Peloton Interactive Inc. (NASDAQ:PTON) saw an upside of 0.14% to close Monday at $7.02 after adding $0.01 on the day. The 5-day average trading volume is 8,256,980 shares of the company’s common stock. It has gained $7.75 in the past week and touched a new high 1 time within the past 5 days. An average of 7,756,465 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,945,676.
PTON’s 1-month performance is -23.03% or -$2.10 on its low of $6.70 reached on 08/18/23. The company’s shares have touched a 52-week low of $6.62 and high of $17.83, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, PTON has lost -11.59% or -$0.92 and has reached a new high 15 times. However, the current price is down -60.63% from the 52-week high price.
Insider Transactions
PTON stock investors last saw insider trading activity on Aug 18.Cotter Jennifer Cunningham (Chief Content Officer) most recently sold 19,462 shares at $6.98 per share on Aug 18. This transaction cost the insider $135,847. Chief Product Officer, Cortese Thomas, sold 14,135 shares at a price of $6.98 on Aug 18. Then, on Aug 18, Chief Supply Chain Officer RENDICH ANDREW S sold 4,234 shares at a price of $6.98 per share. This transaction amounted to $29,543.
Valuation Metrics
PTON stock has a beta of 2.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.86.
Peloton Interactive Inc.’s quick ratio for the period ended March 30 was 1.50, with the current ratio over the same period at 2.20. In terms of profitability, the gross margin trailing 12 months is 24.40%. The firm’s gross profit as reported stood at $698.4 million against revenue of $3.58 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -174.41% to -$275.9 million, while revenue of -$335.4 million was -21.57% off the previous quarter. Analysts expected PTON to announce -$0.46 per share in earnings in its latest quarter, but it posted -$0.79, representing a -71.70% surprise. EBITDA for the quarter stood at more than -$230.5 million. PTON stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 3.14 billion, with total debt at $2.39 billion. Shareholders hold equity totaling $354.34 million.
Let’s look briefly at Peloton Interactive Inc. (PTON) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 29.17% to suggest the stock is trending oversold, with historical volatility in this time period at 41.82%.
The stock’s 5-day moving average is $7.11, reflecting a -9.42% or -$0.73 change from its current price. PTON is currently trading -19.31% above its 20-day SMA, -28.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.60% and SMA200 by-21.48%.
Stochastic %K and %D was 7.59% and 6.32% and the average true range (ATR) pointed at 0.46. The RSI (14) points at 35.44%, while the 14-day stochastic is at 11.59% with the period’s ATR at 0.50. The stock’s 9-day MACD Oscillator is pointing at -0.48 and -0.94 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Peloton Interactive Inc. (NASDAQ: PTON), Wolfe Research downgraded it to an Underperform rating. They previously had a Peer perform rating on the stock. Analysts offering their rating for PTON stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate PTON as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.
What is PTON’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.50 and a high of $20.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for Peloton Interactive Inc. (PTON) stock is $11.36.
