Peloton Interactive Inc (NASDAQ:PTON) does about 15.13M shares in volume on a normal day but saw 29828658 shares change hands in the recent trading day. The company now has a market cap of 2.20B USD. Its current market price is $5.84, marking an increase of 10.82% compared to the previous close of $5.27. The 52 week high reached by this stock is $7.24 whilst the lowest price level in 52 weeks is $2.70. The script in recent trading has seen the stock touch a high of $170 and a low of $2.5.
Peloton Interactive Inc (PTON) has a 20-day trading average at $4.90 and the current price is -19.34% off the 52-week high compared with 116.30% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.46 and its 200-day simple moving average is $4.18. If we look at the stock’s price movements over the week, volatility stands at 9.46%, which decreases to 7.16% 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 70.68 to suggest the stock is overbought.
21 analysts observing the Peloton Interactive Inc (PTON) stock have set the 12-month price targets for the company’s shares at between $2.5 and $170. The consensus objective for the share price is $4.49, suggesting that the stock has a potential downside of -30.07% over the period. The median price target is 46.91% away from the current levels at $11.
FactSet Research has provided data showing that 21 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 13 analysts have rated it as a buy and 7 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 23, 2024 when Telsey Advisory Group reiterated the stock to “Market Perform” and issued a price target of between $4 and $5. JP Morgan downgraded the stock to “Neutral” from Overweight on August 23, 2024 at a price target of $7-$5.
The current price level is 19.09%, 30.94%, and 39.71% away from its SMA20, SMA50, and SMA200 respectively, with the PTON price moving below the 50-day SMA on current market day. Peloton Interactive Inc (PTON) stock is up 18.94% over the week and 22.95% over the past month. Its price is -4.11% year-to-date and 21.67% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of -0.44 below consensus estimates by -0.09. The company’s next earnings report forecasts estimating quarterly EPS at -0.17 and -0.58 for whole year. Expected sales for next quarter are $671.35M, which analysts say will come at $2.47B for the current fiscal year and next year at $2.49B. In addition, estimates put the company’s current quarterly revenue at an average of $574.84M.
Its 12-month price target is $11. To reach the target analysts have set, the stock logically needs to shrink -30.07 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 $2.5, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $170.
Outstanding shares total 358.12M with insiders holding 0.57% of the shares and institutional holders owning 92.76% of the company’s common stock. The company has a return on investment of -37.44%. The beta has a value of 2.04. Price to sales ratio is 0.81.
