Fitbit Inc. (NYSE:FIT) went down by -0.86% from its latest closing price compared to the recent 1-year high of $7.34. The company’s stock price has collected -1.56% of loss in the last five trading sessions. Barron’s reported on 12/17/20 that Europe Clears Google’s $2.1 Billion Deal for Fitbit. So Long as It Follows These Rules.
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Is It Worth Investing in Fitbit Inc. (NYSE :FIT) Right Now?
Plus, the 36-month beta value for FIT is at 0.46. Opinions of the stock are interesting as 0 analysts out of 4 who provided ratings for Fitbit Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $7.35, which is $0.42 above the current price. FIT currently public float of 243.39M and currently shorts hold a 20.13% ratio of that float. Today, the average trading volume of FIT was 4.21M shares.
FIT’s Market Performance
FIT stocks went down by -1.56% for the week, with a monthly drop of -3.88% and a quarterly performance of -0.14%, while its annual performance rate touched 5.32%. The volatility ratio for the week stands at 1.19% while the volatility levels for the past 30 days are set at 1.09% for Fitbit Inc.. The simple moving average for the period of the last 20 days is -1.09% for FIT stocks with a simple moving average of 3.38% for the last 200 days.
Analysts’ Opinion of FIT
Many brokerage firms have already submitted their reports for FIT stocks, with Morgan Stanley repeating the rating for FIT by listing it as a “Underweight.” The predicted price for FIT in the upcoming period, according to Morgan Stanley is $7.35 based on the research report published on December 16th of the previous year 2020.
DA Davidson, on the other hand, stated in their research note that they expect to see FIT reach a price target of $7, previously predicting the price at $5.50. The rating they have provided for FIT stocks is “Buy” according to the report published on February 28th, 2019.
Wedbush gave a rating of “Neutral” to FIT, setting the target price at $6.50 in the report published on February 22nd of the previous year.
FIT Trading at -2.19% from the 50-Day Moving Average
After a stumble in the market that brought FIT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.59% of loss for the given period.
Volatility was left at 1.09%, however, over the last 30 days, the volatility rate increased by 1.19%, as shares sank -3.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.56% lower at present.
During the last 5 trading sessions, FIT fell by -1.56%, which changed the moving average for the period of 200-days by +4.21% in comparison to the 20-day moving average, which settled at $6.99. In addition, Fitbit Inc. saw 1.91% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FIT starting from FRIEDMAN ERIC N., who sale 272,832 shares at the price of $6.81 back on Dec 28. After this action, FRIEDMAN ERIC N. now owns 121,854 shares of Fitbit Inc., valued at $1,858,013 using the latest closing price.
MISSAN ANDY, the EVP, General Counsel, Sect. of Fitbit Inc., sale 19,530 shares at $7.04 during a trade that took place back on Nov 06, which means that MISSAN ANDY is holding 147,675 shares at $137,485 based on the most recent closing price.
Stock Fundamentals for FIT
Current profitability levels for the company are sitting at:
- -18.84 for the present operating margin
- +30.16 for the gross margin
The net margin for Fitbit Inc. stands at -22.35. The total capital return value is set at -41.07, while invested capital returns managed to touch -49.68. Equity return is now at value -56.70, with -21.80 for asset returns.
Based on Fitbit Inc. (FIT), the company’s capital structure generated 19.04 points at debt to equity in total, while total debt to capital is 16.00. Total debt to assets is 6.78, with long-term debt to equity ratio resting at 13.94. Finally, the long-term debt to capital ratio is 11.71.
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When we switch over and look at the enterprise to sales, we see a ratio of 0.88, with the company’s debt to enterprise value settled at 0.07. The receivables turnover for the company is 3.35 and the total asset turnover is 1.00. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
