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Friday, September 29, 2023

Are Things Looking Up For Peloton Interactive Inc. (NASDAQ: PTON)?

After Hours

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 -$0.025, or -0.38%, to $6.565. The Peloton Interactive Inc. has recorded 50,544 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Peloton Interactive, Inc. Announces Participation in the Goldman Sachs Communacopia & Technology Conference.

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Stocks Info

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 $6.59 and fluctuated between $6.71 as its day high and $6.37 as its day low. The current market capitalization of Peloton Interactive Inc. is $2.29B. A total of 6.68 million shares were traded on the day, compared to an average of 10.93M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PTON has seen 19 BUY and 7 SELL insider trades, representing the acquisition of 283,492 and the disposition of 144,565 shares. Over the last 12 months, there were 44 BUYs and 28 SELLs from insiders. Insiders purchased 771,810 shares during that period but sold 524,144.

In the most recent transaction, Cotter Jennifer Cunningham sold 19,462 shares of PTON for 6.98 per share on Aug 18. After the transaction, the Chief Content Officer now owns 44,868 company shares. In a previous transaction on Aug 18, Cortese Thomas sold 14,135 shares at 6.98 per share. PTON shares that Chief Product Officer owns now total 14,251.

Among the insiders who sold shares, RENDICH ANDREW S disposed of 4,234 shares on Aug 18 at a per-share price of $6.98. This resulted in the Chief Supply Chain Officer holding 75,276 shares of PTON after the transaction. In another insider transaction, Cotter Jennifer Cunningham sold 28,111 shares at $7.29 per share on Aug 16. Company shares held by the Chief Content Officer now total 64,330.

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 $7.90 with high estimates of $13.00 and low estimates of $4.00. In terms of 52-week highs and lows, PTON has a high of $17.83 and a low of $5.05.

As of this writing, PTON has an earnings estimate of -$0.36 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of -$0.3 per share and a lower estimate of -$0.47. The company reported an EPS of -$0.79 in the last quarter, which was -71.70% lower than expectations of -$0.46.

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. PTON’s latest balance sheet shows that the firm has $1.25B in Cash & Short Term Investments as of fiscal 2022. There were $2.37B in debt and $1.11B in liabilities at the time. Its Book Value Per Share was -$0.83, while its Total Shareholder’s Equity was $603.70M.

Analysts Opinion

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, 0 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 Buy with a score of 3.50.

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