Down 75% This Year, Is Peloton Stock a Buy?
Shares of connected fitness specialist Peloton Interactive (NASDAQ: PTON) have been absolutely pummeled this year. As of this writing, shares have slid a total of about 75% in 2021. Of course, this follows a year in which the stock soared more than 400%. But the stock's fall in 2021 notably means that shares are trading only 36% higher than where they were at the beginning of 2020. This means the growth stock has significantly underperformed the S&P 500's 49% gain (when including dividends) over this same period. Suffice to say, Peloton hasn't been a great stock to own lately.
But it sometimes makes sense for investors to look into investing in situations like this, where fear is currently the dominating emotion. Perhaps Peloton's sell-off has gone too far, creating a buying opportunity. Let's take a look to see whether shares look attractive today.
Peloton Tread. Image source: Peloton Interactive.
Source Fool.com
