Planet Fitness Inc (PLNT)
Planet Fitness, Inc., franchises and operates gyms under the Planet Fitness brand. The company is headquartered in Hampton, New Hampshire.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 183.49% per annum.
- PLNT price at the close of July 25, 2024 was $74.70 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 68.79% per annum.
- PLNT price at the close of July 25, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of PLNT price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: April 16, 2024
End date: July 25, 2024
a = -0.8578
b = 0.0029
s = 0.0319
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0029) – 1
= 183.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0319) – 1
= 13.60%
April 16, 2024 calculations
Top border of price channel:
Exp(Y1,188)
= Exp(a + b × X1,188 + 2 × s)
= Exp(a + b × 1,726 + 2 × s)
= Exp(-0.8578 + 0.0029 × 1,726 + 2 × 0.0319)
= Exp(4.1334)
= $62.39
Bottom border of price channel:
Exp(Y1,188)
= Exp(a + b × X1,188 – 2 × s)
= Exp(a + b × 1,726 – 2 × s)
= Exp(-0.8578 + 0.0029 × 1,726 – 2 × 0.0319)
= Exp(4.0058)
= $54.92
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-0.8578 + 0.0029 × 1,826 + 2 × 0.0319)
= Exp(4.4188)
= $83.00
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.8578 + 0.0029 × 1,826 – 2 × 0.0319)
= Exp(4.2913)
= $73.06
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 183.49% per annum.
- PLNT price at the close of July 25, 2024 was $74.70 and was inside the primary price channel.
Secondary Trend
Start date: June 10, 2024
End date: July 25, 2024
a = 1.7152
b = 0.0014
s = 0.0151
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 68.79%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0151) – 1
= 6.22%
June 10, 2024 calculations
Top border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 + 2 × s)
= Exp(a + b × 1,781 + 2 × s)
= Exp(1.7152 + 0.0014 × 1,781 + 2 × 0.0151)
= Exp(4.2998)
= $73.69
Bottom border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 – 2 × s)
= Exp(a + b × 1,781 – 2 × s)
= Exp(1.7152 + 0.0014 × 1,781 – 2 × 0.0151)
= Exp(4.2395)
= $69.37
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.7152 + 0.0014 × 1,826 + 2 × 0.0151)
= Exp(4.3643)
= $78.60
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.7152 + 0.0014 × 1,826 – 2 × 0.0151)
= Exp(4.3040)
= $74.00
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 68.79% per annum.
- PLNT price at the close of July 25, 2024 was inside the secondary price channel.