Reported about 2 months ago
Peloton Interactive's stock has plummeted 98% since its peak in early 2021, despite the Nasdaq Composite index performing well. Once a pandemic favorite, Peloton's sales have drastically fallen as gyms reopened, leading to significant operational losses. Efforts to revive sales, such as partnering with retailers and enhancing its app, have not yielded positive results. Given its current low P/S ratio and ongoing struggles, it is suggested that investors should avoid buying into this potentially value-trap stock.
Source: YAHOO