Peloton Interactive Inc (NASDAQ:PTON) has a beta value of 1.93 and has seen 14.26 million shares traded in the last trading session. The company, currently valued at $4.03B, closed the last trade at $10.57 per share which meant it gained $0.32 on the day or 3.12% during that session. The PTON stock price is -0.19% off its 52-week high price of $10.59 and 74.46% above the 52-week low of $2.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.52 million shares traded. The 3-month trading volume is 16.92 million shares.
The consensus among analysts is that Peloton Interactive Inc (PTON) is Buy stock at the moment, with a recommendation rating of 2.77. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 21 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.18.
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Peloton Interactive Inc (NASDAQ:PTON) trade information
Sporting 3.12% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PTON stock price touched $10.57 or saw a rise of 3.03%. Year-to-date, Peloton Interactive Inc shares have moved 73.56%, while the 5-day performance has seen it change 11.26%. Over the past 30 days, the shares of Peloton Interactive Inc (NASDAQ:PTON) have changed 36.39%. Short interest in the company has seen 59.57 million shares shorted with days to cover at 2.49.
Wall Street analysts have a consensus price target for the stock at $4.83, which means that the shares’ value could drop -118.84% from current levels. The projected low price target is $3.25 while the price target rests at a high of $10.0. In that case, then, we find that the current price level is 5.39% off the targeted high while a plunge would see the stock lose 69.25% from current levels.
Peloton Interactive Inc (PTON) estimates and forecasts
Figures show that Peloton Interactive Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 178.89% over the past 6 months, with this year growth rate of 74.83%, compared to -0.10% for the industry. Revenue growth from the last financial year stood is estimated to be -8.51%.
16 analysts offering their estimates for the company have set an average revenue estimate of 653.3M for the current quarter. 16 have an estimated revenue figure of 652.23M for the next ending quarter. Year-ago sales stood 743.6M and 717.7M respectively for this quarter and the next, and analysts expect sales will shrink by -12.14% for the current quarter and -8.51% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -11.89% over the past 5 years.
PTON Dividends
Peloton Interactive Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Peloton Interactive Inc (NASDAQ:PTON)’s Major holders
Insiders own 0.78% of the company shares, while shares held by institutions stand at 87.82% with a share float percentage of 88.51%. Investors are also buoyed by the number of investors in a company, with Peloton Interactive Inc having a total of 480.0 institutions that hold shares in the company. The top two institutional holders are MORGAN STANLEY with over 42.18 million shares worth more than $142.59 million. As of 2024-06-30, MORGAN STANLEY held 11.4654% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 33.24 million shares as of 2024-06-30. The firm’s total holdings are worth over $112.36 million and represent 9.0349% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 2.89% shares in the company for having 10.5 shares of worth $111.0 million while later fund manager owns 8.87 shares of worth $93.78 million as of Sep 30, 2024 , which makes it owner of about 2.44% of company’s outstanding stock.
