Fitbit, Inc. (NYSE:FIT) could surge as high as $20


Fitbit, Inc. (NYSE:FIT) has a 1 Year Target Estimate of $11.44. The stock traded with the volume of 7.48 Million in the last trading session. Fitbit, Inc. opened at $8.31 and closed by showing an increase of 0.97%. The Bid price in the last session was $8.37 x 1300 and the Ask price was $8.38 x 1700. (The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. The difference (or spread) goes to the broker/specialist that handles the transaction).

Fitbit, Inc. has the Market Capitalization of 1.87 Billion. The Stock has its 52-week High of $34.68 and 52-Week Low of $8.2 and it touched its 52-week high on Dec 7, 2015 and 52-Week Low on Nov 29, 2016.

Fitbit, Inc. reported its last Earnings on Nov 02 AMC where the company reported Actual EPS of $0.19/Share whereas, the Analyst Estimated EPS was $0.19/share. The difference between Actual EPS and Estimated EPS was $0/share. This represented an Earnings Surprise of 0%.

16 number of analysts also provided their insight on Fitbit, Inc., where the Average Price Target for the stock is $11.44. They also projected Low Price Target as $8 while High Price Target is set at $20.

A number of analysts rated the stock as well: 0 analysts believe that the stock is a STRONG BUY while 0 reported it as Buy.0 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 0 say that this stock is a SELL.

Fitbit, Inc. annual Divided is 0 while it’s Dividend Yield is 0%. The stock has its Price to Earnings (P/E) ratio of 20.24 and Forward Price to Earnings ratio of 12.59. The company has its Price to Sales (P/S) ratio of 0.81 where Price to Book (P/B) ratio of 1.67, Price to Cash Per share (P/C) of 2.78 and Price to Free Cash Flow (P/FCF) has a value of 0.

The company has its Return on Assets (ROA) of 6.2 Percent. Return on Equity (ROE) stands at 9.6% and Return on Investment (ROI) displays a value of 24%.

The stock is currently trading at Distance from 20-Day simple moving Average of -9.26% whereas, Distance from 50-Day Simple moving average is -32.7 Percent and Distance from 200-Day Simple Moving Average of -40.01 percent.

A look at performance overview of Fitbit, Inc. depicts that Performance (Week) is -2.56 percent while Performance Month is -36.95%. Quarterly performance shows a value of -45.99% and Half Year Performance value stands at -43.36%. Yearly performance of the stock has the value of -71.39 percent. Fitbit, Inc. has its YTD performance of -71.75 Percent. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).

Insider Trades:

Many Insiders have done trades inside the company. The latest trade was made on 15 Nov 2016 where Director and Beneficial Owner Callaghan Jonathan D did a transaction type “Buy” in which 120526 shares were traded at a price of $0. Another insider trade includes Director and Beneficial Owner Callaghan Jonathan D who also initiated a transaction in which 2000005 shares were traded on 15 Nov 2016 as “Buy”. On 15 Nov 2016 Beneficial Owner of More than 10% Class True Venture Partners II, L.L.C. traded 2000005 shares as “Sell” at $0. Director and Beneficial Owner Callaghan Jonathan D Sell 2000005 shares on 15 Nov 2016 at the price of $0.

Upgrades/Downgrades Report:

The latest Upgrades/Downgrades was done by Research firm Pacific Crest on 16-Nov-16 who Upgrade the stock from Underweight to Sector Weight. Other firms have also Upgraded/Downgraded the stock. On 4-Nov-16, Barclays took an action “Downgrade” from Overweight to Equal Weight. On 3-Nov-16, the stock was Downgrade to Underperform by BofA/Merrill.