Peloton Interactive (NASDAQ: PTON) stock price has dived hard this year even amid optimism that it will become a takeover target by private equity companies. It has crashed by over 54% in the past 12 months and by 37% this year alone. A stock that was trading at almost $160 during the pandemic has crashed to $3.70 today. Weak fundamentals and high debtPeloton Interactive has become one of the most popular fallen angels in Wall Street. Like many companies, it thrived during the Covid-19 pandemic and then crashed spectacularly when the hype died. Peloton’s business model has always had important…