The market has been neutral on Planet Fitness Inc (PLNT) stock recently. PLNT gets a Neutral score from InvestorsObserver's Stock Sentiment Indicator.
Planet Fitness Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on PLNT!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With PLNT Stock Today?
Planet Fitness Inc (PLNT) stock is lower by -1.14% while the S&P 500 has risen 0.5% as of 11:51 AM on Thursday, Jul 2. PLNT is lower by -$0.71 from the previous closing price of $62.19 on volume of 397,907 shares. Over the past year the S&P 500 is higher by 4.80% while PLNT is lower by -19.16%. PLNT earned $1.19 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 51.56.
To see InvestorsObserver's Sentiment Score for Planet Fitness Inc click here.
More About Planet Fitness Inc
Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama and Mexico, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Franchise business segment.
