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Sunday, April 2, 2023

This Is Too Hot For Peloton Interactive Inc. (NASDAQ: PTON), Let’s Take A Closer Look

After Hours

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. After-hours trades for Peloton Interactive Inc. (PTON) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.17%, to $11.80. The Peloton Interactive Inc. has recorded 14,798 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Peloton Community in Conversation With the Center for Antiracist Research.

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Stocks Info

As a NASDAQ listed company, PTON falls under the Consumer Cyclical sector while operating within the Leisure industry segment. At the end of the last regular session, the stock closed at $11.78 and fluctuated between $12.59 as its day high and $11.21 as its day low. The current market capitalization of Peloton Interactive Inc. is $4.41B. A total of 17.31 million shares were traded on the day, compared to an average of 12.88M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PTON has seen 5 BUY and 6 SELL insider trades, representing the acquisition of 100,238 and the disposition of 90,500 shares. Over the last 12 months, there were 27 BUYs and 15 SELLs from insiders. Insiders purchased 223,229 shares during that period but sold 143,009.

In the most recent transaction, Cotter Jennifer Cunningham sold 25,428 shares of PTON for 13.06 per share on Feb 21. After the transaction, the Chief Content Officer now owns 27,401 company shares. In a previous transaction on Feb 21, Cortese Thomas sold 18,965 shares at 13.06 per share. PTON shares that Chief Product Officer owns now total 413.

Among the insiders who sold shares, RENDICH ANDREW S disposed of 10,137 shares on Feb 21 at a per-share price of $13.08. This resulted in the Chief Supply Chain Officer holding 18,944 shares of PTON after the transaction. In another insider transaction, Cotter Jennifer Cunningham sold 14,403 shares at $14.44 per share on Feb 16. Company shares held by the Chief Content Officer now total 52,829.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PTON in the last 3 months, the mean price target is $15.56 with high estimates of $22.00 and low estimates of $4.50. In terms of 52-week highs and lows, PTON has a high of $32.14 and a low of $6.66.

As of this writing, PTON has an earnings estimate of -$0.46 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of -$0.14 per share and a lower estimate of -$0.7. The company reported an EPS of -$1.2 in the last quarter, which was -87.50% lower than expectations of -$0.64.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

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. Currently, 30 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 3.74. A total of 10 analysts rated the stock as Buy while 2 rated it as Overweight while 15 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 3 thought it should be Sold.

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