Life Time Spells Fitness

LTH

The Chart of the Day belongs to fitness facility company Life Time Group (LTH). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/14 the stock gained 22.22%.

LTH Price vs Daily Moving Averages:

Life Time Group Holdings, Inc. provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas. The company also offers fitness floors with equipment, locker rooms, group fitness studios, indoor and outdoor pools, bistros, indoor and outdoor tennis courts, pickleball courts, basketball courts, LifeSpa, LifeCafe, and childcare and Kids Academy learning spaces. In addition, its Life Time Digital provides live streaming fitness classes, remote goal-based personal training, nutrition and weight loss support, curated award-winning health, and fitness and wellness content. The company is also involved in media activities, conducting athletic events, and provision of related services. It operates various centers, including ground leases. The company was formerly known as LTF Holdings, Inc. and changed its name to Life Time Group Holdings, Inc. in June 21, 2021. Life Time Group Holdings, Inc. was founded in 1992 and is headquartered in Chanhassen, Minnesota.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

 

Barchart Technical Indicators:

  • 100% technical buy signals
  • 126.25+ Weighted Alpha
  • 134.02% gain in the last year
  • Trend Seeker buy signal
  • 1.94 - 60 month Beta
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 32.97% in the last month
  • Relative Strength Index 76.83%
  • Technical support level at $29.70
  • Recently traded at $30.50 with 50 day moving average of $24.69

Fundamental Factors:

  • Market Cap $6.32 billion
  • P/E 40.70
  • Revenue expected to grow 18.21% this year and another 12.17% next year
  • Earnings estimated to increase 28.75% this year and an additional 42.48% next year

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts issued 8 strong buy, 1buy, and 4 hold opinions on the stock
  • Their price targets between $22 and $43 with a consensus of 31.69 for an 4% loss
  • Value Line rates the stock above average with a price target of 25 for a 20% loss and comments:"This issue is best suited for accounts with a near-term investment horizon. These shares are ranked above average (2) for stock price performance over the next 6-12 months. But, intermediate- and long term prospects are limited here, after the rise in stock price, despite strong projected top- and bottom-line growth. "
  • CFRAs MarketScope rate the stock a buy
  • MorningStar thinks the stock is 19% over valued
  • 1,790 investors monitor the stock on Seeking Alpha

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

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On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.