Peloton Interactive Inc. (NASDAQ:PTON) does about 7.36M shares in volume on a normal day but saw 15325479 shares change hands in Friday trading. The company now has a market cap of 19.91B USD and an enterprise value of about $18.98B. Its current market price is $75.96, marking an increase of 8.05% compared to the previous close of $70.30. The 52 week high reached by this stock is $73.21 whilst the lowest price level in 52 weeks is $17.70. The script in recent trading has seen the stock touch a high of $77.455 and a low of $72.25.
Peloton Interactive Inc. (PTON) has a 20-day trading average at $68.30 and the current price is 3.76% off the 52-week high compared with 329.15% distance from its 52-week low. The 50-day simple moving average of the closing price is $63.99 and its 200-day simple moving average is $40.48. If we look at the stock’s price movements over the week, volatility stands at 5.17%, which decreases to 4.85% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 66.30 to suggest the stock is neutral.
26 analysts observing the Peloton Interactive Inc. (PTON) stock have set the 12-month price targets for the company’s shares at between $26.00 and $96.00. The consensus objective for the share price is $63.83, suggesting that the stock has a potential downside of -19.0% over the period. The median price target is -15.97% away from the current levels at $65.50.
FactSet Research has provided data showing that 26 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 3 advise that it is a overweight. 20 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 27, 2020 when Goldman reiterated the stock to “Buy” and issued a price target of between $84 and $96. KeyBanc Capital Markets reiterated its price target at $70-$74.
The current price level is 11.85%, 19.64%, and 88.83% away from its SMA20, SMA50, and SMA200 respectively, with the PTON price moving above the 50-day SMA on August 28. Peloton Interactive Inc. (PTON) stock is up 9.53% over the week and 16.36% over the past month. Its price is 167.46% year-to-date.
The stock last released its quarterly earnings report for quarter ended 3/30/2020, with the company’s earnings per share (EPS) of -$0.2 below consensus estimates by -$0.02. The company’s next earnings report is expected on 09/10/2020, with forecasts estimating quarterly EPS at $0.09 and -$0.66 for whole year. Expected sales for next quarter are $468.34 million, which analysts say will come at $1.79 billion for the current fiscal year and next year at $2.66 billion. In addition, estimates put the company’s current quarterly revenue at an average of $574.58 million.
Its 12-month price target is $65.50. To reach the target analysts have set, the stock logically needs to shrink -19.0 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $26.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $96.00.
Outstanding shares total 280.88M with insiders holding 0.07% of the shares and institutional holders owning 39.07% of the company’s common stock. The company has a return on investment of 37.60%. Price to book ratio is 14.07 and price to sales ratio is 13.81.
According to a U.S. Securities and Exchange Commission filing, American Funds Growth Fund of Ame has added its position in Peloton Interactive Inc. (PTON) to 13,980,700 shares, mirroring a recent increase by 44.05%. American Funds Growth Fund of Ame added 4.28 million shares of Peloton Interactive Inc. common stock bringing its total worth to about $953.76 million at the end of recent close, SEC documents show. American Funds Growth Fund of Ame isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 15388.0 shares to end up with 5,566,247 shares worth $379.73 million. Vanguard Small Cap Index Fund cut their holdings by -0.77% in the company over the course of the most recent quarter. It now holds a 2.36% position in Peloton Interactive Inc. thanks to 4.86 million shares amounting to $331.78 million.