The stock of Peloton Interactive Inc. (NASDAQ:PTON) increased by $0.19 on Monday to finish at $7.75, up 2.51 percent. The last five days have seen an average of 7,778,920 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$0.19. The average number of shares traded over the last 20 days was 7,693,680, while the average volume over the last 50 days totaled 9,906,454.
PTON stock dropped -10.82% since last month. On 08/14/23, the company’s shares reached a one-month low of $7.35. The stock touched a high of $17.83 on 02/03/23, after rallying from a low of $6.62 in 52 weeks. The price of PTON stock has declined by -2.39% or -$0.19 this year, reaching a new high 15 times. Still, the stock price is down -56.53% from the 52-week high.
Insider Transactions
PTON stock investors should be aware that Peloton Interactive Inc. (PTON) stock had its last reported insider trading activity 29 days ago on Jul 17. On Jul 17, Chief Financial Officer Coddington Elizabeth F sold 10,418 shares at $8.92 each. This transaction resulted in the insider making $92,895. On Jun 15, Coddington Elizabeth F sold 10,418 shares at a price of US$8.98. After the transaction, the insider now owns 41,673 shares. Chief Financial Officer Coddington Elizabeth F had earlier sold 35,186 shares on Jun 14 for $9.47 a share. The transaction was completed for $333,278.
Financial Health
For the three months ended March 30, Peloton Interactive Inc.’s quick ratio was 1.50, while its current ratio was 2.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 24.40% percent. Peloton Interactive Inc.’s EBITDA margin for the year ended March 30 was -35.85%, whereas its operating margin stood at -77.00% for the same period. Based on annual data, it had gross profit of $698.4 million and revenue of $3.58 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PTON’s return on assets (ROA) during the last 12 months has been -65.30%. There was a -127.80% return on investment (ROI) in the past year.
Earnings Surprise
According to Peloton Interactive Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $748.9 million, while revenues fell by -28.76% to $792.6 million. It was predicted that Peloton Interactive Inc.’s quarterly earnings would be -$0.79, but it ended up being -$0.46, beating the consensus by -71.70%. EBITDA was -$230.5 million for the quarter. At the end of Peloton Interactive Inc.’s most recent quarter ended March 30, its liabilities totaled 3.14 billion, while its total debt was $2.39 billion. Equity owned by shareholders amounts to $354.34 million.
Technical Picture
Here’s a quick look at Peloton Interactive Inc.’s (PTON) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 35.59%, suggesting the stock is Neutral, with a 41.58% historical volatility rate.
The stochastic %K and %D were 6.65% and 5.76% respectively, while the average true range (ATR) was 0.55. Based on the 14-day stochastic reading of 15.87%, the RSI (14) reading is 40.88%. On the 9-day MACD Oscillator, the stock is at -0.58, and the 14-day reading is at -0.81.
Analyst Ratings
Peloton Interactive Inc. (NASDAQ: PTON) was downgraded by Wolfe Research to a an Underperform rating in its latest research report. The stock was previously rated as a a Peer perform.
