Fitbit, Inc. s in-depth stock price analysis indicates that the stock price has dropped -33.03% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -60.06% . Looking at the past 52 week period, the stock price is down -57.96% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Fitbit, Inc. has a negative value of -51.68 compared to overall market performance. Fitbit, Inc. (NYSE:FIT) has tumbled 3.78% during the past week and has dropped 21.24% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.55%. Fitbit, Inc. (NYSE:FIT) has underperformed the index by 22.65% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Fitbit, Inc. (NYSE:FIT) : On Friday heightened volatility was witnessed in Fitbit, Inc. (NYSE:FIT) which led to swings in the share price. The stock opened for trading at $5.75 and hit $5.95 on the upside , eventually ending the session at $5.86, with a gain of 1.56% or 0.09 points. The heightened volatility saw the trading volume jump to 5,640,162 shares. The 52-week high of the share price is $18.85 and the company has a market cap of $1,311 million. The 52-week low of the share price is at $5.62 .
Fitbit Inc Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.19 EPS for the quarter. Analyst had a consensus estimate of $0.19. The company had revenue of $503.80 million for the quarter, compared to analysts expectations of $506.60 million. The companys revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Fitbit Inc was Downgraded by Citigroup on Jan 31, 2017 to Sell, Price Target of the shares are set at $5.Fitbit Inc was Reiterated by Mizuho on Jan 30, 2017 to Neutral, Lowers Price Target to $ 6.50 from a previous price target of $9 .Fitbit Inc was Downgraded by Deutsche Bank on Dec 8, 2016 to Hold, Lowers Price Target to $ 9 from a previous price target of $18 .Fitbit Inc was Upgraded by Pacific Crest to Sector Weight on Nov 16, 2016.
Company has reported several Insider transactions to the SEC, on Dec 6, 2016, Jon Callaghan (director 10% owner) sold 860,000 shares at 8.18 per share price.On Nov 8, 2016, Philip Douglas Black (10% owner) sold 50,000 shares at 8.73 per share price.On Oct 11, 2016, Andy Missan (EVP, GC, & SECRETARY) sold 10,000 shares at 14.60 per share price.
Fitbit Inc. manufactures and markets wearable fitness-tracking devices. The Companys product consists of Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Charge HR, Fitbit Surge and Aria. It also offers accessories which include bands and clips, charging cables and Fitbit apparel. Fitbit Inc. is headquartered in San Francisco, California.