The stock price of Peloton Interactive Inc (NASDAQ: PTON) has dropped by -3.05 compared to previous close of 4.42. Despite this, the company has seen a fall of -2.83% in its stock price over the last five trading days. InvestorPlace reported 2024-03-27 that A few months ago most consumers and investors were expecting rate cuts perhaps as early as February or March. Today, it looks like June is the more likely scenario.
Is It Worth Investing in Peloton Interactive Inc (NASDAQ: PTON) Right Now?
The 36-month beta value for PTON is at 1.96. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 16 as “hold,” and 3 as “sell.”
The public float for PTON is 324.58M, and currently, shorts hold a 14.73% of that float. The average trading volume for PTON on April 01, 2024 was 14.86M shares.
PTON’s Market Performance
PTON’s stock has seen a -2.83% decrease for the week, with a -7.65% drop in the past month and a -32.94% fall in the past quarter. The volatility ratio for the week is 6.19%, and the volatility levels for the past 30 days are at 6.08% for Peloton Interactive Inc. The simple moving average for the past 20 days is -2.82% for PTON’s stock, with a -28.46% simple moving average for the past 200 days.
Analysts’ Opinion of PTON
Many brokerage firms have already submitted their reports for PTON stocks, with Morgan Stanley repeating the rating for PTON by listing it as a “Equal-Weight.” The predicted price for PTON in the upcoming period, according to Morgan Stanley is $3 based on the research report published on March 11, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see PTON reach a price target of $5, previously predicting the price at $6. The rating they have provided for PTON stocks is “Market Perform” according to the report published on February 02nd, 2024.
Deutsche Bank gave a rating of “Hold” to PTON, setting the target price at $4 in the report published on November 07th of the previous year.
PTON Trading at -9.39% from the 50-Day Moving Average
After a stumble in the market that brought PTON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.36% of loss for the given period.
Volatility was left at 6.08%, however, over the last 30 days, the volatility rate increased by 6.19%, as shares sank -5.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.12% lower at present.
During the last 5 trading sessions, PTON fell by -2.83%, which changed the moving average for the period of 200-days by -52.02% in comparison to the 20-day moving average, which settled at $4.40. In addition, Peloton Interactive Inc saw -29.64% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PTON starting from Coddington Elizabeth F, who sale 8,977 shares at the price of $4.34 back on Mar 14 ’24. After this action, Coddington Elizabeth F now owns 104,428 shares of Peloton Interactive Inc, valued at $38,975 using the latest closing price.
Cotter Jennifer Cunningham, the Chief Content Officer of Peloton Interactive Inc, sale 104,620 shares at $4.43 during a trade that took place back on Mar 07 ’24, which means that Cotter Jennifer Cunningham is holding 32,363 shares at $463,540 based on the most recent closing price.
Stock Fundamentals for PTON
Current profitability levels for the company are sitting at:
- -0.27 for the present operating margin
- 0.38 for the gross margin
The net margin for Peloton Interactive Inc stands at -0.32. The total capital return value is set at -0.42. Equity return is now at value -847.28, with -29.70 for asset returns.
Based on Peloton Interactive Inc (PTON), the company’s capital structure generated 1.39 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at -3.54. The interest coverage ratio of the stock is -6.77.
Currently, EBITDA for the company is -687.7 million with net debt to EBITDA at -3.22. When we switch over and look at the enterprise to sales, we see a ratio of 1.13. The receivables turnover for the company is 19.36for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.92.
Conclusion
In conclusion, Peloton Interactive Inc (PTON) has had a bad performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
