Checking the Overall Picture for Planet Fitness, Inc. (PLNT)

Planet Fitness, Inc. (NYSE:PLNT) is an interesting player in the Services space, with a focus on Sporting Activities. The stock has been active on the tape, currently trading at $20.48, up from yesterday’s close by 1.59%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. Planet Fitness, Inc. (PLNT) currently trades with a market capitalization of $2.24B. That value represents a market adjusting for revenues that have been growing by 26.40% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For PLNT, the company currently has $65.95M of cash on the books, which is offset by $482.17M current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $71.23M over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 0.19 on a per share basis this quarter.

Technical Analysis

It’s important to check the technicals to get a sense of how has been acting. Looking at the stock’s movement on the chart, Planet Fitness, Inc. recorded a 52-week high of 25.10. It is now trading 4.94 off that level. The stock is trading 20.41 its 50-day moving average by 0.25. The stock carved out a 52-week low down at 13.23.

In recent action, Planet Fitness, Inc. (PLNT) has made a move of -1.01% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 18.42, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 41.38M with 28.94% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PLNT.

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