Part Planet Fitness: It was clear… ()

On October 20, 2022, 00:40, Planet Fitness shares are listed on their home market in New York at a price of 60.81 USD. The company belongs to the leisure facilities segment.

Based on a total of 7 evaluation criteria, we have compiled an evaluation of the current level of Planet Fitness. At each stage, the company receives a buy, hold or sell rating. This results in a final weighting of the overall score.

1. Industry Comparison Stock Price: The stock has returned -13.95% over the past year. Compared to stocks in the same sector (“Consumer Discretionary”), Planet Fitness is 54.48% below the average (40.53%). The median annual return for securities in the same “hotel, restaurant and leisure” sector is 24.23%. Planet Fitness is currently 38.18% below this value. Due to the underperformance, we rate the stock as an overall “sell” at this level.

2. Relative Strength Index: The Relative Strength Index (also Relative Strength Index, abbreviated RSI) is used in technical analysis to assess whether a stock is overbought or oversold. As a result, overbought stocks are more likely to see short-term price declines, while oversold stocks are more likely to see price gains. For this point of analysis, we consider the 7-day and 25-day RSI for Planet Fitness. First the RSI7, which currently stands at 50.74 points, indicating that Planet Fitness is neither overbought nor oversold. This gives the stock a “Hold” rating for the 7-day RSI. The 25-day RSI fluctuates less in comparison. Again, Planet Fitness is neither overbought nor sold (value: 64.24), so the stock also receives a “hold” rating for RSI25. Together, Planet Fitness security gets a “Hold” rating in this section.

3. Investors: Investor sentiment is an important sentiment indicator for valuing a stock. Recently, the Planet Fitness stock has also been discussed on social media. The majority of reviews posted were positive. Moreover, the opinion market has been particularly concerned about the positive topics around Planet Fitness in recent days. This circumstance triggers an overall “buy” rating. In summary, the analysis of investor sentiment results in the overall “Buy” rating.

Should Planet Fitness Investors Sell Immediately? Or is it worth starting?

How will Planet Fitness evolve now? Is an entry worth it or should investors sell instead? Find out the answers to these questions and why you need to act now in the latest analysis from Planet Fitness.


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