Peloton (PTON) stock hit all-time lows last month after it released fiscal Q4 2023 earnings, and revealed yet another massive loss. While the stock has since rebounded from its lows, PTON is still considerably below its IPO price of $29 - it's now trading around $6, a share price that represents less than 4% of its January 2021 all-time highs.
To be sure, growth stocks – especially those in the once-popular “stay-at-home” pack – have had a tough time for the last two years. Names like Zoom Video Communication (ZM), Teladoc Health (TDOC), and Chegg (CHGG) have all fallen hard from their highs.
