In today’s recent session, 6.05 million shares of the Peloton Interactive Inc (NASDAQ:PTON) have been traded, and its beta is 2.02. Most recently the company’s share price was $2.92, and it changed around -$0.11 or -3.47% from the last close, which brings the market valuation of the company to $1.07B. PTON at last check was trading at a discount to its 52-week high of $9.87, offering almost -238.01% off that amount. The share price’s 52-week low was $2.97, which indicates that the recent value has fallen by an impressive -1.71% since then. We note from Peloton Interactive Inc’s average daily trading volume that its 3-month average coming to 13.17 million.
Peloton Interactive Inc stock received a consensus recommendation rating of Underweight, based on a mean score of 2.82. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended PTON as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Peloton Interactive Inc is expected to report earnings per share of -$0.36 for the current quarter.
Peloton Interactive Inc (NASDAQ:PTON) trade information
Instantly PTON has been showing red trend so far today with a performance of -3.47% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -51.97% year-to-date, but still down -11.09% over the last five days. On the other hand, Peloton Interactive Inc (NASDAQ:PTON) is -33.67% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $25.85, which translates to bulls needing to increase their stock price by 88.7% from its current value. Analyst projections state that PTON is forecast to be at a low of $4.5 and a high of $170.
Peloton Interactive Inc (PTON) estimates and forecasts
Peloton Interactive Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -38.94 percent over the past six months and at a 56.04% annual growth rate that is well above the industry average of -4.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 54.40% in revenue this quarter, and will report an increase of 69.10% in the next quarter. The year-over-year growth rate is expected to be -3.30%, down from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of $720.52 million in revenue for the current quarter. 17 analysts expect Peloton Interactive Inc to make $651.92 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were -$ and $642.1 million respectively. Forecasts for the next quarter put sales growth at 1.50%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -85.03%.
