Should You Sell Peloton Interactive Inc (PTON) And Go Away This Year?

Peloton Interactive Inc (NASDAQ:PTON) currently has a daily average trading volume of 16.42M but it saw 10588761 shares traded in last market. With a market cap of 1.23B USD, the company’s current market price of $3.32 came falling about -6.74 while comparing to the previous closing price of $3.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.72 and as low as $2.70.

Taking a look at 20-day trading activity of Peloton Interactive Inc (PTON) gives us an average price of $3.60, while its current price level is -65.83% below from 52-week high level whereas it is 22.96% 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 $3.55 while that of 200 days or SMA-200 reads an average of $4.48. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.95% during that period while stretching the period over a month that increases to 6.10%. 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 40.62 which implies that the stock is in neutral territory.

Citigroup downgraded its recommendation for the stock as a “Neutral” from “Buy” on May 06, 2024 while assigning a price target range of $8-$4. Bernstein issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $8 and $3.80.

Over the week, PTON’s stock price is moving -3.77% down while it is -2.06% when we observe its performance for the past one month. Year-to-date it is -45.48% down and over the past year, the stock is showing a downside performance of -65.45%.

Currently, Peloton Interactive Inc’s total number of outstanding shares is 338.75M. Company’s return on investment (ROI) stands at -46.64% and return on equity (ROE) at -847.28%. Stock’s beta reads 2.02. Stock has a price to sale or P/S ratio amounts to 0.46. Its return on asset (ROA) is -28.14% on average.