Peloton Interactive Inc. [PTON] Stock trading around $11.66 per share: What’s Next?

Peloton Interactive Inc. [NASDAQ: PTON] price surged by 5.42 percent to reach at $0.6. The company report on January 18, 2023 that Peloton Interactive, Inc. Announces Second Quarter Fiscal 2023 Earnings Release Date, Conference Call and Webcast.

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A sum of 8950283 shares traded at recent session while its average daily volume was at 12.47M shares. Peloton Interactive Inc. shares reached a high of $11.74 and dropped to a low of $10.86 until finishing in the latest session at $11.66.

The one-year PTON stock forecast points to a potential upside of 13.44. The average equity rating for PTON stock is currently 2.40, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $13.47 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 2.40. 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.

Cowen have made an estimate for Peloton Interactive Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on November 22, 2022. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $19 to $16. The new note on the price target was released on November 02, 2022, representing the official price target for Peloton Interactive Inc. stock. Previously, the target price had yet another drop from $11 to $9, while Telsey Advisory Group kept a Market Perform rating on PTON stock. On July 22, 2022, analysts increased their price target for PTON shares from 18 to 20.

The Average True Range (ATR) for Peloton Interactive Inc. is set at 0.80, with the Price to Sales ratio for PTON stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 15.34.

PTON Stock Performance Analysis:

Peloton Interactive Inc. [PTON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.26. With this latest performance, PTON shares gained by 11.58% in over the last four-week period, additionally plugging by 19.34% over the last 6 months – not to mention a drop of -51.86% 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 60.10, with the RSI for the last a single of trading hit 63.83, and the three-weeks RSI is set at 57.56 for Peloton Interactive Inc. [PTON]. The present Moving Average for the last 50 days of trading for this stock 10.47, while it was recorded at 11.24 for the last single week of trading, and 11.56 for the last 200 days.

Insight into Peloton Interactive Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Peloton Interactive Inc. [PTON] shares currently have an operating margin of -42.42 and a Gross Margin at +16.81. Peloton Interactive Inc.’s Net Margin is presently recorded at -78.94.

Return on Equity for this stock declined to -240.96, with Return on Assets sitting at -66.42.

Peloton Interactive Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 2.50.

Peloton Interactive Inc. [PTON] Insider Position Details

There are presently around $3,096 million, or 86.60% 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 38,764,584, which is approximately -13.448% of the company’s market cap and around 0.92% of the total institutional ownership; VANGUARD GROUP INC, holding 26,169,861 shares of the stock with an approximate value of $305.14 million in PTON stocks shares; and BAILLIE GIFFORD & CO, currently with $292.89 million in PTON stock with ownership of nearly -8.87% of the company’s market capitalization.

Positions in Peloton Interactive Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 171 institutional holders increased their position in Peloton Interactive Inc. [NASDAQ:PTON] by around 36,463,184 shares. Additionally, 230 investors decreased positions by around 36,159,972 shares, while 123 investors held positions by with 192,873,848 shares. The mentioned changes placed institutional holdings at 265,497,004 shares, according to the latest SEC report filing. PTON stock had 56 new institutional investments in for a total of 10,553,756 shares, while 89 institutional investors sold positions of 10,146,933 shares during the same period.


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