1 Ridiculously Cheap Stock Down 97% to Buy Hand Over Fist in 2024

By Parkev Tatevosian, CFA – Feb 10, 2024 at 6:00AM

NASDAQ: PTON

Peloton Interactive

Market Cap

$1B

Today's Change

(4.29%) $0.13

Current Price

$3.16

Price as of April 26, 2024, 4:00 p.m. ET

There is a reason this stock is down so much, but I think the risk versus reward is worthwhile in this investment.

Fool.com contributor Parkev Tatevosian highlights one cheap stock for bargain-hunting investors to buy in bunches in 2024.

*Stock prices used were the afternoon prices of Feb. 7, 2024. The video was published on Feb. 9, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Peloton Interactive. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.