Peloton Interactive Inc (NASDAQ:PTON) price on Wednesday, February 05, rose 3.69% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.58.
A look at the stock’s price movement, the close in the last trading session was $7.31, moving within a range at $7.3101 and $7.71. The beta value (5-Year monthly) was 1.927. Turning to its 52-week performance, $10.90 and $2.70 were the 52-week high and 52-week low respectively. Overall, PTON moved -16.43% over the past month.
Peloton Interactive Inc’s market cap currently stands at around $2.89 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 653.28M for the company’s revenue for the quarter, with a low and high estimate of 640.63M and 694.68M respectively. The average forecast suggests down to a -12.15% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.47B, representing a -8.52% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PTON is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
21 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 13 recommend PTON as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PTON’s current price about -8.63% and -16.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.17, while 7-day volatility ratio is 5.35% and 5.95% in the 30-day chart. Further, Peloton Interactive Inc (PTON) has a beta value of 1.95, and an average true range (ATR) of 0.52. Analysts have given the company’s stock an average 52-week price target of $4.825, forecast between a low of $3.25 and high of $10. Looking at the price targets, the low is 57.12% off current price level while to achieve the yearly target high, price needs to move -31.93%. Nonetheless, investors will most likely welcome a 36.35% jump to $4.825 which is the analysts’ median price.
If we refocus on Peloton Interactive Inc (NASDAQ:PTON), historical trading data shows that trading volumes averaged 9.88 over the past 10 days and 13.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 363.14 million shares.
The 10.84% of Peloton Interactive Inc’s shares are in the hands of company insiders while institutional holders own 85.42% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 57.38 million on 2025-01-15, giving us a short ratio of 5.02. The data shows that as of 2025-01-15 short interest in Peloton Interactive Inc (PTON) stood at 1803.0001000000002 of shares outstanding, with shares short falling to 60.86 million registered in 2024-12-13. Current price change has pushed the stock -12.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PTON stock continues to rise going into the next quarter.
