In today’s recent session, 1.3 million shares of the Peloton Interactive Inc (NASDAQ:PTON) have been traded, and its beta is 2.04. Most recently the company’s share price was $4.64, and it changed around -$0.06 or -1.38% from the last close, which brings the market valuation of the company to $1.74B. PTON at last check was trading at a discount to its 52-week high of $7.24, offering almost -56.03% off that amount. The share price’s 52-week low was $2.70, which indicates that the recent value has risen by an impressive 41.81% since then. We note from Peloton Interactive Inc’s average daily trading volume that its 10-day average is 11.22 million shares, with the 3-month average coming to 15.46 million.
Peloton Interactive Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.09. If we narrow it down even further, the data shows that 3 out of 22 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 16 recommended PTON as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Peloton Interactive Inc is expected to report earnings per share of -0.17 for the current quarter.
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Peloton Interactive Inc (NASDAQ:PTON) trade information
Instantly PTON has been showing red trend so far today with a performance of -1.38% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.89 on recent trading dayincreased the stock’s daily price by 5.11%. The company’s shares are currently down -23.89% year-to-date, but still down -0.96% over the last five days. On the other hand, Peloton Interactive Inc (NASDAQ:PTON) is 2.32% up in the 30-day period. We can see from the shorts that 66.04 million shares have been sold at a short interest cover period of 2.69 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 57.82% from its current value. Analyst projections state that PTON is forecast to be at a low of $2.5 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 risen 23.93 percent over the past six months and at a 56.95% annual growth rate that is well above the industry average of -8.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 61.40% in revenue this quarter, and will report an increase of 55.60% in the next quarter. The year-over-year growth rate is expected to be -8.40%, down from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 574.84M in revenue for the current quarter. 16 analysts expect Peloton Interactive Inc to make 671.35M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -3.50%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -11.89%.
PTON Dividends
Peloton Interactive Inc’s next quarterly earnings report is expected to be released on 2024-Oct-31.
Peloton Interactive Inc (NASDAQ:PTON)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.57% of Peloton Interactive Inc shares, and 91.01% of them are in the hands of institutional investors. The stock currently has a share float of 91.53%. Peloton Interactive Inc stock is held by 474.0 institutions, with MORGAN STANLEY being the largest institutional investor. By 2024-06-30, it held 11.4654% of the shares, which is about 42.18 million shares worth $142.59 million.
VANGUARD GROUP INC, with 9.0349% or 33.24 million shares worth $112.36 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 18.26 shares worth $84.53 million, making up 5.10% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 10.51 shares worth around $48.65 million, which represents about 2.93% of the total shares outstanding.
