VFC) currently stands at $79.95 after it went down by $-0.39 or -0.49% and has found a strong support at $78.2 a share. If the VFC price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $76.44 mark would also be bad for the stock as it means that the stock would plunge by 4.39% from its current position. However, if the stock price is able to trade above the resistance point around $80.86, then it could likely surge higher to try and break the upward resistance which stands at $81.76 a share. Its average daily volatility over the past one month stands at 2.53%. The stock has plunged by 3.25% from its 52-weeks high of $77.35 which it reached on Aug. 10, 2018. In general, it is 12.02% above its 52-weeks lowest point which stands at $70.34 and this setback was observed on Dec. 07, 2017.
Analysts have predicted a price target for V.F. Corporation (VFC) for 1 year and it stands at an average $98.04/share. This means that it would likely increase by 22.63% from its current position. The current price of the stock has been moving between $77.35 and $80.01. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $81. On the other hand, one analyst is super bullish about the price, setting a target as high as $110.
The VFC stock Stochastic Oscillator (%D) is at 53.65%, which means that it is currently neutral. The shares P/S ratio stands at 2.42 which compares to the 6.48 recorded by the industry or the 136.78 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 19.23, which is lower than the 22.69 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -25.1% over the past five years.
Analysts view V.F. Corporation (NYSE:VFC) as a Buy, with 2 consensus rating. Reuters surveyed 24 analysts that follow VFC and found that 6 of those analysts rated the stock as a Hold. The remaining 18 were divided, with 18 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying V.F. Corporation (VFC) shares or sell it if they already own it.