Peloton Interactive Inc. (NASDAQ:PTON) finished Thursday with an addition of $0.1 to close at $5.51, an upside of 1.94 percent. An average of 24,277,961 shares of common stock have been traded in the last five days. There was a fall of -$1.39 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 11,954,235 shares traded, while the 50-day average volume stands at 10,694,030.
PTON stock has decreased by -37.04% in the last month. The company shares reached their 1-month lowest point of $5.05 on 08/23/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $5.05 and a high of $17.83 in 52 weeks. It has reached a new high 15 times so far this year and lost -30.54% or -$2.43 in price. In spite of this, the price is down -69.07% 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 7 days ago on Aug 18. In this transaction, the insider spent $135,847. Chief Product Officer, Cortese Thomas, disposed of 14,135 shares at a price of $6.98 on Aug 18. The insider now owns more than $98,651 worth of shares. Prior to that, Chief Supply Chain Officer RENDICH ANDREW S went on to Sale 4,234 shares at $6.98 each on Aug 18. An amount of $29,543 was transacted.
Valuation Metrics
Peloton Interactive Inc. (PTON) stock’s beta is 2.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.68.
Financial Health
The quick ratio of Peloton Interactive Inc. for the three months ended June 29 was 1.50, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Peloton Interactive Inc.’s EBITDA margin for the year ending June 29 is -35.85%, while its operating margin for the same period stands at -77.00%. Its gross profit as reported stood at $923.5 million compared to revenue of $2.8 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 -65.30%.
Earnings Surprise
For the three-month period that ended June 29, Peloton Interactive Inc. had $690.6 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 -$275.9 million in the quarter, while revenues of -$335.4 million were shrunk -174.41%. The analyst consensus anticipated Peloton Interactive Inc.’s latest quarter earnings to come in at -$0.38 per share, but it turned out to be -$0.68, a -78.90% surprise. For the quarter, EBITDA amounted to -$191.1 million. Shareholders own equity worth $357.01 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 24 August was 18.15%, suggesting the stock is oversold, with historical volatility in this time frame at 126.92%.
As of today, PTON’s price is $6.39 -20.07% or -$1.39 from its 5-day moving average. PTON is currently trading -33.63% lower than its 20-day SMA and -51.37% lower than its 100-day SMA. However, the stock’s current price level is -41.64% below the SMA50 and -41.27% below the SMA200.
The stochastic %K and %D were 10.40% and 10.44%, respectively, and the average true range (ATR) was 0.61. With the 14-day stochastic at 12.60% and the average true range at 0.60, the RSI (14) stands at 25.67%. The stock has reached -0.83 on the 9-day MACD Oscillator while the 14-day reading was at -1.32.
Analyst Ratings
Telsey Advisory Group reiterated its a Market perform rating on Peloton Interactive Inc. (NASDAQ: PTON), but raised their price target to $10, indicating a potential price increase of 44.9% for the stock. The consensus rating for Peloton Interactive Inc. (PTON) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell PTON, while 15 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 5 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 $4.50 and $13.00, with a median target of $7.75. Taking a look at these predictions, the average price target given by analysts for Peloton Interactive Inc. (PTON) stock is $8.06.
