The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Peloton Interactive Inc. (PTON) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.63, or -6.53%, to $9.02. Volume reached 414,376 shares, with price reaching a high of $9.16 and a low of $9. Most recently, Yahoo Finance reported about the stock as it publicized that UnitedHealthcare and Peloton to Provide Millions of More People With Access to a Leading Interactive Fitness Platform.
The company is listed on the NASDAQ and operates within the Leisure industry segment. At the end of the last regular session, the stock closed at $9.05 and fluctuated between $9.90 as its day high and $9.05 as its day low. The current market capitalization of Peloton Interactive Inc. is $3.36B. A total of 11.97 million shares were traded on the day, compared to an average of 14.86M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PTON has seen 8 BUY and 2 SELL insider trades, representing the acquisition of 20,724 and the disposition of 9,812 shares. Over the last 12 months, there were 53 BUYs and 29 SELLs from insiders. Insiders purchased 2,452,491 shares during that period but sold 160,870.
In the most recent transaction, Klingsick Allen J sold 2,775 shares of PTON for 13.88 per share on Aug 16. After the transaction, the Chief Accounting Officer now owns 27,127 company shares. In a previous transaction on Aug 16, Cornils Kevin sold 7,037 shares at 14.10 per share. PTON shares that Chief Commercial Officer owns now total 13,891.
Among the insiders who sold shares, Klingsick Allen J disposed of 1,456 shares on May 17 at a per-share price of $15.01. This resulted in the Chief Accounting Officer holding 22,080 shares of PTON after the transaction. In another insider transaction, Klingsick Allen J sold 1,463 shares at $15.42 per share on May 16. Company shares held by the Chief Accounting Officer now total 19,643.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PTON in the last 3 months, the mean price target is $16.20 with high estimates of $26.00 and low estimates of $8.00. In terms of 52-week highs and lows, PTON has a high of $103.93 and a low of $8.22.
As of this writing, PTON has an earnings estimate of $-0.65 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $-0.51 per share and a lower estimate of $-0.78. The company reported an EPS of $-1.32 in the last quarter, which was -85.92% lower than expectations of $-0.71.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 31 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PTON is Sell with a score of 3.91. A total of 12 analysts rated the stock as Buy while 3 rated it as Overweight while 14 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.