2024-03-22 06:47:00 ET
Peloton Interactive (NASDAQ: PTON) has been pedaling in the wrong direction. Customers just aren't as excited about the fitness company's products and services as they were a few years ago, and the stock is taking a major hit as a result.
As of this writing, shares trade at a price-to-sales ratio of less than 0.6. That's about as low as the valuation has ever been in Peloton's entire public history. But perhaps some bullish supporters are hoping that things will get better for the company.
Can this ridiculously cheap consumer discretionary stock see its price skyrocket between now and 2030? Here's what investors need to know.
For further details see:
Can This Ridiculously Cheap Stock's Price Skyrocket by 2030?