Why is Fitbit stock untradeable?
Fitbit shares were halted from pre-market trading on the New York Stock Exchange Thursday after changing hands at $6.93 each. The stock has surged more than 60% since the day prior to the first news of the Google purchase in November 2019. Will Fitbit shares go up? Fitbit Inc – Class A quote is equal to 0.370 USD at 2021-10-31.
How to buy Fitbit stock?
Jan 15, 2021 · Fitbit stock becoming untradeable has to do with a deal the fitness device maker inked with Google more than a year ago. In Nov. 2019, Fitbit announced that Google would acquire it. Google agreed...
How much does Fitbit Pay?
May 11, 2021 · Real-time trade and investing ideas on Fitbit FIT from the largest community of traders and investors. Real-time trade and investing ideas on Fitbit FIT from the largest community of traders and investors. Rooms Shows Rankings Earnings Newsletters Shop. Cancel. Log In. Sign Up. DOW 0.00%. S&P 500 0.00%. NASDAQ 0.00%.
What is the market share of Fitbit?
Apr 11, 2022 · Fitbit, Inc., a technology company, provides health solutions in the United States and internationally. The company offers a line of devices, including Fitbit Charge 3, Fitbit Inspire, Fitbit Inspire HR, and Fitbit Ace 2 activity trackers; Fitbit Ionic and Fitbit Versa family of smartwatches, as well as Fitbit Flyer wireless headphones and the Fitbit Aria family of …
Can you still buy Fitbit stock?
Fitbit stock can be bought through any reputable broker with access to trade stocks listed on the New York Stock Exchange (NYSE). If your objective is to buy FIT as an investment and hold the stock in a trading account for long term capital appreciation, then you could open an account with a discount broker.May 12, 2021
What did Fitbit stock change to?
Because Fitbit stock is now untradeable, it will automatically convert to cash. Consequently, Fitbit stock will be removed from your brokerage account. You can decide whether to use the cash to buy Google stock.Jan 15, 2021
Did Fitbit stock become Google stock?
Alphabet-owned Google announced Thursday it's finally completed the acquisition of Fitbit, which was first announced in November 2019.Jan 14, 2021
When did Fitbit go public?
June 2015Fitbit was founded in 2007 and made the move to go public in June 2015. Fitbit was one of the highest-profile IPOs of the 2010s, launching with a $4.1 billion market valuation.May 18, 2020
How were Fitbit's earnings last quarter?
Fitbit, Inc. (NYSE:FIT) released its earnings results on Wednesday, August, 5th. The scientific and technical instruments company reported ($0.12)...
Who are Fitbit's key executives?
Fitbit's management team includes the following people: Mr. James Park , Co-Founder, Chairman, CEO & Pres (Age 44, Pay $2M) Mr. Eric N. Friedman...
Who are some of Fitbit's key competitors?
Some companies that are related to Fitbit include Omnicell (OMCL) , Capcom (CCOEY) , Super Micro Computer (SMCI) , Zepp Health (ZEPP) , One St...
What other stocks do shareholders of Fitbit own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Fitbit investors own include PayPal (PYPL) , Netflix (NFL...
When did Fitbit IPO?
(FIT) raised $448 million in an IPO on Thursday, June 18th 2015. The company issued 29,900,000 shares at a price of $14.00-$16.00 per share. Morgan...
What is Fitbit's stock symbol?
Fitbit trades on the New York Stock Exchange (NYSE) under the ticker symbol "FIT."
What is Fitbit's stock price today?
One share of FIT stock can currently be purchased for approximately $6.93.
How much money does Fitbit make?
Fitbit has a market capitalization of $1.70 billion and generates $1.43 billion in revenue each year. The scientific and technical instruments comp...
How many employees does Fitbit have?
Fitbit employs 1,684 workers across the globe.
Is Fitbit a buy right now?
1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fitbit in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" Fitbit stock.#N#View analyst ratings for Fitbit or view top-rated stocks.
What stocks does MarketBeat like better than Fitbit?
Wall Street analysts have given Fitbit a "Sell" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fitbit wasn't one of them.
When is Fitbit's next earnings date?
Fitbit is scheduled to release its next quarterly earnings announcement on Wednesday, September 1st 2021.#N#View our earnings forecast for Fitbit.
How were Fitbit's earnings last quarter?
Fitbit, Inc. (NYSE:FIT) announced its quarterly earnings data on Wednesday, August, 5th. The scientific and technical instruments company reported ($0.12) EPS for the quarter, beating the Zacks' consensus estimate of ($0.23) by $0.11.
What price target have analysts set for FIT?
1 brokers have issued 12-month target prices for Fitbit's shares. Their forecasts range from $7.35 to $7.35. On average, they expect Fitbit's share price to reach $7.35 in the next year.
Who are some of Fitbit's key competitors?
Some companies that are related to Fitbit include Capcom (CCOEY), Super Micro Computer (SMCI), Zepp Health (ZEPP), One Stop Systems (OSS), Socket Mobile (SCKT) and Sector 5 (SFIV).#N#View all of FIT's competitors.
What other stocks do shareholders of Fitbit own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Fitbit investors own include PayPal (PYPL), Netflix (NFLX), Tesla (TSLA), Actinium Pharmaceuticals (ATNM), NVIDIA (NVDA), General Electric (GE), Twitter (TWTR), Alibaba Group (BABA), Micron Technology (MU) and Advanced Micro Devices (AMD).
Why is Google acquisition important?
From a qualitative prospective, it seems like Google’s acquisition is important to their future. Because Google has control over a full range of scheduling and health based IOS apps, it becomes increasingly important for Google to monetize the user data they’re collecting.
What are the factors that influence M&A deals?
One must weigh in both, the intrinsic and extrinsic factors which influence M&A deals overall: antitrust rulings, geopolitical factors, game theory, etc. For instance, some groups are urging antitrust enforcers to block the deal on the grounds that it will give Google even more data about American consumers.
Who is the CEO of DuckDuckGo?
Gabriel Weinberg. , CEO & Founder, DuckDuckGo (2008-present) Updated May 13, 2021. You may know that Google is tracking you, but most people don't realize the extent of it. Luckily, there are simple steps you can take to dramatically reduce Google's tracking.
Is Apple Watch a stand alone device?
The Apple Watch has simultaneously constrained the business of stand-alone devices like Fitbit’s, and also demonstrated a very robust model for adding value to its customers while simultaneously accumulating more user data and tying users more closely to the Apple App Store/iOS ecosystem, where they can be monetized.
A Path Forward for Fitbit
First of all, FIT stock investors should be thrilled with the buyout. Alphabet may have just saved Fitbit and their investment. Sure, the $7.35 per-share buyout price is well below Fitbit’s initial public offering price of $20 back in 2015. But FIT stock has traded as low as $2.81 in recent months.
Why Would Google Buy a Doomed Company?
On its own, Fitbit’s business model and lack of resources to compete with Apple may not have been a winning recipe. But a company the size of Google doesn’t necessarily care about Fitbit device sales growth or profits.
How to Play GOOGL Stock
In a nutshell, the biggest takeaway from the Fitbit deal for Google stock investors is that Fitbit puts Google in a better position to take on Apple.
It's official: Google is acquiring Fitbit
As a technology and consumer goods specialist for the Fool, Steve looks for responsible businesses that positively shape our lives. Then he invests accordingly. Enjoy his work? Connect with him on Twitter & Facebook so you don't miss a thing.
What happened
Shares of Fitbit ( NYSE:FIT) were up 15.7% as of 3:30 p.m. EDT Friday after Alphabet 's ( NASDAQ:GOOG)( NASDAQ:GOOGL) Google finally agreed to acquire the wearable fitness device specialist.
So what
The news confirms more than a month of speculation; Reuters first broke the news of Big G's takeover interest in late September. Then the same outlet reported that Google had extended a formal offer to Fitbit on Monday.
Now what
Investors should keep in mind this isn't a done deal. The transaction still requires approval of both regulators and Fitbit shareholders. But assuming all goes as planned, the acquisition should close sometime in 2020.
