The name of the fitness center is slated to release its second quarter results on August 2nd
Name of the fitness center Planet Fitness, Inc. (NYSE: PLNT) up 0.3% today to $ 73.78 on last review. While the reason for this positive price move wasn’t immediately clear, the stock appears to be preparing for its second quarter earnings report to be released on Monday, August 2nd. Below, we’ll take a closer look at how the stock has performed recently on the charts and delve deeper into some of its past post-profit activity.
Planet Fitness stock has experienced a fair amount of volatility over the past 12 months. More recently, stocks have cooled from an all-time high of $ 90.34 on Feb.25, despite attempting another rally towards those levels later in April. The security is now capping at the $ 75 mark while the 40-day moving average is holding gains. Year-on-year, however, the PLNT remains up around 26%.
The stock has had a generally negative history of post-earnings reactions for the past two years. Specifically, five of these next-day meetings were lower during the company’s last eight reports, including a 6.8% decrease in August 2020. Additionally, PLNT recorded an average after-profit fluctuation of 5.2% over the last eight quarters regardless of direction. .
From a fundamental perspective, Planet Fitness stock is struggling to recover from the effects of the Covid-19 pandemic. In fiscal 2020, PLNT revenues declined 41% while net income declined over $ 130 million. Additionally, the security’s past 12 month sales are down 4%, and net income for the past 12 months is down over $ 3 million, compared to what was reported for just $ 501.9 million in 2020 Dollars in cash.
Now may be the time to bet on PLNT’s next move with options. The Schaeffer’s Volatility Index (SVI) of 40% for the stock is in the 18th percentile of values in its annual range, suggesting that option players are currently pricing in low volatility expectations.