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Peloton Shares Spike 21% As Turnaround Plan Takes Hold Overview The Bike and Tread maker has been working to improve its balance sheet and looks to be more focused on profitability than growth. The connected fitness company posted quarterly results that came in well ahead of expectations and delivered a mixed outlook for the year ahead. Peloton (NASDAQ: NASDAQ:PTON ) has returned to sales growth for the first time in nine quarters. Peloton (NASDAQ: NASDAQ:PTON ) said on Thursday It is digging itself out of the red and making progress out a slight sales increase for the first time in nine quarters as it slashed its overall losses. The beleaguered connected fitness company, which two board members have run since former CEO Barry McCarthy resigned earlier this year, saw sales grow by 0.2% during its fiscal fourth quarter. While only a modest uptick, it’s the first time Peloton (NASDAQ: NASDAQ:PTON ) posted year-over-year revenue growth since its 2021 holiday quarter. Peloton (NASDAQ: NASDAQ:PTON ) likewise indicated it’s ready to focus on profitability over growth with significant cuts to its marketing and sales spending and meaningful increases to free cash flow and adjusted EBITDA. Those cuts helped Peloton (NASDAQ: NASDAQ:PTON ) narrow its quarterly losses to $30.5 million from $241.1 million in the year-ago period. Peloton (NASDAQ: NASDAQ:PTON ) shares rose more than 21% in Thursday's trading. based on a survey of analysts by LSEG, Here’s how the Bike and Tread maker performed compared with what Wall Street was anticipating: Loss per share: 8 cents vs. 17 cents expected Revenue: $644 million vs. $631 million expected For the three-month period that ended June 30, Peloton (NASDAQ: NASDAQ:PTON ) significantly narrowed its losses. The company posted a loss of $30.5 million, or 8 cents per share, compared with a loss of $241.8 million, or 68 cents per share, a year earlier. Sales rose to $643.6 million, up about 0.2% from $642.1 million a year earlier. That’s only a $1.5 million increase, but Peloton (NASDAQ: NASDAQ:PTON ) did it at a time when sales are typically a bit slower for the company, because the quarter bleeds into the summer when people are more focused on going out and traveling than working out. The last time Peloton (NASDAQ: NASDAQ:PTON ) delivered YoY sales growth was during its holiday season in 2021, which is typically the company’s strongest quarter so far. Secondary Market Gains During the quarter, sales for Peloton’s pricy connected fitness hardware fell about 4%, continuing a trend for the company. But subscription revenue rose by 2.3%, and the segment’s gross margin increased by 1 percentage point. Though hardware sales were down, Peloton (NASDAQ: NASDAQ:PTON ) is growing its subscription revenue through the secondary market where people can buy used stationary bikes for a fraction of the cost of a new one. During the quarter, subscription revenue from hardware purchased on the secondary market grew 16% year over year. While hardware sales have hurt Peloton’s overall performance, sales for its Tread are growing after it overcame a costly recall. During the quarter, sales from Peloton’s treadmill portfolio grew 42% YoY. Peloton (NASDAQ: NASDAQ:PTON ) is also seeing some positive omens in its Bike rental program, which allowed it to clear through a glut of inventory. During the quarter, average net monthly paid subscription churn for rentals was down 1.1 percentage points. Demand has been so steady, it no longer has the refurbished inventory levels necessary to supply that side of the program. The company ceased offering its original Bike rental program on Aug. 1 and since then, has seen demand grow for its Bike+ rental, refurbished original Bike sales and financed new Bike sales. “These alternative programs have stronger unit economics than original Bike rental, with more cash paid upfront and a stronger retention profile,” the company said in its shareholder letter. Ever since Peloton’s pandemic heyday came to an end, the company has struggled to generate free cash flow and ensure it has enough assets on its balance sheet to cover its many liabilities. Earlier this year, it announced a sprawling restructuring plan that included cutting 15% of the company’s global workforce to achieve $200 million in annualized cost savings by the end of fiscal 2025. Those efforts are starting to bear fruit. During the quarter, Peloton (NASDAQ: NASDAQ:PTON ) delivered adjusted EBITDA and free cash flow for the second consecutive quarter – a feat it had not pulled off since the height of the Covid-19 pandemic. It posted $70 million of adjusted EBITDA, far more than the $53 million that analysts had expected, according to StreetAccount. That metric was up $105 million compared with the year-ago period and $64 million quarter over quarter. The company also generated $26 million in free cash flow, compared with negative $74 million in the year-ago period and $8 million in the prior quarter. Improvements to Peloton’s balance sheet come after the company completed massive refinancing of its debt that staved off a looming liquidity crunch and pushed out its debt maturities by several years. Peloton (NASDAQ: NASDAQ:PTON ) noted that the search for its next CEO is “top of mind for all stakeholders.” “The process is well underway and we look forward to sharing more when we have an announcement,” it said. Profit over growth For the year ahead, Peloton (NASDAQ: NASDAQ:PTON ) is planning to invest in its hardware and software to deliver a better user experience, among other initiatives. However, its guidance assumes that investments in these new initiatives “will not deliver subscriber growth within the fiscal year,” indicating Peloton (NASDAQ: NASDAQ:PTON ) may finally be shifting its focus away from growth in favor of profitability and free cash flow generation. That’s evidenced by its reductions to sales and marketing spending — an expense that has long dragged down Peloton’s balance sheet and has been criticized as being too high for the company’s size. During the quarter, Peloton (NASDAQ: NASDAQ:PTON ) cut sales and marketing spending by $25.5 million, or 19% year over year. It said it expects to continue to make reductions to its marketing budget throughout fiscal 2025. For the current quarter, Peloton (NASDAQ: NASDAQ:PTON ) is projecting sales to be worse than Wall Street expected but is guiding to higher-than-forecast adjusted EBITDA. The company said it anticipates sales to be between $560 million and $580 million, compared with estimates of $609 million, according to LSEG. It’s expecting to post adjusted EBITDA of $50 million to $60 million, compared with estimates of $45 million, according to StreetAccount. Street Account analysts had expected the number of connected fitness subscribers to be 2.96 million during the current quarter, but Peloton projects a range of 2.88 million to 2.89 million instead. According to LSEG, for the full year Peloton ( NASDAQ:PTON ) expects sales to be between $2.4 billion and $2.5 billion, compared with estimates of $2.7 billion. Technical Outlook As of the time of writing, Peloton (NASDAQ: NASDAQ:PTON ) stock has experienced a significant increase of 24%. This rise has led to the stock being currently overbought, as indicated by its Relative Strength Index (RSI), which stands at 71. The daily price chart shows a gap up pattern, which is a strong indicator of a potential bullish reversal in the stock's performance. Furthermore, the Moving Average Convergence Divergence (MACD) is recorded at 0.097, which points to a slight bullish momentum in the market. This suggests that there is some upward pressure on the stock, reflecting a positive sentiment among investors. In addition to these indicators, it is noteworthy that Peloton's stock is trading above both the 50-day and 100-day moving averages, reinforcing the notion that the stock is currently in a strong upward trend. This combination of factors highlights the current bullish outlook for Peloton in the market.
NASDAQ:PTONLong
by DEXWireNews
PTON Peloton Interactive Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PTON Peloton Interactive prior to the earnings report this week, I would consider purchasing the 8usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $1.45. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. PTON might be a buyout this year. From one of these giants: AAPL, AMZN or NKE!
NASDAQ:PTONLong
by TopgOptions
PTON Peloton Interactive Options Ahead of EarningsIf you haven`t sold the massive Head and Shoulders Bearish chart patter: Or reentered ahead of a previous earnings spike: Then analyzing the options chain and the chart patterns of PTON Peloton Interactive prior to the earnings report this week, I would consider purchasing the 7usd strike price at the money calls with an expiration date of 2023-8-25, for a premium of approximately $0.72. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:PTONLong
by TopgOptions
1
Peloton at support? Peloton Short Term We look to Buy at 8.60 (stop at 7.82) Expect trading to remain mixed and volatile. Previous support located at 8.60. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 11.02 and 13.49 Resistance: 11.30 / 14.70 / 20.00 Support: 8.60 / 5.00 / 2.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:PTONLong
by Saxo
Peloton bottoming?Peloton Short Term We look to Buy at 8.83 (stop at 8.07) Expect trading to remain mixed and volatile. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 11.28 and 13.49 Resistance: 11.30 / 14.70 / 20.00 Support: 8.70 / 5.00 / 2.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading . The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:PTONLong
by Saxo
1
PTON:Due for some bullish relief!Peloton Short Term - We look to Buy at 8.66 (stop at 7.14) We are trading at oversold extremes. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 12.95 and 15.00 Resistance: 13.00 / 15.00 / 20.00 Support: 8.50 / 5.00 / 2.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:PTONLong
by VantageMarkets
Peloton correction coming?Peloton Short Term - We look to Buy at 11.87 (stop at 11.05) Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous support located at 12.00. We look for a temporary move higher. Our profit targets will be 14.31 and 15.49 Resistance: 14.50 / 15.80 / 24.50 Support: 12.00 / 10.00 / 5.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:PTONLong
by Saxo
Peloton: Pedalling all the way down!!Peloton Short Term - We look to Sell at 14.90 (stop at 21.60) The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 15.00 resulting in improved risk/return. Worse than expected earnings will add to bearish confluence. Our profit targets will be 0.00. (Technical Crash) Resistance: 15.00 / 17.00 / 19.00 Support: 10.00 / 8.00 / 6.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:PTONShort
by VantageMarkets
PTON Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
NASDAQ:PTONLong
by hadimozayan
4
As requested, we'll study PTON today!As a request from my buddy @ke-3a, I’ll analyze PTON today! In the 30min chart it did break the 104.50, a pivot point, and reversed the sentiment nicely. Now, it may seem PTON just hit its target at 110.56, and is starting to look overbought again, as the RSI is quite high too. But this is not true in the 4h chart. The chart is pointing up, and the momentum seems good. We have a line connecting the bottoms in red, the 20ma is a support too, and the most interesting part: PTON hit the $ 102.56 and it is going up again. The 102.56 was a resistance a few days ago. The problem is the RSI that did an advanced breakdown. So, if I had PTON, how would I proceed? A correction in the 30min is expected, maybe to the 107 again, but it must not break the 102. If this happens, we’ll see a head and shoulders + advanced breakdown, and I would just get out of it. But the 113.91 is another pivot point, and if PTON breaks it, the 125 is our next stop. I would hold it and look at these points. I hope it helps! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:PTON
by UnknownUnicorn21312077
6
PTON on the way to $200Great chat to take a look at today "PTON" -We can see the ascending trendline and the Support resistance zone as the two key elements to understand this chart The Ascending trendline represents the asset's long-term bullish trend, and we can see how the price is accelerating and taking distance from it. -The Support Resistance zone was the previous level in which a huge corrective structure was formed (ABC pattern) -After the breakout of it and a bullish impulse, we saw a corrective structure (smaller ABC pattern) finding support on the previous zone -Now we had a breakout of the small structure, and we expect a continuation of the bullish movement towards 184.86 (First target in which we will move our stop loss to break-even) and then to the final target 205.5, where we will close our long setup -The setup we developed was Entry above "B" and Stop below "C" (of the small corrective structure) / Break-Even and Take profit were explained on the previous items
NASDAQ:PTONLong
by ThinkingAntsOk
2
Peloton officially VOIDED its bullish pattern.Update from yesterday's PTON chart analysis: Peloton has officially broken its upward climb with a fall under the 125-126 support level. Although I like this as a long term investment, the short term is looking like a sideways/downward trend. If you plan to play calls, I would look for end of year expirations. Peloton can benefit from the winter months if COVID cases surge, gyms close but for now I think the ceiling is 136-137.
NASDAQ:PTONLong
by ThaMoneyHunter
5
Peloton continuation pattern.Peloton showing testing of its support levels. NASDAQ:PTON In danger to falling under its bull upward pattern. Volumes have been decreasing steadily so i would like to see this keep going but i feel like it has reached its top price of 139-139.90. Support at 126.50-127 and if it breaks lower, it could test 125-123-120. For short term traders, this would not be good but for the long term investors, a great entry would be any price under $120 imo. Curious to see how this plays out. Impeccable run by $PTON thus far!!
NASDAQ:PTONShort
by ThaMoneyHunter
Peloton (PTON): The Apple and Netflix of the Fitness IndustryIf you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight. What is Peloton Interactive (PTON)? - Peloton is a home fitness company that offers fitness products such as an indoor cycle, and a treadmill, as well as live workout content - Peloton is similar to Apple (AAPL) in that it promotes the establishment of a hardware-based ecosystem - It’s also similar to Netflix (NFLX) in that it offers various fitness content in subscription form Financials - They initially anticipated $1.72 billion in revenue for 2020, which has been modified to $1.74 billion due to their explosive growth - This means that PTON demonstrates a 89% year-over-year growth in revenue - Out of their total revenue, 79% consists of sales of connected fitness products, and 20% from their subscription service - PTON is one of the few stocks that has benefited from the pandemic. - With an increasing number of people staying indoors, wanting to exercise, demand for Peloton’s products and services skyrocketed. - Due to the Coronavirus (COVID-19), they have managed to be profitable for the fourth quarter with an Earnings per Share (EPS) at 27 cents. - While they are not extremely profitable yet, as PTON is a growth stock, the fact that they have $500 million in cash proves that they will be financially stable for the short term. Business Analysis - The fitness machines sold by Peloton are not normal indoor cycles and treadmills with screens attached - These fitness machines, which cost $2,245 and $4,295, apply cutting-edge technology that allow users to meticulously control the angle and resistance. - Moreover, these products provide accurate data on the user’s athletic performance. - The hardware provided by Peloton Interactive are optimized for the contents they provide. - PTON’s instructors are 30 of the most famous fitness influencers on social media. - As such, they could expand their streams of revenue to paid advertisements, and ecommerce opportunities, diversifying the business. - They offer two subscription plans: - A ‘Connected Fitness’ plan based on the hardware they offer - And a digital membership that is offered separately - Connected Fitness allows users to participate in live cycling sessions, and receive immediate feedback from the instructor - The number of users subscribing to Connected Fitness is skyrocketing, with a 94% increase in users compared to that of the last quarter - The number of subscribers for Connected Fitness surpassed 1 million in 2020 May - The digital membership subscription does not require a Peloton hardware, and offers various types of content besides running and cycling, such as yoga, meditation, and boot camps. - Their customer churn rate remains extremely low at 0.65% every quarter, while the number of users continue to grow every quarter Technical Analysis - We can see that prices have been in a phase of accumulation for a long time since later 2019 - As prices traded within a descending parallel channel, we saw a sharp breakdown caused by the market drop, which was triggered by the Corona Virus (COVID-19) - Unlike other companies that were severely affected by the virus, the pandemic was an opportunity for Peloton to grow. - As a result, we saw prices break through the $40 resistance zone, and rally in a parabolic trend - Along the way, it has undergone a phase of re-accumulation, before reaching its all-time high at $91.17 - Currently, we have seen prices cool off, bouncing at $79.34 where the 0.236 Fibonacci support and parallel channel trend line support converge - The 20 Simple Moving Average (SMA) is also a good indicator of PTON's bullish trend, as well as strong support. - Based on fundamentals, unless we see a corrective confirmation below $80, we could anticipate new all-time highs for PTON. Conclusion Peloton is on its way to completing a hierarchical process of 'hardware-software-content-community' funneling users into their ecosystem. This ecosystem that Peloton is designing has been attempted by many, but successfully done by only a few. With the development of each elements and growth as a whole, we could expect a huge augmentation in the barrier to entry. One thing to note about growth stocks such as PTON is that the essence of the business is rooted on tech. To say Peloton Interactive (PTON) is another fitness-related company like Fitbit (FIT) is to compare Amazon (AMZN) to bookstores and Tesla Motors (TSLA) to automotive companies.
NASDAQ:PTONLong
by Michael_Wang_Official