3 Charts That Should Make You Think Twice Before Buying Peloton Stock
The stock market has been on shaky ground in 2022 as investors adjust to a major shift in economic conditions. Interest rates are on the rise after two years at record lows, and U.S. government stimulus spending to fight the pandemic has mostly dried up.
The potential for an economic slowdown has sent many high-flying technology stocks plunging, especially those that benefited from stay-at-home conditions during the worst of COVID-19. Peloton Interactive (NASDAQ: PTON), which makes at-home exercise equipment with virtual classes, is one of them. Its stock has now lost over 93% of its value since Dec. 2020.
Some investors might think this makes the stock a bargain, but here are three charts that suggest the low stock price doesn't actually present a good value in this case.
Source Fool.com
