Peloton Interactive Inc. (NASDAQ:PTON) currently has a daily average trading volume of 7.72M but it saw 7873988 shares traded on Tuesday. With a market cap of 20.20B USD, the company’s enterprise value now stands nearly at $17.68B. Stock’s current market price of $69.82 came rising about 6.99 while comparing to the previous closing price of $65.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $73.21 and as low as $17.70. In the recent trading on the day, stock has struck highest price mark of $70.78 while lowest mark touched by it was $65.56.
Taking a look at 20-day trading activity of Peloton Interactive Inc. (PTON) gives us an average price of $66.49, while its current price level is -4.63% below from 52-week high level whereas it is 294.46% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $60.69 while that of 200 days or SMA-200 reads an average of $38.67. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.29% during that period while stretching the period over a month that decreases to 4.94%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.89 which implies that the stock is in neutral territory.
Peloton Interactive Inc. (PTON)’s stock is currently under the radar of 26 analysts who are in consensus at a 12-month price target range of between $26.00 and $84.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $26.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $84.00. Average price target assigned by them is $64.08 which highlights a downside potential of -8.96% for the stock over that period. And to attain the median price target of $65.50 assigned by those analysts, stock has to subtract about -6.6% of value to its current levels.
Data by FactSet Research shows that 26 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 3 are advising it as an Overweight. 20 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Telsey Advisory Group which reiterated the stock as “Outperform” in its note to investors issued on July 31, 2020, recommending a price target of between $53 and $82 for it. Wedbush also issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $63 and $66.
Over the week, PTON’s stock price is moving 7.48% up while it is 7.90% when we observe its performance for the past one month. Year-to-date it is 145.85% up and over the past year.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2020, when its quarterly earnings per share (EPS) of -$0.2 beaten by the consensus estimate of -$0.18 for the same. The company is expected to be releasing its next quarterly report in 09/10/2020, for which analysts forecasted an EPS of $0.09 while estimate for next year EPS is -$0.66. In next quarter, company is expected to be making quarterly sales of $465.8 million as analysts are expecting the sales for current fiscal year at $1.79 billion and seeing the company making $2.66 billion in sales next year. Moreover, analysts are in estimates of $574.58 million for current-quarter revenue.
Currently, Peloton Interactive Inc.’s total number of outstanding shares is 280.88M with 0.07% of that held by the insiders while 39.07% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 37.60%. Stock has a price to book (P/B) ratio of 12.93 while price to sale or P/S ratio amounts to 14.00.
A filing at the U.S. Securities and Exchange Commission revealed that American Funds Growth Fund of Ame came shrinking its share ownership by 44.05% in the Peloton Interactive Inc. (PTON) increasing its stake to 6.79% with control over 4.28 million shares in the company. As per SEC documents, American Funds Growth Fund of Ame sought 13,980,700 of company’s common stock of worth $953.76 million as per recent closing price of the stock. American Funds Growth Fund of Ame is not the only institutional holder which restructured its stake in Peloton Interactive Inc., as Vanguard Total Stock Market Index picked 5,581,635 shares of worth $380.78 million to bring its holdings to a total of 4.45 million shares. In the most recent quarter, Vanguard Small Cap Index Fund came rising its stake by 380.72% in the company and now holds 4.9 million or 2.38% of the company’s stake having worth of about 334.37 million.