Peloton Interactive Inc. (PTON) Reached A New High 2 times During The Past Five Days


As of Wednesday close, Peloton Interactive Inc.’s (NASDAQ:PTON) stock was up $0.38, moving up 3.94 percent to $10.03. The average number of shares traded per day over the past five days has been 9,026,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.91 fall in that time frame. In the last twenty days, the average volume was 14,486,835, while in the previous 50 days, it was 14,720,664.

Since last month, PTON stock rose 34.09%. Shares of the company fell to $6.76 on 10/24/22, the lowest level in the past month. A 52-week high of $47.75 was reached on 02/08/22 after having rallying from a 52-week low of $6.66. Since the beginning of this year, PTON’s stock price has dropped by -71.95% or -$25.73, and marked a new high 3 times. However, the stock has declined by -78.99% since its 52-week high.

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PTON stock investors should be aware that Peloton Interactive Inc. (PTON) stock had its last reported insider trading activity 7 days ago on Nov 18. Cotter Jennifer Cunningham, the Chief Content Officer of the company, disposed of 530 shares for $11.01 on Nov 18. It resulted in a $5,835 divestment by the insider. Cotter Jennifer Cunningham sold 15,332 shares at an average price of $11.12 on Nov 16. The insider now owns 39,769 shares following the transaction. On Nov 16, Chief Product Officer Cortese Thomas sold 11,445 shares at $11.17 apiece. The transaction was valued at $127,848.

Financial Health

In the three months ended June 29, Peloton Interactive Inc.’s quick ratio stood at 1.40, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 6.48, and the total debt-to-equity ratio was 6.51. On the profitability front, the trailing twelve-month gross margin is 19.20% percent. In the year ended June 29, operating margins totaled -81.00%. Based on annual data, PTON earned $698.4 million in gross profit and brought in $3.58 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -127.80%. Return on equity (ROE) for the past 12 months was -230.10%.

In Peloton Interactive Inc.’s quarter-end financial report for June 29, it reported total debt of $690.1 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PTON’s revenue fell -30.61% to $678.8 million during the quarter, while net income inched up to $616.5 million. While analysts expected Peloton Interactive Inc. to report -$0.72 quarterly earnings, the actual figure was -$2.68 per share, beating the consensus estimate by -272.20%. During the quarter, the company generated -$341.8 million in EBITDA. The liabilities of Peloton Interactive Inc. were 3.33 billion at the end of its most recent quarter ended June 29, and its total debt was $2.37 billion. The value of shareholders’ equity is $340.05 million.

Technical Picture

This quick technical analysis looks at Peloton Interactive Inc.’s (PTON) price momentum. With a historical volatility rate of 83.26%, the RSI 9-day stood at 52.74% on 23 November.

With respect to its five-day moving average, the current Peloton Interactive Inc. price is down by -8.32% percent or -$0.91. At present, PTON shares trade +30.43% above its 20-day simple moving average and -3.65% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.96% below its SMA50 and -73.09% below its SMA200.

Stochastic coefficient K was 49.47% and Stochastic coefficient D was 56.59%, while ATR was 0.85. Given the Stochastic reading of 45.19% for the 14-day period, the RSI (14) reading has been calculated as 54.07%. As of today, the MACD Oscillator reading stands at -0.71, while the 14-day reading stands at -0.30.

Analyst Ratings

Peloton Interactive Inc. downgraded its rating on Peloton Interactive Inc. (NASDAQ: PTON) to a Market perform in a note to investors on November 22, 2022. The analysts firm previously had an Outperform rating on the stock.Peloton Interactive Inc. (PTON) has been rated Overweight by analysts. According to 2 brokerage firms, PTON is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Peloton Interactive Inc. stock as buy, with 11 recommending it as overweight.

With a median target price of $13.00, the current consensus forecast for the stock is $5.00 – $20.00. Based on these forecasts, analysts predict Peloton Interactive Inc. (PTON) will achieve an average price target of $12.64.


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