Peloton Interactive Inc. (NASDAQ:PTON) traded at $11.06 at close of the session on Tuesday, 01/24/23, made a downward move of -5.15% on its previous day’s price.
Looking at the stock we see that its previous close was $11.66 and the beta (5Y monthly) reads 1.50 with the day’s price range being $10.87 – $11.45. In terms of its 52-week price range, PTON has a high of $40.35 and a low of $6.66. The company’s stock has gained about 11.94% over that past 30 days.
Peloton Interactive Inc. has a market cap of $3.55 billion and is expected to release its quarterly earnings report on Feb 06, 2023 – Feb 10, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.65, with the EPS growth for the year raised at -$2.07 for 2023 and -$1 for next year. These figures represent 73.10% and 51.70% 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 $650.08 million, with a low of $625.08 million and a high of $902.3 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $3.06 billion, or -14.70% down from figures reported last year.
There have been no 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 Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of Hold.
Based on estimates by 31 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 16 have rated the Peloton Interactive Inc. (PTON) stock as a Hold, while 11 rate it as a Buy. 2 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 14.33% off its SMA20 and 5.61% from its 50-day simple moving average. The RSI (14) is pointing at 55.08 while the volatility over the past week is 7.38% and jumps to 7.44% over the past one month. The beta value is 1.79, while the average true range (ATR) is currently pointing at 0.80. The average price target for the stock over the next 12 months is $12.48, with the estimates having a low of $4.50 and a high of $20.00. These price ends are 59.31% and -80.83% off the current price level respectively, although investors could be excited at the prospect of a -13.02% if the PTON share price touches on the median price of $12.50.
Let’s briefly compare Peloton Interactive Inc. (PTON) stock to its peers. We find that current price change of -5.15% and -59.13% over the past 12 months for PTON competes that of Apple Inc. (AAPL), which has seen its stock price rise 1.01% in the last trading session and was -12.24% over the last one year. Another of its peers NIKE Inc. (NKE) has dropped -1.14% previous session, and was -11.28% down over the past year, while Lululemon Athletica Inc. (LULU) was also down -1.54% in the last session, while its price remained in the red at -0.58% over the same period.. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.07% and 0.31%, respectively, at close of the trading.
Coming back to Peloton Interactive Inc. (NASDAQ:PTON), we note that the average 3-month trading volume was 12.46 million, while that of the preceding 10-day period stands at 11.8 million. Current shares outstanding are 339.01 million.
The insiders hold 0.92% of the company’s shares while institutions hold 86.60%. The data shows that short shares as of Oct 13, 2022, stood at 41.93 million at a short ratio of 2.78. This represents a 12.39% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 34.46 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 39.29% up in year-to-date price movement.