Currently, the stock has a 1 Year Price Target of $10.88. 16 analysts have rated the company as a "Hold". TheStreet raised Fitbit from a "sell" rating to a "hold" rating in a research note on Thursday, September 22nd.
Fitbit Inc. (NYSE:FIT) reported its EPS in the last quarter as $0.19/Share Lagging the analyst estimate of $0.19/Share by the difference of $0. Overweight rating was given by 1 analysts and Underweight rating was given by 1 analysts. EPS long term mean growth rate estimated by 4 analysts is at -2.2%, whereas, the high and low Long term growth rate estimated at 20 and -25.4. The stock has received "BUY" rating after consensus analysis from analysts.
Fitbit, Inc. (NYSE:FIT) now has P/E (Price to Earnings) ratio of 18.15 while the company's industry has 17.93 P/E and the sector P/E is 18.63. The Low Price target projection by analysts is $8 and the Mean Price Target is $10.88. The stock is now trading its SMA 50 of $9.33.
Market capitalization is the total market value of all of a company's outstanding shares. The stock has recently been recorded at -75.66% away from the 52 week high and 1.28% away from the 52 week low. The firm has a SMA 50 (Simple Moving Average) of -34.08% and a SMA 200-(Simple Moving Average) of -41.98%. In the matter of earnings surprises, it can have a huge impact on a company's stock price. The price to earnings ratio for the company is 119.66 with a beta of 0. The business earned $503.80 million during the quarter, compared to analyst estimates of $506.93 million. The EPS for the most recent quarter is 0.24. Now the stock has been rated as "Buy" from 4 Analysts. On average, analysts forecast that Fitbit will post $0.58 earnings per share for the current year. The stock had a trading capacity of 7.85M shares. The price volatility's Average True Range for 14 days was 0.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Its Director, 10% Owner CALLAGHAN JON sold 860,000 company shares for $7026000.2, in a transaction on 2016-12-05. Total 1.01 million shares changed on hands and it kept the average volume of 1.2 million shares. The disclosure for this sale can be found here.
Several insiders were part of recent insider activity for the stock. Metropolitan Life Insurance Co. For the quarter, the stock has changed -53.21%.
Valuation Ratios of Fitbit, Inc. Legal & General Group Plc increased its position in Fitbit by 71.1% in the second quarter. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. Greenwich Wealth Management LLC purchased a new position in Fitbit during the second quarter worth $135,000. Analysts had expected Fitbit, Inc.