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Peloton Stock Bearish Momentum With A 31% Fall In The Last 21 Sessions

(VIANEWS) – Shares of Peloton (NASDAQ: PTON) dropped by a staggering 31.1% in 21 sessions from $13.86 at 2023-03-03, to $9.55 at 11:42 EST on Wednesday, after two sequential sessions in a row of gains. NASDAQ is jumping 0.12% to $11,874.33, after two consecutive sessions in a row of gains.

Peloton’s last close was $9.86, 69.32% below its 52-week high of $32.14.

About Peloton

Peloton Interactive, Inc. operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. As of June 30, 2022, it had approximately 6.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.

Earnings Per Share

As for profitability, Peloton has a trailing twelve months EPS of $-2.14.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -229.75%.

Growth Estimates Quarters

The company’s growth estimates for the present quarter and the next is 79.7% and 91.8%, respectively.

Revenue Growth

Year-on-year quarterly revenue growth declined by 30.1%, now sitting on 3.05B for the twelve trailing months.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Peloton’s stock is considered to be overbought (>=80).

Yearly Top and Bottom Value

Peloton’s stock is valued at $9.55 at 11:42 EST, way below its 52-week high of $32.14 and way higher than its 52-week low of $6.66.

More news about Peloton (PTON).

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