Is It Time to Buy Peloton Stock? Here's the Good News and the Bad News.

Peloton Interactive (NASDAQ: PTON) stock was a pandemic darling. It peaked at around $163 in late 2020, an eye-popping 460% increase from its initial public offering (IPO) price of $29 from 2019. Consumers were buying the company's at-home exercise equipment hand over fist when pandemic-related lockdowns and social restrictions went into effect, which fueled stellar operating results.But demand collapsed when social conditions mostly returned to normal in 2022, resulting in a plunge in Peloton's revenue and blowout losses at the bottom line. The company was in a fight for survival as its cash balance dwindled, forcing management to drastically cut costs.Peloton still faces monumental challenges, but it's finally turning a profit, which ensures it will live to fight another day. Its stock remains 95% below its all-time high, so could this be a good opportunity for investors to buy?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool