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published in Blogs
Jan 22, 2022

Peloton (PTON, $27.06) shares rebound, as it refutes production halt report

Peloton Interactive shares climbed on Friday, following Thursday’s plunge that wiped $2.5 billion off the fitness equipment maker’s market value. The company refuted reports that it will suspend production of its bikes and treadmills.

Thursday's CNBC report cited an internal memo suggesting that the group was planning to halt production for two months production due to a post-pandemic reduction in demand for its connected bikes and treadmills. CEO John Foley called this report  'false'. However, Foley mentioned that the group will 'reset' output levels and assess the size of its workforce and implement "significant corrective actions" in order to boost profits.

"We now need to evaluate our organization structure and size of our team," Foley mentioned. "And we are still in the process of considering all options ... to make our business more flexible."

Also, Peloton’s preliminary second quarter revenue projections is $1.14 billion. Its adjusted EBITDA forecast is in the region of -$270 million to -$260 million, vs. prior guidance of a loss of -$350 million.

Related Ticker: PTON

PTON in +4.20% Uptrend, rising for three consecutive days on March 11, 2024

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 267 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Momentum Indicator moved above the 0 level on March 18, 2024. You may want to consider a long position or call options on PTON as a result. In of 77 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 February 23, 2024. Looking at past instances where PTON's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

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 .

The Aroon Indicator for PTON entered a downward trend on February 14, 2024. 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)

Fear & Greed

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 (42.036). P/E Ratio (0.000) is within average values for comparable stocks, (50.783). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.447). Dividend Yield (0.000) settles around the average of (0.064) among similar stocks. P/S Ratio (0.570) is also within normal values, averaging (8.829).

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 85, placing this stock worse than average.

Notable companies

The most notable companies in this group are Harley-Davidson (NYSE:HOG), YETI Holdings (NYSE:YETI), Peloton Interactive (NASDAQ:PTON), MasterCraft Boat Holdings (NASDAQ:MCFT).

Industry description

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).

Market Cap

The average market capitalization across the Recreational Products Industry is 4.71B. The market cap for tickers in the group ranges from 5.94K to 63.42B. OLCLY holds the highest valuation in this group at 63.42B. The lowest valued company is CLUBQ at 5.94K.

High and low price notable news

The average weekly price growth across all stocks in the Recreational Products Industry was -0%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was -9%. LFEV experienced the highest price growth at 106%, while BFXXQ experienced the biggest fall at -42%.

Volume

The average weekly volume growth across all stocks in the Recreational Products Industry was -24%. For the same stocks of the Industry, the average monthly volume growth was -19% and the average quarterly volume growth was -45%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 62
Price Growth Rating: 56
SMR Rating: 69
Profit Risk Rating: 85
Seasonality Score: 3 (-100 ... +100)
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PTONDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

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

Industry RecreationalProducts

Profile
Fundamentals
Details
Industry
N/A
Address
441 Ninth Avenue
Phone
+1 917 671-9198
Employees
2765
Web
https://www.onepeloton.com
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PTON and

Correlation & Price change

A.I.dvisor indicates that over the last year, PTON has been loosely correlated with MODG. These tickers have moved in lockstep 43% of the time. This A.I.-generated data suggests there is some statistical probability that if PTON jumps, then MODG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PTON
1D Price
Change %
PTON100%
+0.93%
MODG - PTON
43%
Loosely correlated
-0.14%
PII - PTON
43%
Loosely correlated
-1.91%
PRKS - PTON
41%
Loosely correlated
+3.08%
BC - PTON
39%
Loosely correlated
-0.55%
DOOO - PTON
37%
Loosely correlated
-0.11%
More
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