Peloton Interactive Inc. (PTON) Chief Accounting Officer Owns Stock Worth $2775.0

0
19

Peloton Interactive Inc. (NASDAQ:PTON) finished Thursday with a subtraction of -$0.46 to close at $8.59, a downside of -5.08 percent. An average of 10,659,980 shares of common stock have been traded in the last five days. There was a fall of -$2.09 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 16,873,055 shares traded, while the 50-day average volume stands at 15,988,048.

PTON stock has decreased by -23.30% in the last month. The company shares reached their 1-month lowest point of $8.57 on 09/07/22. With the stock rallying to its 52-week high on 02/08/22, shares of the company touched a low of $8.22 and a high of $99.98 in 52 weeks. It has reached a new high 3 times so far this year and lost -75.98% or -$27.17 in price. In spite of this, the price is down -91.41% from the 52-week high.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now.

Sponsored


Insider Transactions

38 days have passed since Peloton Interactive Inc. (PTON) last reported insider trading activity. Klingsick Allen J, who is Chief Accounting Officer, most recently acquired $2,775 shares at $13.88 per share on Aug 16. In this transaction, the insider spent $38,505. Chief Commercial Officer, Cornils Kevin, disposed of 7,037 shares at a price of $14.10 on Aug 16. The insider now owns more than $99,208 worth of shares. Prior to that, Chief Accounting Officer Klingsick Allen J went on to Sale 1,456 shares at $15.01 each on May 17. An amount of $21,847 was transacted.

Valuation Metrics

Peloton Interactive Inc. (PTON) has a trailing price-to-sales (P/S) ratio at 0.89, the price-to-book (PB) ratio at 4.88.

Financial Health

The quick ratio of Peloton Interactive Inc. for the three months ended June 29 was 1.40, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.62 and a total debt to equity ratio of 2.63 for the quarter ending June 29. Its gross profit as reported stood at $698.4 million compared to revenue of $3.58 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Peloton Interactive Inc.’s return on assets was -61.70%.

Earnings Surprise

For the three-month period that ended June 29, Peloton Interactive Inc. had $690.0 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$1.26 billion in the quarter, while revenues of -$757.1 million were grew 75.04%. The analyst consensus anticipated Peloton Interactive Inc.’s latest quarter earnings to come in at -$0.72 per share, but it turned out to be -$2.68, a -272.20% surprise. For the quarter, EBITDA amounted to -$1.16 billion. Shareholders own equity worth $338.43 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Peloton Interactive Inc. (PTON) price momentum. RSI 9-day as of the close on 22 September was 35.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 93.57%.

As of today, PTON’s price is $9.39 -19.57% or -$2.09 from its 5-day moving average. PTON is currently trading -36.28% lower than its 20-day SMA and -51.08% lower than its 100-day SMA. However, the stock’s current price level is -3.81% below the SMA50 and -79.78% below the SMA200.

The stochastic %K and %D were 20.98% and 35.81%, respectively, and the average true range (ATR) was 0.84. With the 14-day stochastic at 0.80% and the average true range at 0.91, the RSI (14) stands at 40.00%. The stock has reached -0.77 on the 9-day MACD Oscillator while the 14-day reading was at -0.57.

Analyst Ratings

The consensus rating for Peloton Interactive Inc. (PTON) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell PTON, while 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 12 others rate it as a “buy”.

What is PTON’s price target for the next 12 months?

Analysts predict a range of price targets between $8.00 and $26.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for Peloton Interactive Inc. (PTON) stock is $16.20.

LEAVE A REPLY

Please enter your comment!
Please enter your name here