PTON, BREAK OUT!
Hello fellow traders and investors, here's another trade idea.
This is an update on my previous idea on Peloton. Peloton has been selling off and has been respecting the downtrending channel and has recently broken out. If PTON makes a recovery to the take profit area it offers a 50% ROI.
Technicals:
The Macd indicates that it's oversold and in an uptrend
Bullish volume is getting exhausted and it looks like we might see a small correction.
When To Buy:
Now or when there's a corrective wave
When To Sell:
I recommend selling at its previous high
Fundamentals: PTON operates as an at-home fitness platform for live and on-demand indoor cycling classes. The company connected, technology, fitness, and the streaming of immersive, instructor-led classes for its clients. Peleton was made for busier individuals that want to go to the gym but Peleton makes the experience much better by for example reducing the commute, offering an in-home fitness session while still having an amazing instructor. Peloton has a P/E of 148 which definitely isn't great however there is a good reason for that, a P/S of 8.8 and it's because of their growth in sales of 140% Q/Q, an earnings per share growth of 85% Q/Q this growth can explain their valuation since the investors in this scenario are pricing this stock on what it will potentially be worth in the future, a short float of 6% and a profit margin of 5.80%.
Rating: 70/100 since the technicals look decent and so are the fundamentals
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
This is an update on my previous idea on Peloton. Peloton has been selling off and has been respecting the downtrending channel and has recently broken out. If PTON makes a recovery to the take profit area it offers a 50% ROI.
Technicals:
The Macd indicates that it's oversold and in an uptrend
Bullish volume is getting exhausted and it looks like we might see a small correction.
When To Buy:
Now or when there's a corrective wave
When To Sell:
I recommend selling at its previous high
Fundamentals: PTON operates as an at-home fitness platform for live and on-demand indoor cycling classes. The company connected, technology, fitness, and the streaming of immersive, instructor-led classes for its clients. Peleton was made for busier individuals that want to go to the gym but Peleton makes the experience much better by for example reducing the commute, offering an in-home fitness session while still having an amazing instructor. Peloton has a P/E of 148 which definitely isn't great however there is a good reason for that, a P/S of 8.8 and it's because of their growth in sales of 140% Q/Q, an earnings per share growth of 85% Q/Q this growth can explain their valuation since the investors in this scenario are pricing this stock on what it will potentially be worth in the future, a short float of 6% and a profit margin of 5.80%.
Rating: 70/100 since the technicals look decent and so are the fundamentals
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
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