According to Peloton's website, there is a 10-week wait time for its most expensive bike. Consumers don't like waiting 10 weeks for anything.
The long wait times are a signal of the strong demand for Peloton's product, but also underscore the rapid shift towards digital everything, including exercise. Peloton's stationary bikes combined with its interactive technology give the feel of exercising with community from the comfort of one's own home. A perfect solution in a pandemic, which is why its connected-fitness subscriptions grew 137% year-over-year and its digital subscriptions grew 382%.
Peloton has a manufacturing problem, however, with all of its bikes built by third-party manufacturers in Taiwan. That problem may be addressed with Peloton's acquisition of fitness-equipment manufacturer Precor Inc., in a $420 million cash deal announced on Monday. Precor will give Peloton 625,000 square feet of U.S. manufacturing capacity, which could see Peloton manufacturing bikes domestically by the end of 2021. Will it be soon enough?
Below, A.I.dvisor compares Peloton with a traditional gym behemoth, Planet Fitness.
The 10-day moving average for PTON crossed bullishly above the 50-day moving average on July 19, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an interactive fitness platform, which engages in the operation of in-studio fitness classes, fitness clubs, at-home fitness equipment & content and health & wellness apps
Industry RecreationalProducts