By the end of September, the fitness industry had lost almost $15 billion in sales, 480,000 jobs, and 15% of gyms had permanently shuttered. Physical activity levels plummeted by around 48 percent during the initial lockdown period in 2020, according to health data analytics firm Evidation. Like all other industries, the fitness business began to adapt to the online world. Virtual workouts provided by fitness service providers such as Planet Fitness, Inc. and other fitness firms such as WW International have begun to alter people’s workout habits. The above-mentioned McKinsey & Co. report provides us reason to be optimistic about the future of virtual fitness. We’ve put together a list of the finest weight-loss stocks to invest in right now. The stocks were chosen based on a number of variables, including hedge fund popularity, fundamentals, and chances for long-term growth.
Here is Insider Monkey’s list of the 10 best weight loss stocks to buy now. WW International (previously Weight Watchers) is ranked 10th on the list of the top weight loss stocks to purchase right now. North America, Continental Europe, the United Kingdom, and Others are the company’s four segments. It is up 51.27 percent in the last six months and 57.09 percent for the year. On the list of the top weight loss stocks to purchase right now, Nautilus, Inc. is ranked 9th. Sales increase in the first quarter, fueled by strong demand for fitness bikes and treadmills, helped the fitness solutions company rally. On the list of the top weight loss stocks to purchase right now, Vista Outdoor Inc. is ranked eighth. The company has a forward PE ratio of 12.58 and has increased by 77.45% in the last six months and 86.77 percent year to date. On the list of the best weight loss stocks to purchase right now, DICK’S Sporting Goods, Inc. is ranked 7th. The company’s revenue was $2.92 billion, up 118.92 percent year over year and $694 million ahead of expectations. Planet Fitness, Inc. is the 6th best weight loss stock to purchase right now. The stock has increased by 1.94 percent in the last six months and by 5.67 percent year to date. For more details, click 10 Best Weight Loss Stocks to Buy Now.
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