The share price of Fitbit, Inc. [NYSE: FIT] inclined by $3.80, presently trading at $3.65. The company’s shares saw 29.89% gains compared to the lowest price in the period of the last 52 weeks, set at $2.81 recorded on 09/12/19. The last few days have been tough to the share price as FIT jumped by +5.48% during the last week, even though the stock is still down by -5.67% compared to 0.19 of all time high it touched on 09/13/19. However, the stock had a poor performance during the past 3 months, roughly gaining 15.50%, while additionally dropping -36.03% during the last 12 months. Fitbit, Inc. is said to have a 12-month price target set at $4.99. That means that the stock has a strong potential to acquire 1.34% increase from the current trading price.
Fitbit, Inc. [NYSE:FIT]: Analyst Rating and Earnings
Its stock price has been found in the range of 2.81 to 6.96. This is compared to its latest closing price of $3.80.
Keep your eyes peeled for the soon-to-be-published financial results of this company, which are expected to be made public on Wed 30 Oct (In 47 Days).
Fundamental Analysis of Fitbit, Inc. [FIT]
Now let’s turn to look at profitability: with a current Operating Margin for Fitbit, Inc. [FIT] sitting at -13.15 and its Gross Margin at +39.58, this company’s Net Margin is now -8.70%. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.
This company’s Return on Total Capital is -25.35, and its Return on Invested Capital has reached -26.00%. Its Return on Equity is -23.83, and its Return on Assets is -12.00. These metrics suggest that this
What about valuation? This company’s Enterprise Value to EBITDA is -1.23. The Enterprise Value to Sales for this firm is now 0.11. Fitbit, Inc. [FIT] has a Price to Book Ratio of 1.70, a Price to Cash Flow Ratio of 10.74.
Shifting the focus to workforce efficiency, Fitbit, Inc. [FIT] earns $887,590 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 3.19 and its Total Asset Turnover is 0.97. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 1.65 and its Current Ratio is 1.82. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
Fitbit, Inc. [FIT] has 245.68M shares outstanding, amounting to a total market cap of $933.58M. Its stock price has been found in the range of 2.81 to 6.96. At its current price, it has moved down by -47.56% from its 52-week high, and it has moved up 29.89% from its 52-week low.
This stock’s Beta value is currently 1.58, which indicates that it is 6.34% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 57.66. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is Fitbit, Inc. [FIT] a Reliable Buy?
Shares of Fitbit, Inc. [FIT], on the whole, present investors with both positive and negative signals. Wall Street analysts have mixed reviews when it comes to the 12-month price outlook, and this company’s financials show a combination of strengths and weaknesses. Based on the price performance, this investment is somewhat risky while presenting reasonable potential for ROI.