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 +9.64% Uptrend, advancing for three consecutive days on June 01, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where PTON advanced for three days, in of 220 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PTON's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 45 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 .
The Momentum Indicator moved above the 0 level on May 31, 2023. You may want to consider a long position or call options on PTON as a result. In of 60 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for PTON just turned positive on May 19, 2023. Looking at past instances where PTON's MACD turned positive, the stock continued to rise in of 30 cases over the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 50-day moving average for PTON moved below the 200-day moving average on May 08, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
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 of 62 cases within the following month. The odds of a continued downward trend are .
PTON broke above its upper Bollinger Band on June 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for PTON entered a downward trend on May 23, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (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 Valuation Rating of (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 (86.957) is normal, around the industry mean (23.265). P/E Ratio (0.000) is within average values for comparable stocks, (31.351). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.621). Dividend Yield (0.000) settles around the average of (0.070) among similar stocks. P/S Ratio (0.933) is also within normal values, averaging (3.808).
The Tickeron PE Growth Rating for this company is (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 SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 Profit vs. Risk Rating rating for this company is (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 84, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
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
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PTON and
Correlation & Price change
A.I.dvisor indicates that over the last year, PTON has been loosely correlated with YETI. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if PTON jumps, then YETI could also see price increases.
| Ticker / NAME | Correlation To PTON | 1D Price Change % | ||
|---|---|---|---|---|
| PTON | 100% | +6.18% | ||
| YETI - PTON | 60% Loosely correlated | -2.93% | ||
| CUK - PTON | 53% Loosely correlated | +5.32% | ||
| SEAS - PTON | 52% Loosely correlated | +1.00% | ||
| PII - PTON | 52% Loosely correlated | +2.68% | ||
| LTH - PTON | 50% Loosely correlated | +0.79% | ||
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