Peloton Interactive Inc (NASDAQ:PTON)’s traded shares stood at 10.02 million during the last session, with the company’s beta value hitting 1.96. At the close of trading, the stock’s price was $4.42, to imply an increase of 6.25% or $0.26 in intraday trading. The PTON share’s 52-week high remains $12.02, putting it -171.95% down since that peak but still an impressive 10.41% since price per share fell to its 52-week low of $3.96. The company has a valuation of $1.62B, with an average of 10.92 million shares in intraday trading volume over the past 10 days and average of 14.85 million shares over the past 3 months.
Peloton Interactive Inc (NASDAQ:PTON) trade information
After registering a 6.25% upside in the last session, Peloton Interactive Inc (PTON) has traded red over the past five days. The stock hit a weekly high of 4.60, jumping 6.25% in its intraday price action. The 5-day price performance for the stock is -0.67%, and -5.96% over 30 days. With these gigs, the year-to-date price performance is -27.42%. Short interest in Peloton Interactive Inc (NASDAQ:PTON) saw shorts transact 45.01 million shares and set a 2.71 days time to cover.
Peloton Interactive Inc (PTON) estimates and forecasts
Looking at statistics comparing Peloton Interactive Inc share performance against respective industry, we note that the company has outperformed competitors. Peloton Interactive Inc (PTON) shares are -4.33% down over the last 6 months, with its year-to-date growth rate higher than industry average at 56.87% against -5.30%. Revenue is forecast to grow 54.40% this quarter before jumping 69.10% for the next one. The rating firms project that company’s revenue will shrink -3.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 18 analysts is $720.52 million. Meanwhile, for the quarter ending Jun 2024, a total of 17 analyst(s) estimate revenue growth to $651.92 million.
PTON Dividends
Peloton Interactive Inc has its next earnings report out between May 02 and May 06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Peloton Interactive Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Peloton Interactive Inc (NASDAQ:PTON)’s Major holders
Peloton Interactive Inc insiders hold 1.81% of total outstanding shares, with institutional holders owning 82.18% of the shares at 83.70% float percentage. In total, 82.18% institutions holds shares in the company, led by Vanguard Group Inc. As of Jun 29, 2023, the company held over 29.36 million shares (or 8.66% of shares), all amounting to roughly $225.74 million.
The next major institution holding the largest number of shares is Morgan Stanley with 29.21 million shares, or about 8.62% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $224.66 million.
We also have Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Peloton Interactive Inc (PTON) shares. Going by data provided on Jun 29, 2023, Growth Fund Of America Inc holds roughly 18.32 million shares. This is just over 5.40% of the total shares, with a market valuation of $140.87 million. Data from the same date shows that the other fund manager holds a little less at 9.69 million, or 2.86% of the shares, all valued at about 74.52 million.
