Peloton Interactive Inc. [NASDAQ: PTON] loss -6.13% or -0.89 points to close at $13.62 with a heavy trading volume of 9646445 shares. The company report on May 18, 2022 that Peloton Interactive, Inc. Announces Participation in the J.P. Morgan Global Technology, Media and Communications Conference.
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Peloton Interactive, Inc. (Nasdaq: PTON) today announced that the Company will be participating in the J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 24, 2022, at 10:50 AM ET. Attending for Peloton will be Barry McCarthy, President and Chief Executive Officer.
The audio portion of the presentation will be webcast live over the internet and can be accessed at https://investor.onepeloton.com.
It opened the trading session at $14.577, the shares rose to $14.577 and dropped to $13.05, the range by which the price of stock traded the whole day. The daily chart for PTON points out that the company has recorded -71.11% loss over the past six months. However, it is still -21.07% lower than its most recent low trading price.
If we look at the average trading volume of 12.11M shares, PTON reached to a volume of 9646445 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 $23.57 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 2.30. 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.
JMP Securities have made an estimate for Peloton Interactive Inc. shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on May 11, 2022. While these analysts kept the previous recommendation, Stifel dropped their target price from $45 to $14. The new note on the price target was released on May 11, 2022, representing the official price target for Peloton Interactive Inc. stock. Previously, the target price had yet another raise from $32 to $36, while Citigroup kept a Buy rating on PTON stock. On April 18, 2022, analysts decreased their price target for PTON shares from 40 to 28.
The Average True Range (ATR) for Peloton Interactive Inc. is set at 1.73, with the Price to Sales ratio for PTON stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 2.59, with the Price to Cash per share for the same quarter was set at 2.57.
Trading performance analysis for PTON stock
Peloton Interactive Inc. [PTON] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.02. With this latest performance, PTON shares dropped by -33.20% in over the last four-week period, additionally sinking by -71.11% over the last 6 months – not to mention a drop of -86.54% 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 33.66, with the RSI for the last a single of trading hit 33.16, and the three-weeks RSI is set at 35.02 for Peloton Interactive Inc. [PTON]. The present Moving Average for the last 50 days of trading for this stock 21.43, while it was recorded at 14.57 for the last single week of trading, and 51.71 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 -2.91 and a Gross Margin at +35.18. Peloton Interactive Inc.’s Net Margin is presently recorded at -4.70.
Return on Total Capital for PTON is now -4.30, given the latest momentum, and Return on Invested Capital for the company is -7.01. Return on Equity for this stock declined to -11.01, with Return on Assets sitting at -5.06. When it comes to the capital structure of this company, Peloton Interactive Inc. [PTON] has a Total Debt to Total Equity ratio set at 86.20. Additionally, PTON Total Debt to Total Capital is recorded at 46.30, with Total Debt to Total Assets ending up at 33.71. Long-Term Debt to Equity for the company is recorded at 82.67, with the Long-Term Debt to Total Capital now at 44.40.
Reflecting on the efficiency of the workforce at the company, Peloton Interactive Inc. [PTON] managed to generate an average of -$21,819 per employee. Receivables Turnover for the company is 75.88 with a Total Asset Turnover recorded at a value of 1.08.Peloton Interactive Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 2.50.
An analysis of insider ownership at Peloton Interactive Inc. [PTON]
There are presently around $3,951 million, or 89.50% of PTON stock, in the hands of institutional investors. The top three institutional holders of PTON stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 40,969,073, which is approximately 138.362% of the company’s market cap and around 0.10% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 33,191,671 shares of the stock with an approximate value of $481.61 million in PTON stocks shares; and VANGUARD GROUP INC, currently with $373.91 million in PTON stock with ownership of nearly 3.419% of the company’s market capitalization.
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 264 institutional holders increased their position in Peloton Interactive Inc. [NASDAQ:PTON] by around 74,875,783 shares. Additionally, 327 investors decreased positions by around 65,102,642 shares, while 84 investors held positions by with 132,335,966 shares. The mentioned changes placed institutional holdings at 272,314,391 shares, according to the latest SEC report filing. PTON stock had 95 new institutional investments in for a total of 18,661,376 shares, while 166 institutional investors sold positions of 30,394,341 shares during the same period.