Peloton had a debt cliff approaching in 2026 when a convertible note was set to come due. The company managed to refinance its debts, including extending that convertible note out to 2029.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Peloton (PTON) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
The Nasdaq Composite index is trading at a record high on the back of its 25% year-to-date gain. Not every technology stock is participating in the rally at the moment.
Peloton's stock is down 42% this year and off 98% from highs. The company is still losing money and just lost its new CEO.
Even though the stock market continues marching higher, not all businesses are performing well. This pandemic darling is facing a whole new reality, with pressured sales and ongoing net losses.
Following the smart money can tip you off about good investment ideas and positions that you should trim from your portfolio. These investors have more time to research their investments and often have large teams doing their research.
Peloton was staring down hundreds of millions in loan payments by November 2025 that could've pushed the company into bankruptcy if it hadn't refinanced. Now that the connected fitness company has refinanced its debt, it has the breathing room to turn around its business and boost support among lenders and investors.
A low valuation and heightened pessimism might attract investors hoping for a successful turnaround. This business keeps reporting declining sales and ongoing net losses.
Peloton is still struggling to stabilize its business after overextending itself during the pandemic. Fitness equipment sales and subscriber numbers are both declining.
Peloton Interactive (NASDAQ: PTON) stock price has dived hard this year even amid optimism that it will become a takeover target by private equity companies. It has crashed by over 54% in the past 12 months and by 37% this year alone.
Peloton shares are dirt cheap, trading at a price-to-sales ratio of 0.5. If the company's growth picks up and it achieves profitability, the stock has plenty of room for upside.
Peloton (PTON), in partnership with the YMCA of Metropolitan Chicago, is set to offer offline and online fitness services to the Chicagoland market.