Peloton Interactive Inc (NASDAQ:PTON) Adds 2.76 Percent In A Week: What Motivates The Stock?

In recent trading session, Peloton Interactive Inc (NASDAQ:PTON) saw 2.58 million shares changing hands at last check today with its beta currently measuring 2.03. Company’s recent per share price level of $4.66 trading at $0.09 or 1.86% at last check today assigns it a market valuation of $1.75B. That most recent trading price of PTON’s stock is at a discount of -55.36% from its 52-week high price of $7.24 and is indicating a premium of 42.06% from its 52-week low price of $2.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 36.46 million shares which gives us an average trading volume of 15.41 million if we extend that period to 3-months.

For Peloton Interactive Inc (PTON), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.09. Splitting up the data highlights that, out of 21 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.16 in the current quarter.

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Peloton Interactive Inc (NASDAQ:PTON) trade information

Upright in the green today for gaining 1.86%, in the last five days PTON remained trading in the green while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $4.66 price level, adding 4.51% to its value on the day. Peloton Interactive Inc’s shares saw a change of -23.56% in year-to-date performance and have moved 2.76% in past 5-day. Peloton Interactive Inc (NASDAQ:PTON) showed a performance of 51.63% in past 30-days. Number of shares sold short was 65.2 million shares which calculate 5.9 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 12 to the stock, which implies a rise of 61.17% to its recent value today. Analysts have been projecting 2.5 as a low price target for the stock while placing it at a high target of 170. It follows that stock’s current price would jump 46.35% in reaching the projected high whereas dropping to the targeted low would mean a gain of 46.35% for stock’s current value.

Peloton Interactive Inc (PTON) estimates and forecasts

Statistics highlight that Peloton Interactive Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 5.80% of value to its shares in past 6 months, showing an annual growth rate of 56.95% while that of industry is -14.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -8.50% from the last financial year’s standing.

16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 574.53M for the same. And 16 analysts are in estimates of company making revenue of 671.71M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.89% during past 5 years.

Peloton Interactive Inc (NASDAQ:PTON)’s Major holders

Insiders are in possession of 1.93% of company’s total shares while institution are holding 90.98 percent of that, with stock having share float percentage of 92.77%. Investors also watch the number of corporate investors in a company very closely, which is 90.98% institutions for Peloton Interactive Inc that are currently holding shares of the company. MORGAN STANLEY is the top institutional holder at PTON for having 42.18 million shares of worth $142.59 million. And as of 2024-06-30, it was holding 11.4654 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 33.24 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.0349 of outstanding shares, having a total worth of $112.36 million.