See our interactive evaluation Peloton Valuation: Costly Or Low cost? for an in depth have a look at Peloton’s valuation and financials.
[12/31/2020] Peloton Inventory Updates
Whereas Peloton’s (NASDAQ: PTON) inventory noticed a giant sell-off after information of Pfizer’s Covid-19 vaccine in early November 2020, the inventory is now up a stable 50% since then and is up by roughly 35% over December alone. So what are the traits driving Peloton’s surge? Firstly, the workout-from-home development has continued to rise, and demand for Peloton’s merchandise continues to considerably outstrip provide. For instance, the premium Bike+ train bike has seen supply timelines slip to 10 weeks at present. Secondly, Peloton was not too long ago added to the Nasdaq 100 inventory index. This transfer ends in increased demand for the inventory from index funds monitoring the Nasdaq. Thirdly, the corporate introduced final week that it might be buying Precor – one of many world’s largest industrial health tools suppliers. That is being seen very positively for a few causes.
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