PTON

Penny

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PTON, NKLA, and EVGO stocks are expected to surge above analysts’ expectations by the end of 2023.&nbsp;</a> </li> 
 <li> <span>2</span> <a>PTON stock lost 20% of its trading price in the monthly time frame.&nbsp;</a> </li> 
 <li> <span>3</span> <a>NKLA stock showed a positive movement in the past few days, and its price surged over 4.73% in a week.&nbsp;</a> </li> 
</ul> 
<p>Penny Stock has always been a hot topic to discuss, and dozens of penny stocks in the market have significantly improved in the past 52 weeks of trading.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-peloton-interactive-inc-pton-stock-price-analysis-strong"><strong>Peloton Interactive, Inc. (PTON) Stock Price Analysis</strong></h2> 
<p>PTON stock is among one of the most trending penny stocks. However, its trading price declined over 20% in the monthly time frame. At the time of writing, Peloton Interactive, Inc. stock was trading at $4.68 with a surge of 1.73% intraday.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="551" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-936-1024x551.png" alt="" class="wp-image-171866" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-936-1024x551.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-936-300x161.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-936-768x413.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-936-750x403.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-936.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: PTON stock price chart from <a href="https://www.tradingview.com/x/qUoA36Mt/" rel="noopener noreferrer nofollow">TradingView </a>&nbsp; 
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<p>In the 52-week time frame, PTON’s stock price peaked at $17.83, and its lowest trading price was $4.31. Peloton Interactive, Inc. has a market capitalization of $1.692 Billion.&nbsp;</p> 
<p>Peloton Interactive Inc. was trading below 20, 50, 100, and the 200-day exponential moving averages. The MACD and signal lines are in negative territory, reflecting bear dominance over the trading volume.&nbsp;&nbsp;</p> 
<p>The RSI line fell in the oversold region on September 25, 2023, and constant selling pressure has been observed since the past few trading sessions. As per analysts, PTON stock is expected to break the estimated price target of $7.95 by the end of 2023.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-nikola-corp-nkla-stock-price-analysis-strong"><strong>Nikola Corp (NKLA) Stock Price Analysis&nbsp;</strong></h3> 
<p>NKLA stock showed a positive movement in the past few days, and its price surged over 4.73% in a week. However, at the time of writing, Nikola Corporation stock was trading at $1.51.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/_pF0YDC0P0NM6--j0fDdPjbGYAHpPRFFMwbriQgShrnYu3kva4JaV5XUfF2aPweOiIF0FfFdLSMoQBEuSHYuZSfq5FrRMgU7R156cDZLzr9EJKQyjJJXVdCEtfGqoVsvNcnM1TJuHQl8wLABrPfumVI" alt="Can PTON, NKLA and EVGO Become Best Penny Stock of Oct 2023?&nbsp;&nbsp;"> 
  <figcaption class="wp-element-caption">
    Source: NKLA stock price chart from <a href="https://www.tradingview.com/x/Le6CS2ze/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
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<p>As per market analysts, NKLA stock is expected to break its annual price target of $2.70 by the end of 2023. Nikola Corp. stock has a market capitalization of $1.284 Billion, and data from companiesmarketcap(dot) com states that a surge of 44% in the company’s market cap is seen in 2023.&nbsp;&nbsp;</p> 
<p>It is crucial to note that NKLA stock price surged over 14.81% in a month and 29.17% in a quarter. The MACD and signal lines are below zero but are approaching the territory above the zero line.&nbsp;</p> 
<p>The histogram reflects bull accumulation above the zero line. Nikola Corp. engages in the provision of zero-emissions transportation and infrastructure solutions.</p> 
<h3 class="wp-block-heading" id="strong-evgo-inc-evgo-stock-price-analysis-strong"><strong>Evgo Inc. (EVGO) Stock Price Analysis</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/?p=171582&amp;preview=true" target="_blank" rel="noopener noreferrer nofollow">EVGO stock</a> lost 17.53% of its trading price in a month and lost more than 60% of its trading value in the past 52 weeks. When writing, Evgo, Inc. stock was trading at $3.28 with an intraday decline of 1.05%.&nbsp;</p> 
<p>EVGO stock price has been constantly declining for the past 52 weeks. Moreover, market analysts believe that Evgo, Inc. stock will break its annual price target of $6.75 by the end of this year.&nbsp;&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="551" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-930-1024x551.png" alt="" class="wp-image-171854" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-930-1024x551.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-930-300x161.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-930-768x413.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-930-750x403.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-930.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: EVGO stock price chart from <a href="https://www.tradingview.com/x/P4tWksRT/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
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<p>It is important to note that at the time of writing, the MACD and signal lines were moving below the zero line, and the histogram reflects a bear’s accumulation. The press time trading price of EVGO stock was less than 20,50,100, and 200-day EMA.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong>:&nbsp;</h4> 
<p>There are dozens of penny stocks in the market; some are performing well, and others are losing their relevance. However, market analysts believe that PTON, NKLA, and EVGO stocks will become profitable by the end of 2023.&nbsp;&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or anyone named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Can PTON, NKLA and EVGO Become Best Penny Stock of Oct 2023?

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