As of Friday close, Peloton Interactive Inc.’s (NASDAQ:PTON) stock was down -$0.38, moving down -4.20 percent to $8.67. The average number of shares traded per day over the past five days has been 8,786,940 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.04 fall in that time frame. In the last twenty days, the average volume was 8,677,080, while in the previous 50 days, it was 10,167,500.
Since last month, PTON stock rose 12.89%. Shares of the company fell to $7.40 on 07/06/23, the lowest level in the past month. A 52-week high of $17.83 was reached on 02/03/23 after having rallying from a 52-week low of $6.62. Since the beginning of this year, PTON’s stock price has risen by 9.19% or $0.73, and marked a new high 15 times. However, the stock has declined by -51.37% since its 52-week high.
PTON stock investors should be aware that Peloton Interactive Inc. (PTON) stock had its last reported insider trading activity 19 days ago on Jul 17. Coddington Elizabeth F, the Chief Financial Officer of the company, disposed of 10,418 shares for $8.92 on Jul 17. It resulted in a $92,895 divestment by the insider. Coddington Elizabeth F sold 10,418 shares at an average price of $8.98 on Jun 15. The insider now owns 41,673 shares following the transaction. On Jun 14, Chief Financial Officer Coddington Elizabeth F sold 35,186 shares at $9.47 apiece. The transaction was valued at $333,278.
Financial Health
In the three months ended March 30, Peloton Interactive Inc.’s quick ratio stood at 1.50, while its current ratio was 2.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 24.40% percent. In the year ended March 30, EBITDA margin amounted to -35.85%, whereas operating margins totaled -77.00%. Based on annual data, PTON earned $698.4 million in gross profit and brought in $3.58 billion in revenue.
In Peloton Interactive Inc.’s quarter-end financial report for March 30, it reported total debt of $690.6 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 -28.76% to $792.6 million during the quarter, while net income inched up to $748.9 million. While analysts expected Peloton Interactive Inc. to report -$0.46 quarterly earnings, the actual figure was -$0.79 per share, beating the consensus estimate by -71.70%. During the quarter, the company generated -$230.5 million in EBITDA. The liabilities of Peloton Interactive Inc. were 3.14 billion at the end of its most recent quarter ended March 30, and its total debt was $2.39 billion. The value of shareholders’ equity is $354.34 million.
Technical Picture
This quick technical analysis looks at Peloton Interactive Inc.’s (PTON) price momentum. With a historical volatility rate of 81.64%, the RSI 9-day stood at 46.17% on 04 August.
With respect to its five-day moving average, the current Peloton Interactive Inc. price is down by -0.46% percent or -$0.04. At present, PTON shares trade +7.43% above its 20-day simple moving average and -23.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately +19.59% above its SMA50 and +11.87% above its SMA200.
Stochastic coefficient K was 41.92% and Stochastic coefficient D was 59.24%, while ATR was 0.65. Given the Stochastic reading of 26.38% for the 14-day period, the RSI (14) reading has been calculated as 48.97%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at -0.09.
Analyst Ratings
Peloton Interactive Inc. downgraded its rating on Peloton Interactive Inc. (NASDAQ: PTON) to an Underperform in a note to investors on June 21, 2023. The analysts firm previously had a Peer perform rating on the stock.Peloton Interactive Inc. (PTON) has been rated Hold by analysts. According to 3 brokerage firms, PTON is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Peloton Interactive Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $4.50 – $20.00. Based on these forecasts, analysts predict Peloton Interactive Inc. (PTON) will achieve an average price target of $11.36.
