Peloton Interactive Inc (NASDAQ:PTON) finished Thursday with an addition of $0.25 to close at $4.90, an upside of 5.38 percent. An average of 20,729,119 shares of common stock have been traded in the last five days. There was a gain of $0.43 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 12,603,450 shares traded, while the 50-day average volume stands at 11,513,388.
PTON stock has decreased by -19.41% in the last month. The company shares reached their 1-month lowest point of $4.30 on 09/25/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $4.30 and a high of $17.83 in 52 weeks. It has reached a new high 15 times so far this year and lost -38.29% or -$3.04 in price. In spite of this, the price is down -72.52% 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 15 days ago on Sep 14. In this transaction, the insider spent $52,323. Chief Content Officer, Cotter Jennifer Cunningham, disposed of 19,462 shares at a price of $6.98 on Aug 18. The insider now owns more than $135,847 worth of shares. Prior to that, Chief Product Officer Cortese Thomas went on to Sale 14,135 shares at $6.98 each on Aug 18. An amount of $98,651 was transacted.
Valuation Metrics
Peloton Interactive Inc (PTON) stock’s beta is 2.05. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.62.
Financial Health
The quick ratio of Peloton Interactive Inc for the three months ended June 30 was 1.47, and the current ratio was 2.15, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $923.5 million compared to revenue of $2.8 billion.
Earnings Surprise
For the three-month period that ended June 30, Peloton Interactive Inc had $690.9 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 -$241.9 million in the quarter, while revenues of -$275.9 million were shrunk -418.89%. 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 28 September was 43.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 67.22%.
As of today, PTON’s price is $4.61 +9.62% or $0.43 from its 5-day moving average. PTON is currently trading -21.47% lower than its 20-day SMA and -37.26% lower than its 100-day SMA. However, the stock’s current price level is -49.90% below the SMA50 and -57.43% below the SMA200.
The stochastic %K and %D were 28.65% and 17.56%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 44.57% and the average true range at 0.38, the RSI (14) stands at 38.08%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.
Analyst Ratings
UBS reiterated its a Sell rating on Peloton Interactive Inc (NASDAQ: PTON), but raised their price target to $8, indicating a potential price increase of 38.75% for the stock. The consensus rating for Peloton Interactive Inc (PTON) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell PTON, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 6 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 $4.00 and $13.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for Peloton Interactive Inc (PTON) stock is $7.95.
