Peloton Interactive, Inc. (NASDAQ:PTON) shares, dropped in value on Wednesday, Apr 07, with the stock price down by -0.16% to the previous day’s close as weak demand from buyers trailed the stock to $115.2.
Actively observing the price movement in the last trading, the stock closed the session at $115.38, falling within a range of $111.62 and $116.20. The value of beta (5-year monthly) was 0 whereas the PE ratio was 229.94 over 12-month period. Referring to stock’s 52-week performance, its high was $171.09, and the low was $26.06. On the whole, PTON has fluctuated by 13.67% over the past month.
With the market capitalization of Peloton Interactive, Inc. currently standing at about $34.03 Billion, investors are eagerly awaiting this quarter’s results, scheduled for May 04, 2021- May 10, 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.12, which is expected to increase to -$0.32 for fiscal year 2021 and then to about $0.71 by fiscal year 2022. Data indicates that the EPS growth is expected to be -1.97% in 2021, while the next year’s EPS growth is forecast to be 1.29%.
We see that PTON’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a Hold.
28 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 3 analyst(s), 21 recommend it as a Buy and 2 called the PTON stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and 2 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PTON currently trading nearly 5.13% and -7.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.4, while the 7-day volatility ratio is showing 5.95% which for the 30-day chart, stands at 6.15%. Furthermore, Peloton Interactive, Inc. (PTON)’s beta value is 0, and its average true range (ATR) is 7.51. The company’s stock has been forecasted to trade at an average price of $163 over the course of the next 52 weeks, with a low of $45 and a high of $200. Based on these price targets, the low is -60.94 off current price, whereas the price has to move +73.61% to reach the yearly target high. Additionally, analysts’ median price of $175 is likely to be welcomed by investors because it represents an increase of +51.91% from the current levels.
A comparison of Peloton Interactive, Inc. (PTON) with its peers suggests the former has fared considerably better in the market. PTON showed an intraday change of -0.16% in last session, and over the past year, it grew by +306.06%. In comparison, Pool Corp (POOL) has moved lower at -0.3% on the day and was up +81.98% over the past 12 months. On the other hand, the price of Brunswick Corp (BC) has risen 0.21% on the day. The stock, however, is off 231.8% from where it was a year ago. Additionally, there is a decline of -16% for Yeti Holdings Inc (YETI) in last trading while the stock has seen an overall apprecation of 306.06% over the past year. The PE ratio stands at 229.94 for Peloton Interactive, Inc., compared to 39.69 for Pool Corp, and 20.71 for Brunswick Corp. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.
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Data on historical trading for Peloton Interactive, Inc. (NASDAQ:PTON) indicates that the trading volumes over the past 10 days have averaged 5.82 Million and over the past 3 months, they’ve averaged 7.89 Million. According to company’s latest data on outstanding shares, there are 263.64 Million shares outstanding.
Nearly 2.19% of Peloton Interactive, Inc.’s shares belong to company insiders and institutional investors own 77.55% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 16.72 Million shares as on March 14, 2021, resulting in a short ratio of 1.88. According to the data, the short interest in Peloton Interactive, Inc. (PTON) stood at 5.68% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 15.13 Million. The stock has fallen by -24.07% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the PTON stock heading into the next quarter.