The stock of Peloton Interactive Inc. (NASDAQ:PTON) increased by $0.03 on Monday to finish at $5.86, up 0.51 percent. The last five days have seen an average of 25,645,061 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$2.08. The average number of shares traded over the last 20 days was 12,070,655, while the average volume over the last 50 days totaled 10,639,390.
PTON stock dropped -32.72% since last month. On 08/23/23, the company’s shares reached a one-month low of $5.05. The stock touched a high of $17.83 on 02/03/23, after rallying from a low of $5.05 in 52 weeks. The price of PTON stock has declined by -26.20% or -$2.08 this year, reaching a new high 15 times. Still, the stock price is down -67.13% 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 11 days ago on Aug 18. On Aug 18, Chief Content Officer Cotter Jennifer Cunningham sold 19,462 shares at $6.98 each. This transaction resulted in the insider making $135,847. On Aug 18, Cortese Thomas sold 14,135 shares at a price of US$6.98. After the transaction, the insider now owns 14,251 shares. Chief Supply Chain Officer RENDICH ANDREW S had earlier sold 4,234 shares on Aug 18 for $6.98 a share. The transaction was completed for $29,543.
Financial Health
For the three months ended June 29, 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 33.00% percent. Peloton Interactive Inc.’s operating margin stood at -42.80% for the same period. Based on annual data, it had gross profit of $923.5 million and revenue of $2.8 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 -39.80%. There was a -86.30% return on investment (ROI) in the past year.
Earnings Surprise
According to Peloton Interactive Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $641.5 million, while revenues fell by -5.81% to $748.9 million. It was predicted that Peloton Interactive Inc.’s quarterly earnings would be -$0.68, but it ended up being -$0.38, beating the consensus by -78.90%. EBITDA was -$191.1 million for the quarter. At the end of Peloton Interactive Inc.’s most recent quarter ended June 29, its liabilities totaled 3.06 billion, while its total debt was $2.36 billion. Equity owned by shareholders amounts to $357.01 million.
Technical Picture
Here’s a quick look at Peloton Interactive Inc.’s (PTON) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 27.33%, suggesting the stock is oversold, with a 134.20% historical volatility rate.
The stochastic %K and %D were 19.30% and 14.67% respectively, while the average true range (ATR) was 0.56. Based on the 14-day stochastic reading of 23.08%, the RSI (14) reading is 31.12%. On the 9-day MACD Oscillator, the stock is at -0.68, and the 14-day reading is at -1.18.
Analyst Ratings
In a note to investors, Telsey Advisory Group maintained its a Market perform rating on Peloton Interactive Inc. (NASDAQ: PTON). However, the firm raised their price target to $6, indicating a possible increase of 41.4% in the stock price. Analysts have assigned Peloton Interactive Inc. (PTON) an Hold rating. PTON is a stock that is recommended for selling by 1 brokerage firm, while 15 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 6 others recommend it as a buy.
What is PTON’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.50 and $13.00, with a median target price of $7.75. In analyzing these forecasts, the average price target given by analysts for Peloton Interactive Inc. (PTON) is $8.33.
