Peloton Interactive Inc (PTON): Street Finally Waking Up

Currently, there are 358.12M common shares owned by the public and among those 340.31M shares have been available to trade.

The company’s stock has a 5-day price change of -12.92% and 139.94% over the past three months. PTON shares are trading 27.26% year to date (YTD), with the 12-month market performance up to 39.14% higher. It has a 12-month low price of $2.70 and touched a high of $8.97 over the same period. PTON has an average intraday trading volume of 20.48 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.90%, 33.57%, and 79.14% respectively.

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Institutional ownership of Peloton Interactive Inc (NASDAQ: PTON) shares accounts for 78.12% of the company’s 358.12M shares outstanding.

It has a market capitalization of $2.86B and a beta (3y monthly) value of 1.84. The earnings-per-share (ttm) stands at -$1.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.59% over the week and 8.94% over the month.

Earnings per share for the fiscal year are expected to increase by 69.66%, and 22.26% over the next financial year.

Looking at the support for the PTON, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on November 04, 2024, with the firm’s price target at $3.75-$9. Telsey Advisory Group coverage for the Peloton Interactive Inc (PTON) stock in a research note released on November 01, 2024 offered a Market Perform rating with a price target of $9. Telsey Advisory Group was of a view on August 23, 2024 that the stock is Market Perform, while JP Morgan gave the stock Neutral rating on August 23, 2024, issuing a price target of $7- $5. Wolfe Research on their part issued Peer Perform rating on July 16, 2024.

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