As of Wednesday close, Peloton Interactive Inc.’s (NASDAQ:PTON) stock was down -$0.13, moving down -2.71 percent to $4.67. The average number of shares traded per day over the past five days has been 10,381,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.50 fall in that time frame. In the last twenty days, the average volume was 13,363,990, while in the previous 50 days, it was 10,425,120.
Since last month, PTON stock retreated -33.48%. Shares of the company fell to $4.57 on 09/19/23, 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 $4.57. Since the beginning of this year, PTON’s stock price has dropped by -41.18% or -$3.27, and marked a new high 15 times. However, the stock has declined by -73.81% since its 52-week high.
PTON stock investors should be aware that Peloton Interactive Inc. (PTON) stock had its last reported insider trading activity 7 days ago on Sep 14. Coddington Elizabeth F, the Chief Financial Officer of the company, disposed of 10,215 shares for $5.12 on Sep 14. It resulted in a $52,323 divestment by the insider. Cotter Jennifer Cunningham sold 19,462 shares at an average price of $6.98 on Aug 18. The insider now owns 44,868 shares following the transaction. On Aug 18, Chief Product Officer Cortese Thomas sold 14,135 shares at $6.98 apiece. The transaction was valued at $98,651.
Financial Health
In the three months ended June 29, 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 33.00% percent. In the year ended June 29, operating margins totaled -42.80%. Based on annual data, PTON earned $923.5 million in gross profit and brought in $2.8 billion in revenue.
In Peloton Interactive Inc.’s quarter-end financial report for June 29, it reported total debt of $690.9 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 -5.81% to $748.9 million during the quarter, while net income inched up to $641.5 million. While analysts expected Peloton Interactive Inc. to report -$0.38 quarterly earnings, the actual figure was -$0.68 per share, beating the consensus estimate by -78.90%. During the quarter, the company generated -$191.1 million in EBITDA. The liabilities of Peloton Interactive Inc. were 3.06 billion at the end of its most recent quarter ended June 29, and its total debt was $2.36 billion. The value of shareholders’ equity is $357.01 million.
Technical Picture
This quick technical analysis looks at Peloton Interactive Inc.’s (PTON) price momentum. With a historical volatility rate of 52.37%, the RSI 9-day stood at 24.10% on 20 September.
With respect to its five-day moving average, the current Peloton Interactive Inc. price is down by -9.67% percent or -$0.50. At present, PTON shares trade -33.19% below its 20-day simple moving average and -46.69% percent below its 100-day simple moving average. However, the stock is currently trading approximately -48.74% below its SMA50 and -60.32% below its SMA200.
Stochastic coefficient K was 5.31% and Stochastic coefficient D was 4.65%, while ATR was 0.36. Given the Stochastic reading of 4.45% for the 14-day period, the RSI (14) reading has been calculated as 27.71%. As of today, the MACD Oscillator reading stands at -0.37, while the 14-day reading stands at -0.81.
Analyst Ratings
Peloton Interactive Inc. downgraded its rating on Peloton Interactive Inc. (NASDAQ: PTON) to a Neutral in a note to investors on August 30, 2023. The analysts firm previously had an Outperform rating on the stock.Peloton Interactive Inc. (PTON) has been rated Hold by analysts. According to 2 brokerage firms, PTON is a sell, and 17 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 6 recommending it as overweight.
With a median target price of $7.00, the current consensus forecast for the stock is $4.00 – $13.00. Based on these forecasts, analysts predict Peloton Interactive Inc. (PTON) will achieve an average price target of $8.14.
