FIT Stock: Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.
Several investment firms issued their expert ratings on Fitbit Inc. (NYSE:FIT) in which Deutsche Bank Downgrades Fitbit Inc. (NYSE:FIT) to Hold by settling a price target of $9 on 12/08/16. Pacific Crest Upgrades the stock to Sector Weight on 11/16/16 with no specific Price Target. Wedbush Downgrades the company’s stock to Neutral on 11/04/16 with no specific Price Target. Barclays Downgrades Fitbit Inc. (NYSE:FIT) to Equal-Weight with no specific Price Target.
Fitbit Inc. (NYSE:FIT) currently has a consensus Price Target of $7.56. While some analysts have a High Price target for the stock of $20 and a Low Price Target of $5.
Several sell side analysts reviewed their recommendations on Fitbit Inc. (NYSE:FIT) where 0 analyst have rated the stock as Strong Buy, 0 analysts said it’s a Buy, 0 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)
Zacks Investment Research also rated the stock with a value of 2.94. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.
In the last Quarter, Fitbit Inc. (NYSE:FIT) reported its Actual EPS of $-0.56/share. The analysts offering Earnings Estimates for the company were believing that Fitbit Inc. (NYSE:FIT) could bring EPS of $-0.5/share. The difference between Actual EPS and Estimated EPS was -0.06 Percent. Thus the company showed an Earnings Surprise of -12 Percent.
Fitbit Inc. (NYSE:FIT) has a market capitalization of 1.28 Billion. The stock traded with the volume of 15.58 Million shares in the last trading session. The stock touched its high share price of $18.85 on Apr 28, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Mar 13, 2017 as $5.55. The company has a 1 Year high price target of $7.56. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -6.04%. The Moving Average SMA50 is -14.57% while SMA200 is -49.59%.
Fitbit Inc. (NYSE:FIT) is currently showing its ROA (Return on Assets) of -6.1%. The Return on Investment (ROI) is at -10.6% while it’s Return on Equity (ROE) value stands at -9.8%. The stock currently shows its YTD (Year to Date) performance of -22.95 percent while its Weekly performance value is -6%. The Monthly and Yearly performances are -2.25 percent and -61.13 percent respectively. The Relative Volume value measured for Fitbit Inc. (NYSE:FIT) is 1.41. The Average Volume (3 months) is 11.04 Million.
The stock currently has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. FIT has P/E (Price to Earnings ttm) value of 0, Forward P/E of 0, P/C (Price to cash per share) of 1.8 and Price to Free Cash Flow (P/FCF) value of 41.22. The stock is showing its Operating Margin of -5.2 percent.
THe article first appeared in hugopress.com