Peloton Interactive Inc. [PTON] Is Currently 2.85 below its 200 Period Moving Avg: What Dose This Mean?

Peloton Interactive Inc. [NASDAQ: PTON] gained 2.85% or 3.39 points to close at $122.36 with a heavy trading volume of 6641252 shares. The company report on April 2, 2021 that Peloton Completes Precor Acquisition.

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With acquisition, Peloton will establish U.S. manufacturing footprint, anticipates enhancing R&D capabilities, and accelerating the growth of commercial verticals.

Peloton (NASDAQ: PTON), the leading interactive fitness platform, announced that it has officially closed the acquisition of Precor, one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence. With this acquisition, Peloton establishes its U.S. manufacturing capacity, anticipates boosting research and development capabilities with Precor’s highly-skilled team and accelerating Peloton’s penetration of the commercial market. Peloton plans to produce connected fitness products in the United States before the end of the calendar year 2021.

It opened the trading session at $121.49, the shares rose to $124.80 and dropped to $120.59, the range by which the price of stock traded the whole day. The daily chart for PTON points out that the company has recorded -0.54% loss over the past six months. However, it is still -329.94% lower than its most recent low trading price.

If we look at the average trading volume of 8.02M shares, PTON reached to a volume of 6641252 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Peloton Interactive Inc. [PTON]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PTON shares is $161.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PTON stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Peloton Interactive Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 06, 2021. While these analysts kept the previous recommendation, Evercore ISI dropped their target price from $160 to $125. The new note on the price target was released on April 06, 2021, representing the official price target for Peloton Interactive Inc. stock. Previously, the target price had yet another raise to $110, while Wolfe Research analysts kept a Peer Perform rating on PTON stock.

The Average True Range (ATR) for Peloton Interactive Inc. is set at 7.25, with the Price to Sales ratio for PTON stock in the period of the last 12 months amounting to 12.71. The Price to Book ratio for the last quarter was 18.57, with the Price to Cash per share for the same quarter was set at 6.88. Price to Free Cash Flow for PTON in the course of the last twelve months was 59.94 with Quick ratio for the last quarter at 1.70.

Trading performance analysis for PTON stock

Peloton Interactive Inc. [PTON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.05. With this latest performance, PTON shares gained by 9.69% in over the last four-week period, additionally sinking by -0.54% over the last 6 months – not to mention a rise of 282.49% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PTON stock in for the last two-week period is set at 56.62, with the RSI for the last a single of trading hit 62.77, and the three-weeks RSI is set at 52.82 for Peloton Interactive Inc. [PTON]. The present Moving Average for the last 50 days of trading for this stock 122.24, while it was recorded at 119.75 for the last single week of trading, and 108.53 for the last 200 days.

Peloton Interactive Inc. [PTON]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Peloton Interactive Inc. [PTON] shares currently have an operating margin of -1.12 and a Gross Margin at +44.72. Peloton Interactive Inc.’s Net Margin is presently recorded at -3.92.

Return on Total Capital for PTON is now -1.50, given the latest momentum, and Return on Invested Capital for the company is -5.23. Return on Equity for this stock declined to -6.88, with Return on Assets sitting at -3.72. When it comes to the capital structure of this company, Peloton Interactive Inc. [PTON] has a Total Debt to Total Equity ratio set at 30.29. Additionally, PTON Total Debt to Total Capital is recorded at 23.25, with Total Debt to Total Assets ending up at 17.04. Long-Term Debt to Equity for the company is recorded at 30.29, with the Long-Term Debt to Total Capital now at 23.25.

Reflecting on the efficiency of the workforce at the company, Peloton Interactive Inc. [PTON] managed to generate an average of -$19,383 per employee. Receivables Turnover for the company is 68.77 with a Total Asset Turnover recorded at a value of 0.95.Peloton Interactive Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.10.

Peloton Interactive Inc. [PTON]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Peloton Interactive Inc. posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at -0.18/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -11.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PTON. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Peloton Interactive Inc. go to -6.10%.

An analysis of insider ownership at Peloton Interactive Inc. [PTON]

There are presently around $25,146 million, or 77.40% of PTON stock, in the hands of institutional investors. The top three institutional holders of PTON stocks are: VANGUARD GROUP INC with ownership of 21,302,071, which is approximately 25.182% of the company’s market cap and around 0.30% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 15,983,896 shares of the stock with an approximate value of $1.96 billion in PTON stocks shares; and BLACKROCK INC., currently with $1.64 billion in PTON stock with ownership of nearly 59.315% of the company’s market capitalization.

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Positions in Peloton Interactive Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 442 institutional holders increased their position in Peloton Interactive Inc. [NASDAQ:PTON] by around 51,127,184 shares. Additionally, 250 investors decreased positions by around 24,702,241 shares, while 54 investors held positions by with 129,679,256 shares. The mentioned changes placed institutional holdings at 205,508,681 shares, according to the latest SEC report filing. PTON stock had 220 new institutional investments in for a total of 14,814,845 shares, while 72 institutional investors sold positions of 1,701,705 shares during the same period.

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