Peloton Interactive, Inc. (NASDAQ:PTON) traded at $85.87 at last check on Tuesday, Sep 15, making an upward move of 4.71% on its previous day’s price.
Looking at the stock we see that its previous close was $82.01 and the beta (5Y monthly) reads 0 with the day’s price range being $82.50 – 86.88. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, PTON has a high of $98.61 and a low of $17.7. The company’s stock has gained about 24.81% over that past 30 days.
Peloton has a market cap of $24.25 Billion and is expected to release its quarterly earnings report on Dec 10, 2020- Dec 20, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the PTON stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.07, with the EPS growth for the year raised at $0.04 for 2020 and $0.29 for next year. These figures represent -1.13% and at 6.25% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $711.02 Million, with a low of $420.2 Million and a high of $828.63 Million. The median projection represents growth adding up to 261.2% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $3.49 Billion, or +91.2% up from figures reported last year.
There have been 11 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PTON stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 26 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Peloton Interactive, Inc. (PTON) stock as a Hold, while 20 rate it as a Buy. 3 analysts rate it as outperform while none of them rated it as underperform, whereas 1 suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the PTON stock currently stands at 0, and the current price level is 12.07% off its SMA20 and 23.42% from its 50-day simple moving average. The RSI (14) is pointing at 61.08 while the volatility over the past week is 1202% and drops to 7.69% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 6.68. The average price target for the stock over the next 12 months is $111.13, with the estimates having a low of $33 and a high of $138. These price ends are -61.57% and +60.71% off the current price level respectively, although investors could be excited at the prospect of a +39.75% if the PTON share price touches on the median price of $120.
Let’s briefly compare Peloton (PTON) stock to its peers. We find that today’s price change of +4.71% and 0% over the past 12 months for PTON competes that of Pool Corp (POOL), which has seen its stock price rise 0.28% in the latest trading session and is +62.31% over the last one year. Another of its peers Brunswick Corp (BC) has dropped -0.87% today, and is +17.31% up over the past year, while Yeti Holdings Inc (YETI) is also up 4.71% yet its price remains in the red at 0% over the same period. Pool has a P/E ratio of 43.99 compared to Peloton’s 0 and Brunswick’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.93% and 0.43%, respectively, in early deals.
Coming back to Peloton Interactive, Inc. (NASDAQ:PTON), we note that the average 3-month trading volume was 11.62 Million, while that of the preceding 10-day period stands at 51.79 Million. Current shares outstanding are 237.52 Million.
According to data from Thomson Reuters, insiders hold 0.07% of the company’s shares while institutions hold 39.07%. The data shows that short shares as of August 30, 2020, stood at 7.41 Million at a short ratio of 1.14. This represents a 2.62% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 8.06 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +188.77% up in year-to-date price movement.