Peloton Interactive Inc (NASDAQ:PTON) price on current trading day, fall -6.75% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.88.
A look at the stock’s price movement, the close in the last trading session was $8.45. Turning to its 52-week performance, $10.90 and $2.70 were the 52-week high and 52-week low respectively. Overall, PTON moved -4.14% over the past month.
Peloton Interactive Inc’s market cap currently stands at around $3.07 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 620.39M for the company’s revenue for the quarter, with a low and high estimate of 613.2M and 628.27M respectively. The average forecast suggests down to a -13.56% 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 2.46B, representing a -8.78% 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 50% 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 -8.09% and -10.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.79, while 7-day volatility ratio is 8.31% and 7.69% in the 30-day chart. Further, Peloton Interactive Inc (PTON) has a beta value of 1.93, and an average true range (ATR) of 0.69. Analysts have given the company’s stock an average 52-week price target of $6.2, forecast between a low of $4.75 and high of $10. Looking at the price targets, the low is 39.72% off current price level while to achieve the yearly target high, price needs to move -26.9%. Nonetheless, investors will most likely welcome a 21.32% jump to $6.2 which is the analysts’ median price.
If we refocus on Peloton Interactive Inc (NASDAQ:PTON), historical trading data shows that trading volumes averaged 13.72 million over the past 3 months. The company’s latest data on shares outstanding shows there are 373.79 million shares.
The 6.64% of Peloton Interactive Inc’s shares are in the hands of company insiders while institutional holders own 87.96% of the company’s shares. Current price change has pushed the stock -9.43% 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.
