Peloton (PTON, $108.78) faces urgent safety warning
Exercises device company Peloton has been slapped with an urgent safety warning after a child died and many people were injured by using its treadmills.
The U.S. Consumer Product Safety Commission asked people with small kids and pets to stop using the devices immediately, following 39 reports of small children and a pet getting hurt by the Tread+ treadmill, which sells for upward of $4,000.
"In light of multiple reports of children becoming entrapped, pinned, and pulled under the rear roller of the product, CPSC urges consumers with children at home to stop using the product immediately," said the federal commission.
The commission also said that the machines pose a risk for kids and pets even while an adult is running on the treadmills. It believes that the risk cannot be avoided by locking the device when not in use.
Peloton issued a statement where it mentioned that it believes the Consumer Product Safety Commission's warning is "inaccurate and misleading."
"The Tread+ is safe for Members to use in their homes and comes with safety instructions and warnings to ensure its safe use. Like all motorized exercise equipment, the Tread+ can pose hazards if the warnings and safety instructions are not followed. The Tread+ is not for children under 16. Peloton warns Members not to let children use the Tread+ and to keep children, pets, and objects away from the Tread+ at all times. Any owner of a treadmill – whether made by Peloton or not – should follow these warnings, as they are included in the applicable safety standards, which the Peloton Tread+ meets.”, it mentioned in the statement.
PTON in upward trend: price may jump up because it broke its lower Bollinger Band on May 09, 2022
PTON may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 18 of 19 cases where PTON's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 90%.
Current price $15.87 is below $106.20 the lowest support line found by A.I. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -33% Downtrend, while the week of 05/06/22 - 05/13/22 shows a +1% Uptrend.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PTON's RSI Indicator exited the oversold zone, 13 of 15 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 87%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 23 of 30 cases where PTON's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 77%.
Following a +28.61% 3-day Advance, the price is estimated to grow further. Considering data from situations where PTON advanced for three days, in 135 of 155 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.
The Moving Average Convergence Divergence Histogram (MACD) for PTON turned negative on April 07, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 21 similar instances when the indicator turned negative. In 16 of the 21 cases the stock turned lower in the days that followed. This puts the odds of success at 76%.
The 10-day Moving Average for PTON crossed bearishly below the 50-day moving average on April 07, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 8 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 75%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PTON declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 80%.
The Aroon Indicator for PTON entered a downward trend on May 13, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 73%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.12.
The Tickeron SMR rating for this company is 31 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 94 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.054) is normal, around the industry mean (124.951). P/E Ratio (0.000) is within average values for comparable stocks, (27.670). PTON's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.861). PTON has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.020). P/S Ratio (1.292) is also within normal values, averaging (11.402).
The Tickeron Price Growth Rating for this company is 96 (best 1 - 100 worst), indicating slightly worse than average price growth. PTON’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 98 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PTON’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock worse than average.
The Leisure and Recreation Products industry includes companies offering recreational goods/services such as video games, swimming pools, golf courses, boats, outdoor spaces etc. Since these are mainly geared towards consumers, strong employment conditions and healthy incomes generally augur well for the recreational products industry. Some of the largest market caps in this space belong to video game developers (e.g. Activision Blizzard, Electronic Arts and Take-two Interactive), and toy /board game makers (like Hasbro).
The average market capitalization across the Recreational Products Industry is 4B. The market cap for tickers in the group ranges from 15.1K to 43.4B. OLCLF holds the highest valuation in this group at 43.4B. The lowest valued company is SPQS at 15.1K.
The average weekly price growth across all stocks in the Recreational Products Industry was -2.64%. For the same Industry, the average monthly price growth was -6.79%, and the average quarterly price growth was -18.42%. DS experienced the highest price growth at 26.89%, while SLBG experienced the biggest fall at -27.92%.
- 3/25/22 6:10 AM: Peloton Interactive (PTON, $28.94) was a top weekly gainer, with a +17.17% jump
- 3/18/22 7:14 AM: Peloton Interactive (PTON, $24.7) was a top weekly gainer, with a +9.24% jump
The average weekly volume growth across all stocks in the Recreational Products Industry was -51.04%. For the same stocks of the Industry, the average monthly volume growth was 111.79% and the average quarterly volume growth was 85.25%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the Aroon Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 46%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.33.
37 stocks in the group of tickers exhibit a similar negative trend based on the MACD indicator with an average likelihood of 74%.
The most notable companies in this group are Booking Holdings (NASDAQ:BKNG), eBay (NASDAQ:EBAY), Expedia Group (NASDAQ:EXPE), Trip.com Group Limited (NASDAQ:TCOM), Peloton Interactive (NASDAQ:PTON), WW International (NASDAQ:WW).
The average market capitalization across the group is 4.9B. The market cap for tickers in the group ranges from 55.3K to 85.4B. BKNG holds the highest valuation in this group at 85.4B. The lowest valued company is ASCC at 55.3K.
The average weekly price growth across all stocks in the group was -2.63%. For the same group, the average monthly price growth was -8.54%, and the average quarterly price growth was -27.1%. MSSV experienced the highest price growth at 89.26%, while QQQFF experienced the biggest fall at -28.14%.
- 5/14/22 4:23 AM: PLBY Group (PLBY, $8.94) was a top weekly gainer, with a +5.05% jump
- 5/14/22 4:23 AM: TripAdvisor (TRIP, $24.77) was a top weekly gainer, with a +8.31% jump
- 5/14/22 4:23 AM: cbdMD (YCBD, $0.83) is a top weekly gainer for penny stocks, rising +20.7%
The average weekly volume growth across all stocks in the group was 116.13%. For the same stocks of the group, the average monthly volume growth was 140.68% and the average quarterly volume growth was 254.41%
- 4/26/22 5:03 AM: The volume for Tuniu stock increased for one day, resulting in a record-breaking daily growth of 240% of the 65-Day Volume Moving Average
- 4/21/22 5:11 AM: The volume for Aytu BioPharma stock increased for two consecutive days, resulting in a record-breaking daily growth of 2,568% of the 65-Day Volume Moving Average
- 4/20/22 8:52 AM: The volume for Aytu BioPharma stock increased for one day, resulting in a record-breaking daily growth of 4,697% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows