During the last session, Peloton Interactive Inc (NASDAQ:PTON)’s traded shares were 114.64 million, with the beta value of the company hitting 2.03. At the end of the trading day, the stock’s price was $8.50, reflecting an intraday gain of 27.82% or $1.85. The 52-week high for the PTON share is $7.24, that puts it up 14.82 from that peak though still a striking 68.24% gain since the share price plummeted to a 52-week low of $2.70. The company’s market capitalization is $3.24B, and the average intraday trading volume over the past 10 days was 30.12 million shares, and the average trade volume was 16.78 million shares over the past three months.
Peloton Interactive Inc (PTON) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.10. PTON has a Sell rating from 1 analyst(s) out of 21 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 13 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.16.
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Peloton Interactive Inc (NASDAQ:PTON) trade information
Peloton Interactive Inc (PTON) registered a 27.82% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 27.82% in intraday trading to $8.50, hitting a weekly high. The stock’s 5-day price performance is 38.44%, and it has moved by 83.98% in 30 days. Based on these gigs, the overall price performance for the year is 78.57%. The short interest in Peloton Interactive Inc (NASDAQ:PTON) is 59.51 million shares and it means that shorts have 5.55 day(s) to cover.
The consensus price target of analysts on Wall Street is $11, which implies an increase of 22.73% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $170 respectively. As a result, PTON is trading at a discount of -1900.0% off the target high and 70.59% off the low.
Peloton Interactive Inc (PTON) estimates and forecasts
Statistics show that Peloton Interactive Inc has outperformed its competitors in share price, compared to the industry in which it operates. Peloton Interactive Inc (PTON) shares have gone up 171.57% during the last six months, with a year-to-date growth rate more than the industry average at 56.95% against -8.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 63.60% this quarter and then jump 55.60% in the quarter after that. In the rating firms’ projections, revenue will decrease -8.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 574.84M as predicted by 16 analyst(s). Meanwhile, a consensus of 16 analyst(s) estimates revenue growth to 671.35M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -11.89%. While earnings are projected to return 63.15% in 2024.
PTON Dividends
Peloton Interactive Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Peloton Interactive Inc (NASDAQ:PTON)’s Major holders
Peloton Interactive Inc insiders own 0.60% of total outstanding shares while institutional holders control 91.26%, with the float percentage being 91.82%. MORGAN STANLEY is the largest shareholder of the company, while 463.0 institutions own stock in it. As of 2024-06-30, the company held over 42.18 million shares (or 11.4654% of all shares), a total value of $142.59 million in shares.
The next largest institutional holding, with 33.24 million shares, is of VANGUARD GROUP INC’s that is approximately 9.0349% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $112.36 million.
