Peloton Interactive Inc (NASDAQ: PTON) Stock: More Upside Ahead?

In the latest trading session, 1.35 million Peloton Interactive Inc (NASDAQ:PTON) shares changed hands as the company’s beta touched 2.04. With the company’s most recent per share price at $5.55 changing hands around $0.03 or 0.48% at last look, the market valuation stands at $2.00B. PTON’s current price is a discount, trading about -221.26% off its 52-week high of $17.83. The share price had its 52-week low at $4.28, which suggests the last value was 22.88% up since then. When we look at Peloton Interactive Inc’s average trading volume, we note the 10-day average is 11.77 million shares, with the 3-month average coming to 12.95 million.

Analysts gave the Peloton Interactive Inc (PTON) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.85. If we narrow down to specifics, the data shows that 3 out of 26 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 16 recommended PTON as a Hold, 5 felt it is a Buy and 1 rated the stock as Underweight. Peloton Interactive Inc’s EPS for the current quarter is expected to be -$0.51.

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Peloton Interactive Inc (NASDAQ:PTON) trade information

Instantly PTON is in green as seen in intraday trades today. With action 24.93%, the performance over the past five days has been green. The jump to weekly highs of 5.66 on Friday, 11/17/23 added 0.48% to the stock’s daily price. The company’s shares are showing year-to-date downside of -30.14%, with the 5-day performance at 24.93% in the green. However, in the 30-day time frame, Peloton Interactive Inc (NASDAQ:PTON) is 14.60% up. Looking at the short shares, we see there were 47.88 million shares sold at short interest cover period of 4.71 days.

Peloton Interactive Inc (PTON) estimates and forecasts

Data shows that the Peloton Interactive Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -24.33% over the past 6 months, a 56.32% in annual growth rate that is considerably higher than the industry average of -20.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Peloton Interactive Inc will rise 48.00%, while the growth in revenue is estimated to hit 59.50% for the next quarter. Year-over-year growth is forecast to reach -1.80% down from the last financial year.

Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of $734.64 million. 16 analysts are of the opinion that Peloton Interactive Inc’s revenue for the quarter ending Mar 2024 will be $755.33 million.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -85.03%. The 2023 estimates are for Peloton Interactive Inc earnings to increase by 60.43%.

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