Peloton stock drops 22% as company faces declining subscriptions and revenue

Peloton's stock has fallen 22% over the past year, significantly underperforming the S&P 500's 16.9% gain. The company faces declining fitness subscriptions and revenue, despite raising prices. Competitors and a return to gyms have impacted sales since the pandemic boom. Peloton's stock trades at a low price-to-sales ratio, but its ongoing struggles suggest it may be a value trap, making it a risky investment.