#5 - Peloton (NASDAQ:PTON)
At first glance, Peloton Interactive Inc. (NASDAQ: PTON)'s inclusion on this list may be dismissed as a typical short-squeeze play, which could explain some of the recent volatility in its stock price. The stock has seen impressive gains—up to 93%—in recent months, and has risen significantly over a six-month period.
However, with PTON stock now trading above $9 per share, this may be a time for option traders to get involved. Peloton's business model relies on a combination of hardware sales and subscriptions. However, its subscription base has been shrinking for several years, likely due to cost-conscious consumers cutting the $44 monthly fee from their budgets.
And although Peleton is moving closer to profitability, it continues to report negative per-share earnings and is expected to remain unprofitable in the near term. This has contributed to short interest in Peloton stock exceeding 15%, with analysts forecasting potential downside in the months ahead.
About Peloton Interactive
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, Peloton Tread+, Peloton Guide, and Peloton Row names.
Read More - Current Price
- $8.63
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 16 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $6.97 (19.3% Downside)
