Is Peloton a Buy After Falling 76% in 2021?
Last year was a difficult one for connected-fitness business Peloton Interactive (NASDAQ: PTON). After skyrocketing 434% in 2020, when pandemic lockdown orders led to surging demand, the stock tanked 76% in 2021. Fulfillment delays, safety issues, and the economic reopening all contributed to Peloton's demise.
At a price-to-sales ratio of 2.5 today, the lowest since the company became public, is Peloton a buy? Let's dive in and find out.
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Source Fool.com
