Shares of Fitbit ( NYSE:FIT) were cut in half over the past 12 months due to the company's decelerating sales growth, contracting margins, and lack of a meaningful moat against rivals in the wearables market.
How much is a Fitbit stock worth?
FIT stock currently trades north of $6. As such, it looks like FIT stock is presently supported by euphoria more than anything else. Eventually, this euphoria will be replaced by realism, and FIT...
Is Fitbit's P/B ratio over or undervalued?
Apr 15, 2022 · Fitbit has a market capitalization of $1.70 billion and generates $1.43 billion in revenue each year. The scientific and technical instruments company earns $-320.71 million in net income (profit) each year or ($0.98) on an earnings per share basis.
What are analysts'price targets for Fitbit's stock?
Apr 05, 2022 · Why is Fitbit stock so low? Fitbit Inc. shares are plunging in Thursday trading after the wearables pioneer slashed its third-quarter and full-year forecasts , reflecting a disappointing showing for the lower-priced Versa Lite smartwatch, which …
Is Fitbit (fit) a good buy with a good PE ratio?
Jan 19, 2017 · Shares of Fitbit stock plunged by about 2% during regular trading hours on Wednesday, setting a new record low of $7.12. Shares of FIT are down marginally ahead of the opening on Thursday. The ...
Why did Fitbit stock drop?
The IPO and After Despite handily beating estimates, Fitbit's share price soon sank below $40. Concerns seemed to be linked to a decline in gross margins as the company struggled to pump out 4.4 million devices to a hungry market.Jun 25, 2020
Is Fitbit struggling?
But Fitbit has been struggling with profitability, and that didn't change last year. Adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) was negative $128 million in 2019.Feb 28, 2020
Is Fitbit losing money?
Fitbit, Inc. reported second-quarter 2020 adjusted loss of 12 cents per share, narrower than the Zacks Consensus Estimate of a loss of 21 cents. The company's total revenues came in at $261.3 million, down 16.7% year over year. However, the figure surpassed the Zacks Consensus Estimate by 28.2%.Sep 4, 2020
Is Fitbit off the stock market?
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.Jan 14, 2021
Was Fitbit profitable?
Financial Fitness Issues At Fitbit You can see this in the chart on the right. For example, in 2016, revenue peaked at $2.17 billion. As of Q2 2020, it had fallen to $0.45 million in H1 and forecast 2020 revenue of $1.2 billion. That represents a cumulative decline of 45% in revenue since 2016.Oct 7, 2020
Does Google own Fitbit?
Google recently confirmed that it has finally completed its acquisition of the wearable fitness giant Fitbit. It had been more than one year since Google first announced the planned acquisition of the brand and, now that the deal is done, some might be concerned about the future of the fitness-focused company.Jan 20, 2021
Is it good to buy Fitbit stock?
Pros of Buying Fitbit Stock FIT Stock may be undervalued: According to some stock analysts, with present and forward earnings improving at the current rate, FIT stock should currently have a value of $6 per share. Therefore, the selloff in the stock since the first quarter earnings release may be overextended.May 12, 2021
Are Fitbits still popular?
Fitbit has added more active users every year, even as its lost market share and revenue. In 2019, it counted 29 million active users on its platform, which accounts for about a quarter of the company's total fitness tracker sales.Jan 11, 2022
Who is Fitbit's biggest competitor?
The best Fitbit alternatives (April 2022): Garmin, Apple, Xiaomi, and more.
What happens if you had Fitbit stock?
If you do nothing, then when the sale closes the shares will be removed from your brokerage account and you'll get cash instead. This will be $7.35 per share you own. This is probably the right way to go if you don't have anything else to do with the money.
How much is Fitbit stock worth?
Key Turning Points52-Week High7.34Last Price6.93Fibonacci 61.8%6.77Fibonacci 50%6.60Fibonacci 38.2%6.421 more row•Jan 14, 2021
Who owns Fitbit stock?
GoogleGoogle now owns Fitbit | Engadget.Jan 14, 2021
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.