The price of Peloton Interactive Inc (NASDAQ:PTON) shares last traded on Wall Street fell -1.10% to $3.59.
PTON stock price is now -1.53% away from the 50-day moving average and -21.06% away from the 200-day moving average. The market capitalization of the company currently stands at $1.33B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On May 06, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $8 to quote $4, while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, Bruzzo Chris, Interim Co-CEO and President sold 14,879 shares of the company’s stock on Jul 01 ’24. The stock was sold for $49,075 at an average price of $3.30. Upon completion of the transaction, the Interim Co-CEO and President now directly owns 72,115 shares in the company, valued at $0.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 01 ’24, Interim Co-CEO and President Boone Karen sold 14,841 shares of the business’s stock. A total of $49,073 was realized by selling the stock at an average price of $3.31. This leaves the insider owning 116,171 shares of the company worth $0.42 million. A total of 11.49% of the company’s stock is owned by insiders.
During the past 12 months, Peloton Interactive Inc has had a low of $2.70 and a high of $9.87. The fifty day moving average price for PTON is $3.6282 and a two-hundred day moving average price translates $4.53955 for the stock.
The latest earnings results from Peloton Interactive Inc (NASDAQ: PTON) was released for 2024-03-31. The net profit margin was -28.28% and return on equity was -847.28% for PTON. The company reported revenue of $717.7 million for the quarter, compared to $748.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.17 percent.
