Peloton Interactive Inc. [NASDAQ:PTON] price is worthing noting Wednesday. The current price is $116.07 with a high of $118.44 and $113.01. Analysts see the the current price target is $113.83.
To ground this price against the rest of the market, over the last two 52 weeks, the company is trading 403.92%, while the S&P 500 is trading 0.55%. Traders should note that the company’s next earning date is 11/10/2020. The company has price per sales of 18.09 and price per cash flow of 150.25.
The Bears are coming
Holding a Market Cap of $33.04 billion, Peloton Interactive Inc. has seen a trading range over the last year of $17.70-$118.44.
For the last five days, PTON is up from its last closing price. The average shares trading hands each day is 18.39M, with average 10-day volume coming in at 26.11 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for PTON. When we apply the Elder Force Index to Peloton Interactive Inc., we are seeing an Elder Force Indicator number of -4920790.42.
The recent performance of the stock is another area that can tell traders how to proceed. PTON is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 288.08. Moreover, the company’s enterprise value has gone from $15.71B to $6.50B quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, PTON made a profit of 288.7 million. Peloton Interactive Inc. also saw quarter revenue growth year over year of 99.55%. In addition, the company has operating cash flow of $376.4 million.
Looking at popular technical indicators, the company’s 5-day moving average is 112.82 compared to the 50-day moving average of 87.41. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. PTON currently holds a 9-day RSI of 81.29%, while 100-day RSI stands at 65.01%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. PTON’s 9-day MACD is 7.96 and the company’s 100-day MACD stands at 46.87.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 0.07% by insiders and 39.07% by institutions. Regarding institutional holdings, Baillie Gifford and Company owns 7.11%, while the second top holder, FMR, LLC, currently owns 6.80%.
Over the last six months, insiders have sold 5,209 with the most recent transaction from Garavaglia Mariana, Chief Bus. Operations Officer, with a sell at price 109.49 per share.
Overall, the recommended rating for PTON is Strong Buy. Currently, the company has 23 analysts watching the stock, and the average quarterly earnings estimate is 0.11. Quarterly revenue estimates are averaging 747.68M with the high estimate reaching 1.05B and the low at 723.4M.
To review, the current 1-year target estimate is sitting at 113.83, while the current price 116.07. Based on this, we expect some pullback on the stock over time given our above analysis.