Peloton Interactive Inc (NASDAQ:PTON) price is hovering lower on current market day and dropping -5.85% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $10.34, with intraday deals fluctuating between $9.6 and $10.32. The company’s 5Y monthly beta was ticking 1.927. Taking into account the 52-week price action we note that the stock hit a 52-week high of $10.39 and 52-week low of $2.70. The stock added 14.53% on its value in the past month.
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Peloton Interactive Inc, which has a market valuation of $3.95 billion, is expected to release its quarterly earnings report in January.
On average, analysts have forecast the company’s revenue for the quarter will hit 650.54M, with the likely lows of 640.63M and highs of 660.4M. The average estimate suggests sales growth for the quarter will likely fall by -12.51% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 2.47B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -8.51% below that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give PTON a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 21 analysts have assigned PTON a recommendation rating as follows: 7 rate it as a Hold; 13 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Peloton Interactive Inc (PTON) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that PTON’s price is at present 12.88% off the SMA20 and 44.88% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 66.78, with weekly volatility standing at 6.03%. The indicator jumps to 8.29% when calculated based on the past 30 days. Peloton Interactive Inc (NASDAQ:PTON)’s beta value is holding at 1.90, while the average true range (ATR) indicator is currently reading 0.62. Considering analysts have assigned the stock a price target range of $2.5-$170 as the low and high respectively, we find the trailing 12-month average consensus price target to be $10. Based on this estimate, we see that today’s price at last check is roughly 74.31% off the estimated low and -1647.17% off the forecast high. Investors will no doubt be excited to see the share price fall to $10, which is the median consensus price, and at that level PTON would be -2.77% from recent price.
An analysis of the Peloton Interactive Inc (NASDAQ:PTON) stock in terms of its daily trading volume indicates that the 3-month average is 16.96 million. However, this figure increases on the past 10-day timeline to an average of 14.86 million.
Current records show that the company has 363.14M in outstanding shares. The insiders’ percentage holdings are 10.81% of outstanding shares while the percentage share held by institutions stands at 78.26%. The stats also highlight that short interest as of 2024-11-15, stood at 59.95 million shares, which puts the short ratio at the time at 2.43. From this we can glean that short interest is 1884.00 of company’s current outstanding shares. Notably, we see that shares short in November rose slightly given the previous month’s figure stood at 59.51 million. But the 59.85% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
