During the recent session, Peloton Interactive Inc (NASDAQ:PTON)’s traded shares were 1.96 million, with the beta value of the company hitting 1.95. At the last check today, the stock’s price was $8.40, reflecting an intraday gain of 0.66% or $0.05. The 52-week high for the PTON share is $10.90, that puts it down -29.76 from that peak though still a striking 67.86% gain since the share price plummeted to a 52-week low of $2.70. The company’s market capitalization is $3.21B, and the average intraday trading volume over the past 10 days was 11.42 million shares, and the average trade volume was 16.91 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 2.77. 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 -0.18.
Peloton Interactive Inc (NASDAQ:PTON) trade information
Peloton Interactive Inc (PTON) registered a 0.66% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.66% in intraday trading to $8.40, hitting a weekly high. The stock’s 5-day price performance is -6.30%, and it has moved by -8.94% in 30 days. Based on these gigs, the overall price performance for the year is 43.43%. The short interest in Peloton Interactive Inc (NASDAQ:PTON) is 63.44 million shares and it means that shorts have 5.26 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.83, which implies a decrease of -73.91% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.25 and $10 respectively. As a result, PTON is trading at a discount of -19.05% off the target high and 61.31% 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 134.12% during the last six months, with a year-to-date growth rate more than the industry average at 74.17% against -1.10. In the rating firms’ projections, revenue will decrease -8.52% 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 653.28M as predicted by 17 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to 652.48M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 743.6M and 717.7M respectively. In this case, analysts expect current quarter sales to shrink by -12.15% and then drop by -9.09% in the coming quarter.
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 72.41% in 2025.
PTON Dividends
Peloton Interactive Inc is due to release its next quarterly earnings in February. 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 0.80% of total outstanding shares while institutional holders control 94.88%, with the float percentage being 95.64%. MORGAN STANLEY is the largest shareholder of the company, while 475.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of Peloton Interactive Inc (PTON) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 10.5 shares. This amounts to just over 2.89 percent of the company’s overall shares, with a $89.05 million market value. The same data shows that the other fund manager holds slightly less at 8.82, or about 2.43% of the stock, which is worth about $74.83 million.
