The shares plummeted after CNBC reported that the connected fitness company is temporarily stopping production of its products, and they were halted for volatility multiple times. Shares of Peloton closed down 23.9% at $24.22 on Thursday, wiping roughly $2.5 billion off of its market value.
Should you buy peloton before it goes back up?
Jan 20, 2022 · What happened. The news at Peloton Interactive ( PTON 4.29% ), a one-time darling of the pandemic trade, went from bad to worse on Thursday, as media reports described first a planned layoff of 41 ...
Why you should buy the dip in peloton?
Jan 20, 2022 · Around mid-March of 2020, near the onset of the pandemic, Peloton shares were hovering around $23, as the broader market was tumbling …
Is it time to buy peloton?
Dec 27, 2021 · Peloton's stock price dropped by -53% in November 2021 and its share price remained depressed in December, due to weaker-than-expected fiscal 2022 management guidance and an unexpected public...
Is Peloton Interactive stock a buy this month?
Apr 21, 2021 · What happened. Shares of Peloton Interactive (NASDAQ: PTON) continued a slide today that has clipped about 13% off its stock price in the last week. Shares dropped another 4% as of 11:30 a.m. EDT ...
What has happened to Peloton?
Peloton's stock plummeted following its 2019 holiday ad Public outrage over the ad sent Peloton's stock plunging 9%, wiping out $942 million in market value in a single day. But Peloton stood by the commercial, issuing a statement saying it was "disappointed" by how people had "misinterpreted" the ad.Feb 12, 2022
Is Peloton losing popularity?
Peloton stock has been on the wane after having a monster 2020. The fitness platform has seen increased competition as more people return to in-person gyms and workout classes. More companies offering connected-fitness products have entered the market as well.Mar 22, 2022
What is Peloton wife?
The interesting part is, for many people, “Monica Ruiz” and “The Peloton Wife” became one-and-the-same and not just an actress playing a part. Even though the whole world wanted to hear from the “Peloton Wife,” Monica only granted one interview on the topic with The Today Show.Dec 18, 2020
Why did Peloton stock go up?
Peloton enjoyed booming demand for its exercise bikes and treadmills during the early stages of the pandemic. Its stock price soared along with its sales.Mar 15, 2022
What happened
Shares of Peloton Interactive (NASDAQ: PTON) continued a slide today that has clipped about 13% off its stock price in the last week. Shares dropped another 4% as of 11:30 a.m. EDT Wednesday, as the company continues to push back against calls to recall its treadmills over a safety question.
So what
Peloton became a stock market favorite as a stay-at-home play during the pandemic with consumer demand exploding for its indoor exercise bikes and treadmills along with an online subscription trainer app.
Now what
The company is not backing down, however. Peloton initially called the CPSC advisory inaccurate and misleading. And Foley said in a letter to customers that the company didn't plan to recall or stop selling the equipment.
The Motley Fool
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
NASDAQ: PTON
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
What happened
Shares of connected-fitness company Peloton Interactive ( PTON 4.82% ) got absolutely smashed on Friday following the release of financial results for the first quarter of its fiscal 2022. Results were actually in line with guidance, but full-year guidance was revised lower, to investors' dismay. As of 10 a.m.
So what
For the first quarter, management had guided for revenue of $800 million, 2.47 million connected-fitness subscriptions, and negative earnings before interest, taxes, depreciation, and amortization ( EBITDA) of $285 million.
Now what
Previously, Peloton guided for fiscal 2022 revenue of $5.4 billion and 3.63 million connected-fitness subscriptions. Now the company is hoping for revenue of $4.4 billion to $4.8 billion and 3.35 million to 3.45 million active connected-fitness subscriptions by the end of the year.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
Peloton stock hits a wall
Despite being known for stationary exercise equipment, the fast-moving Peloton has managed to run into a wall. PTON stock fell 33.5 percent in the first 1.5 hours of trading on Nov. 5. The overnight sell-off occurred during a post-market-close earnings report that shows Peloton in a compromising fiscal position.
PTON's earnings data disappoints shareholders
In Peloton's earnings report for the first quarter of fiscal 2022, the at-home workout company cut its annual sales forecast by a major $1 billion. The move caused more than four stock analyst firms to downgrade PTON.
Pandemic baby PTON needs some direction
Peloton was one of the golden stocks amid the COVID-19 pandemic. With gyms and offices closed, Americans used the company's treadmills and bikes with subscription-based classes to work out at home.
Will PTON recover?
Analysts are torn about PTON's long-term capacity. The outcome depends on Peloton's ability to expand its offerings as needed. In the meantime, the stock—currently priced at $57.16—still has a 63 percent long-term upside on Tipranks despite numerous downgrades.
