Peloton Interactive Inc. (NASDAQ:PTON) shares, rose in value on Thursday, 05/12/22, with the stock price up by 10.37% to the previous day’s close as strong demand from buyers drove the stock to $13.62.
Actively observing the price movement in the last trading, the stock closed the session at $12.34, falling within a range of $11.8022 and $14.14. The value of beta (5-year monthly) was 0.95. Referring to stock’s 52-week performance, its high was $129.70, and the low was $11.25. On the whole, PTON has fluctuated by -42.56% over the past month.
With the market capitalization of Peloton Interactive Inc. currently standing at about $4.89 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 02, 2022 – Feb 07, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$1.28, which is expected to increase to $0.13 for fiscal year -$2.87 and then to about -$0.84 by fiscal year 2023. Data indicates that the EPS growth is expected to be -856.70% in 2023, while the next year’s EPS growth is forecast to be 70.70%.
Analysts have estimated the company’s revenue for the quarter at $1.16 billion, with a low estimate of $942.37 million and a high estimate of $1.24 billion. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $4.56 billion, representing an increase of 13.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PTON’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
33 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 15 analyst(s), 13 recommend it as a Buy and 3 called the PTON stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight 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 -28.67% and -40.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 28.86, while the 7-day volatility ratio is showing 15.95% which for the 30-day chart, stands at 10.87%. Furthermore, Peloton Interactive Inc. (PTON)’s average true range (ATR) is 1.94. The company’s stock has been forecasted to trade at an average price of $22.76 over the course of the next 52 weeks, with a low of $10.00 and a high of $35.00. Based on these price targets, the low is 26.58% off current price, whereas the price has to move -156.98% to reach the yearly target high. Additionally, analysts’ median price of $24.50 is likely to be welcomed by investors because it represents a decrease of -79.88% from the current levels.
A comparison of Peloton Interactive Inc. (PTON) with its peers suggests the former has fared considerably weaker in the market. PTON showed an intraday change of 10.37% in last session, and over the past year, it shrunk by -85.71%%. In comparison, Apple Inc. (AAPL) has moved lower at -2.69% on the day and was up 14.08% over the past 12 months. On the other hand, the price of NIKE Inc. (NKE) has fallen -0.02% on the day. The stock, however, is off -19.24% from where it was a year ago. Additionally, there is a gain of 0.93% for Lululemon Athletica Inc. (LULU) in last trading while the stock has seen an overall depriciation of -4.52%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.13%. Meanwhile, the Dow Jones Industrial Slipped by -0.33%.
Data on historical trading for Peloton Interactive Inc. (NASDAQ:PTON) indicates that the trading volumes over the past 10 days have averaged 19.24 million and over the past 3 months, they’ve averaged 11.86 million. According to company’s latest data on outstanding shares, there are 317.11 million shares outstanding.
Nearly 0.50% of Peloton Interactive Inc.’s shares belong to company insiders and institutional investors own 90.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25.63 million shares as on Dec 14, 2021, resulting in a short ratio of 1.23. According to the data, the short interest in Peloton Interactive Inc. (PTON) stood at 7.76% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 22.0 million. The stock has fallen by -61.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PTON stock heading into the next quarter.