STOCKS TELEGRAPH

Tag: PTON stock

  • Early Morning Vibes: 4 Solid Stocks for Wednesday Trading Session

    Early Morning Vibes: 4 Solid Stocks for Wednesday Trading Session

    Good Morning

    On December 22, the American stock indexes finished trading in different directions. The S&P 500 dropped by 0.21% to 3687 points, the Dow Jones fell at a rate of 0.67%, while the NASDAQ climbed at 0.51%. Consumer confidence was significantly worse than expected. The tech sector became the leader of growth with a result of 0.86%; Apple shares acted as the engine, rising in price by 2.85%. The communications sector was one of the outsiders, losing 0.99%.
     

    Corporate Highlights

    Peloton Interactive (PTON: + 11.7%) buys exercise equipment manufacturer Precor for $ 420 million to increase production capacity.
     

    Revenue and EPS CarMax (KMX: -8.1%) were better than expected, but profit margins fell, and demand weakened at the end of the quarter due to COVID-19.

    Sports goods retailer Sportsman’s Warehouse Holdings (SPWH: + 39.6%) will be acquired by the Great American Outdoors Group.
     

    Today, world stock exchanges are showing mostly positive dynamics. The focus of attention is the unexpected statement by Donald Trump about his intention to change the parameters of the economic aid package, for which Congressmen voted yesterday. The current president believes that the one-time payment to the population should be increased from $ 600 per person to $ 2,000. Joseph Biden also noted that it is necessary to expand stimulus measures. Additional cash payments to the population should be included in the next package of assistance to the economy. Most likely, Trump will still sign the bill in the coming days.
     

    New strains of coronavirus continue to cause concern for investors, although virology experts believe that the vaccines available today are effective against the mutated COVID-19. Representatives of AstraZeneca and BioNTech agree.

    Nevertheless, full-fledged research has not yet been carried out. There is no complete confidence in this issue. In general, the news background is close to neutral, but the publication of the macrostatistics block may shift the balance in one direction or another.
     

    Economic Highlights
     

    Today there are weekly data on the number of initial applications for unemployment benefits. The indicator is expected to remain at the level of the previous week – 885

    thousand. If the actual value turns out to be above 893 thousand, it will become the highest since August. The labor market situation remains challenging. More than 5.5 million Americans are currently receiving unemployment benefits.

    Also, the indicator of the expenses of individuals for November will be published. Against the backdrop of new quarantine restrictions, consumption is expected to decrease.
     

    By 0.2% compared to October levels, which will be the first negative value since April. A month earlier, expenses increased by 0.5%.

    Today Top Movers‎

    ‎‎‎Hexo Corp (HEXO)‎‎ share price gaining 300.00% at $4.08 in early morning trading session today following its declaration of lapse of base shelf prospectus.‎‎ ‎

    ‎‎‎Ocugen, Inc (OCGN)‎‎ increasing 83.81% at $1.48 during premarket trading on Wednesday after the company and Bharat Biotech declared the signing of binding letter of intent (LOI) to co-develop Bharat Biotech’s COVID-19 vaccine candidate, COVAXIN, for the United States market.‎‎ ‎

    ‎‎‎Jaguar Health Inc (JAGX)‎‎ is up 52.85% at $0.61 in today’s premarket trading session after declaring the voting results of Jaguar’s December 9, 2020 in the Special Meeting of Stockholders.‎‎ ‎

    ‎‎‎Onconova Therapeutics Inc (ONTX)‎‎ share price changing with the gain of 38.76% at $0.59 in premarket trading on Wednesday after announcing FDA Permission for study to proceed under its investigational new drug application for Multi-kinase CDK4/6 Inhibitor ON 123300.

    Top Upgrades & Downgrades


    Truist Securities turned bullish on Pioneer Natural Resources Company (PXD), upgrading the stock to “Buy” and assigning a $135.0 price target.
     

    Rent-A-Center Inc. (RCII) has won the favor of Loop Capital’s equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $50.
     

    Illumina Inc. (ILMN) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $415.0. They changed their rating on ILMN to Overweight from Neutral in a recently issued research note.
     

    Earlier Wednesday BMO Capital reduced its rating on Fubotv Inc (NYSE: FUBO) stock to Market Perform from Outperform and assigned the price target to $50.
     

    Canaccord Genuity analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Paysign Inc (NASDAQ: PAYS) has been changed to Hold from Buy and the new price target is set at $5.
     

    Analysts at BMO Capital downgraded IAC/Interactivecorp (NASDAQ: IAC)’s stock to Market Perform from Outperform on Wednesday.

    Latest Insider Activity


    FireEye Inc. (FEYE) EVP and General Counsel King Alexa announced the sale of shares taking place on Dec 21 at $20.03 for some 56,532 shares. The total came to more than $1.13 million.
     

    Apartment Investment and Management Company (AIV) Director STEIN MICHAEL A sold on Dec 21 a total 0 shares at $4.70 on average. The insider’s sale generated proceeds of almost $0.22 million.
     

    GameStop Corp. (GME) 10% Owner Cohen Ryan declared the purchase of shares taking place on Dec 18 at $15.97 for some 756,089 shares. The transaction amount was around $12.08 million.
     

    Upstart Holdings Inc. (UPST) 10% Owner Loeb Daniel S bought on Dec 18 a total 13,381,222 shares at $20.00 on average. The purchase cost the insider an estimated $24.0 million.

    Earnings To Watch


    Top US earnings releases scheduled for today include Paychex Inc. (NASDAQ:PAYX). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.66 per share from revenues of $954M in the three-month period.
     

    Analysts expect Bridgeline Digital Inc. (NASDAQ:BLIN) to report a net income (adjusted) of $0.03 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2020 is predicted to come in at $2.64M.

  • Leisure Stocks’ Future After Vaccine News

    Leisure Stocks’ Future After Vaccine News

    The impact of the Covid-19 recession is unequal. Millions of people in the leisure and travel industries remain unemployed. In the first three quarters of 2014, deal volume in the broader leisure sector, which includes restaurants, hotels and hospitality, gyms, and gaming, fell 49% while value dropped 46% to just 292 deals worth US$39.8 billion. After several large deals were announced in October and November as the exchange responds positively to the news on vaccine developments and gains confidence in recovering, a rebound is due in the fourth quarter.

    Peloton Interactive Inc. (NASDAQ:PTON) shares were trading up 4.87% at $134.00 at the time of writing on Wednesday. The firm announced on December 9, 2020, that it is adding 103,750 square feet of space to its Peloton Plano Campus.

    Peloton Interactive Inc. (NASDAQ:PTON) share price went from a low point around $17.70 to briefly over $139.75 in past 52 weeks, though shares have since pulled back to $134.00. PTON market cap has remained high, hitting $39.50B at the time of writing, giving it price-to-sales ratio of more than 10.

    If we look at the recent analyst rating PTON, Telsey Advisory Group reiterated coverage on PTON shares with an Outperform rating and a $135.67 price target, which implies room for 1.67% upside momentum this year.

    Drive Shack Inc. (DS) last closed at $2.83, in a 52-week range of $0.86 to $4.19. The firm recently reported that it will reopen its 65,000-square-foot entertainment golf venue located in Orlando on December 18, 2020. Analysts have a consensus price target of $4.00.

    Mattel Inc. (MAT) stock soar by 3.84% to $17.84. On December 9, 2020, Mattel revealed the appointment of Jonathan Anschell as Executive Vice President, Chief Legal Officer, and Secretary, effective Jan. 1, 2021. The most recent rating by Citigroup, on December 09, 2020, is at a Neutral.

    American Outdoor Brands Inc. (NASDAQ:AOUT) Shares headed rising, higher as much as 11.05% after releasing its financial results for the second quarter fiscal 2021, ended October 31, 2020. The most recent rating by CLSA, on November 18, 2020, is at a Buy.

    Nautilus Inc. (NYSE:NLS) rose 0.73% after gaining more than $0.13 on Wednesday following the announcement from the company that it has received a CES® 2021 Innovation Award for the Bowflex® VeloCore™ bike.

    Hasbro Inc. (HAS) last closed at $94.76, in a 52-week range of $41.33 to $109.50. Analysts have a consensus price target of $99.69.

    Callaway Golf Company (ELY) stock soar by 2.45% to $24.24. The most recent rating by Compass Point, on October 30, 2020, is at a Buy.

    Carnival Corporation & Plc (NYSE:CUK) Shares headed rising, higher as much as 0.16%. On December 1, 2020, the company declared Peter C. Anderson as a Section 16 Named Executive Officer. The most recent rating by Berenberg, on July 29, 2020, is at a Hold.

    Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH) rose 0.41% after gaining more than $0.05 on Wednesday. The company on December 3, 2020 reported financial results for the thirteen and thirty-nine weeks ended October 31, 2020.

    Six Flags Entertainment Corporation (SIX) last closed at $32.87, in a 52-week range of $8.75 to $46.67. On December 8, 2020, the firm revealed that its Board of Directors has elected Selim Bassoul to succeed Richard Roedel as non-executive Chairman of the Board of Directors. Analysts have a consensus price target of $28.27.

    Funko Inc. (FNKO) stock soar by 6.82% to $11.75. The most recent rating by Piper Sandler, on December 04, 2020, is at an Overweight.

  • Here’s Why You Should Hold Peloton (NASDAQ: PTON) Stock In Your Portfolio

    Here’s Why You Should Hold Peloton (NASDAQ: PTON) Stock In Your Portfolio

    Peloton Interactive Inc. (NASDAQ: PTON) has announced it has decided to expand its lineup and reduce the price of its core exercise bike by 16% this week. This move allows Peloton Interactive to resolve complaints about the changing sticker shock.

    The company has disclosed that it will reduce the price of its core bike by $350 to $1,895. It has also announced that it will be refunding the customers due to the reduction in the prices. Peloton Interactive will also introduce more premium options for customers.

    The new Bike+ of Peloton will cost $2,495 and also has a feature of a rotating tablet screen that will more easily allow people to engage in Peloton’s bike workouts and floor-based workouts. Peloton aimed to attract new customers by cutting the prices and launching new products. The company said that its main goal is to be the go-to-at-home solution for as many people as possible.

    Peloton Interactive has announced one more exciting news for its customers. It has disclosed that its new treadmill which is affordable will be available to customers in early 2021. Its existing treadmill which will be renamed Tread+ has a selling price of $4,295 but the new treadmill will have the selling of $2,495. Peloton has fulfilled its promise it has made earlier after announcing the new cheaper products and by reducing the prices.

    Peloton Interactive (NASDAQ: PTON) traded up 6.16% after gaining +4.97. It has a closing price of $85.60. In the past 52-weeks of training, this company has recorded the 52-weeks low and high range of $17.70 and $92.50, respectively. It has traded up 383.62% from its 52-weeks low and traded down -7.46% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 3.30. Peloton Interactive market capitalization has remained high, hitting $24.74 billion at the time of writing.

    The company has also unveiled that it has decided to host the Virtual Investor and Analyst session on Tuesday, September 15, 2020. The company’s management will give presentations in the virtual session and will be webcast live and available over the internet.

  • Here’s Why Peloton Interactive Inc. (NASDAQ: PTON) Stock Skyrocketed Today

    Peloton Interactive Inc. (NASDAQ: PTON), a provider of interactive fitness products is heading toward the new era of growth. The Goldman Sachs has uplifted the price target of Peloton Interactive from $84 to $96 on Wednesday, moving its shares to the record high-level and maintained a buy on Peloton.

    Heath Terry said that he believed that the fitness maker will beat the estimate of analysts and add new subscribers in Q4. Heath Terry forecasted that the Peloton will add 208,000 new subscribers while the Street is estimating that Peloton will add 199,000 new subscribers.

    Peloton Interactive Inc (NASDAQ: PTON) share price went from a low point around $17.70 to briefly over $77.46 in the past 52 weeks, though shares have since pulled back to $76.67. Peloton has gained +0.71 in the trading session on Monday. Peloton Interactive has traded up 33.16% from its 52-weeks low and traded down -1.01% from its 52-weeks high.

    Peloton has seen a sharp increase in the demands of its fitness services and products as customers now preferred to stay at home amid the COVID-19 pandemic. Peloton has made the addition of 176,600 paying subscribers in the Q3, representing the 64% YOY growth of the Company.

    Looking at its profitability, its return on investment (ROA) is 37.60%. Its Gross Margin is 44.90%. Moving towards its sales it has reported the sales of 1.44 billion. It had a trading volume of 15.74 million as compared to the average volume of roughly 7.64 million. Turing our focus on its liquidity, it has a current ratio of 3.30. Likewise, its quick ratio is 3.00. Peloton Interactive market capitalization has gained high, hitting $20.10 billion.

    Peloton Interactive, Inc. (PTON) was in 50 hedge funds’ portfolios at the end of June. The all-time high for these statistics is 48. The analyst also expected that the revenue will be $630.2 million in the QR of PTON. While Terry believes the revenue of PTON reaches $3.65 billion, $4.34 billion, and $6.03 billion over the next three FY respectively.