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When the COVID-19 pandemic began in March 2020, Peloton Interactive (PTON 0.23%) stock was trading at around $25 per share. By the end of that year, it soared to over $150 as demand for the company's at-home exercise equipment exploded.Today, Peloton stock is down more than 97% from that peak, and it trades near its all-time low of about $4. Since society is now free from the pandemic-era restrictions that shut down gyms and limited outdoor activities, demand for Peloton's products has plunged.The company i ...

Things just seem to be getting worse for Peloton Interactive (PTON 8.96%). The connected fitness company's sales have plummeted, and there's been limited progress under new leadership.Peloton stock fell after its latest earnings report, but there are still signs of life. Is there any reason to be hopeful here? Actually, yes.Grasping at straws?Peloton fielded outsized demand for its connected fitness equipment in the early stages of the pandemic when people, even fitness enthusiasts, were stuck at home. It m ...

Key PointsLast week, Peloton shares fell to an all-time low of $4.10 following a fiscal 2024 second quarter earnings report that the market found far from exhilarating.A pressing need to spend on new product development and marketing will make spinning a profit difficult for Peloton in the years ahead.Despite the troubles, takeover speculation and technical oversold conditions may be two big reasons to take a chance on PTON shares. 5 stocks we like better than Peloton InteractiveA month ago, Peloton Interac ...

The market continues to make new all-time highs, but the gains remain lopsided. Some stocks, such as Meta Platforms (NASDAQ:META) are soaring. Yet others, like Moderna (NASDAQ:MRNA), continue to sink. The reality is that mega-cap technology stocks are driving the market at the expense of small-cap stocks and just about every sector of the economy. Fourth-quarter 2023 earnings season hasn’t helped level the playing field. Several well-known companies are seeing their share prices dive after delivering disapp ...

Peloton's (PTON -3.77%) stock closed at its record high of $167.42 on Jan. 13, 2021. That marked a 477% gain from its IPO price of $29 on Sept. 26, 2019. At the time, the bulls were dazzled by the exercise bike maker's explosive growth rates.Peloton's revenue doubled in fiscal 2020 (which ended in June 2020) and surged 120% in fiscal 2021. Most of that growth was driven by the pandemic, which forced people to stay at home and caused brick-and-mortar gyms to shut down. But after the pandemic ended, its reven ...

On Thursday morning, Peloton Interactive (PTON 0.71%) reported the results from its fiscal 2024 second quarter, and the numbers weren't great. For the period, which ended Dec. 31, revenue declined 6% year over year and the business posted a net loss of $195 million, which was worse than the three months prior. In response to the report, traders sent Peloton's stock down by more than 20%. From its early 2021 peak, it is currently down more than 97%.Nonetheless, risk-tolerant investors might be ready to take ...

Like bargains? Check out Peloton Interactive (PTON 0.71%). Shares of the fitness equipment and related tech company are down an incredible 97% from their early 2021 peak.Yes, this is the same Peloton that just reported a 6% year-over-year slide in its fiscal second-quarter revenue, setting up more losses. Specifically, its Q2 top line of $744 million fell from the year-ago comparison of $793 million, leading to a loss of $195 million. That loss is smaller than the year-ago comparison.Guidance for the fiscal ...

Week to date, shares of Peloton Interactive (PTON -0.12%) were down 27% through Thursday's market close, according to data provided by S&P Global Market Intelligence. The company's progress in turning the business around has been slower than investors hoped, which has continued to weigh on the stock's performance in 2024.The latest earnings report for the quarter ending in December showed improving profitability, but the biggest problem continues to be a lack of growth for Peloton's products, and there may ...

Peloton Interactive, Inc. (PTON) reported second-quarter fiscal 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Despite reporting better-than-expected results, the company’s shares tanked 24.3% on Feb 1, as the company’s guidance hurt investors’ sentiment.Earnings and RevenuesPTON reported adjusted loss per share of 54 cents, narrower than the Zacks Consensus Estimate of a loss of 55 cents. Revenues for the quarter under review came in at $743.6 million, beating the ...