Peloton Interactive Inc (NASDAQ:PTON) shares traded -2.54% lower at $4.60 on Wall Street last session.
PTON stock price is now 21.00% away from the 50-day moving average and 6.54% away from the 200-day moving average. The market capitalization of the company currently stands at $1.73B.
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
With the price target enhanced from $4 to $5, Telsey Advisory Group maintained Market Perform rating for Peloton Interactive Inc (NASDAQ: PTON). On August 23, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $7 to quote $5, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Coddington Elizabeth F, Chief Financial Officer sold 36,819 shares of the company’s stock on Sep 16 ’24. The stock was sold for $174,408 at an average price of $4.74. Upon completion of the transaction, the Chief Financial Officer now directly owns 171,466 shares in the company, valued at $0.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Officer ELIZABETH F CODDINGTON bought 36,819 shares of the business’s stock. A total of $174,154 was incurred on buying the stock at an average price of $4.73. A total of 15.04% 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 $7.24. The fifty day moving average price for PTON is $3.8218 and a two-hundred day moving average price translates $4.3113 for the stock.
The latest earnings results from Peloton Interactive Inc (NASDAQ: PTON) was released for 2024-06-30. The net profit margin was -20.44% and return on equity was -847.28% for PTON. The company reported revenue of $643.7 million for the quarter, compared to $642.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.25 percent.
