Fitness stock Peloton Interactive, Inc. (PTON) has been gaining momentum lately. The stock has gained 31.2% over the past month. However, it has declined 64.9% year-to-date and 72.6% over the past year, closing the last trading session at $12.57.
PTON posted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue. Its revenue outlook for the fourth quarter is between $700 million and $725 million, which is well below analysts’ estimates of $874 million.
