In the latest trading session on 09/13/2017, Fitbit, Inc. Recently, the commodity stands -61.29% away from the 52-week high and 35.71% from the 52-week low.
The company’s quick ratio for most recent quarter is 2.1 along with current ratio for most recent quarter of 2.4. Trading volume was up 12.15% over the stocks average daily volume. The value of the position overall is down by 5.7%.
Many analysts have quite recently commented on FIT. crowd sourced stock rating company Vetr lowered Fitbit from a “buy” recommendation to a “hold” recommendation and fixed a $6.72 price target for The corporation.in a study report on early Wednesday. Equity research analysts have forecasted the stock level. Morgan Stanley dropped their price objective on Fitbit from $7.00 to $6.50 and set an equal weight rating for the company in a research report on Monday, July 31st. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less “lag” as comparison to the longer-term moving average.
Fitbit, Inc. (NYSE:FIT) has 20 days moving average price of 15.06% from last close price of 6.65 and act as support or resistance of price limit. The company’s market capitalization is $1.58 billion.
As of the latest earnings report the EPS was $-1.06 and is estimated to be $-0.31 for the current year with 232,932,000 shares now outstanding. The business had revenue of $353.30 million during the quarter, compared to the consensus estimate of $341.24 million. Amalgamated Bank now owns 22,075 shares of the scientific and technical instruments company’s stock worth $117,000 after purchasing an additional 3,698 shares during the period. Vetr upgraded Fitbit from a buy rating to a strong-buy rating and set a $5.79 price target for the company in a research report on Wednesday, August 2nd. Outstanding shares refer to a company’s stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company’s officers and insiders.
Recent price movements in the stock of Fitbit, Inc.
Quarterly Revenue Growth on year-over-year basis stands at -39.8 percent. If you are accessing this report on another domain, it was copied illegally and republished in violation of USA & worldwide trademark & copyright laws. The legal version of this story can be accessed at https://weekherald.com/2017/09/14/fitbit-inc-fit-downgraded-to-hold-at-zacks-investment-research.html. Suntrust Robinson maintained the shares of FIT in report on Tuesday, February 23 with “Buy” rating. Also, Director Jon Callaghan sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The disclosure for this sale can be found here.
Many investment firms and many large funds have acquired or sold some of the position in The corporation. Principal Financial Group Inc. purchased a new stake in shares of Fitbit in the 2nd quarter worth about $114,000. The Manufacturers Life Insurance Company has an ownership of 139,450 stocks of the scientific and technical instruments firms shares valued $741,000 following acquiring an extra 132,949 shares through out the previous quarter, State Street boosted its holdings in stocks of Fitbit by 68.0% in the Fiscal Q2. First Trust Advisors LP lifted its holdings in shares of Fitbit by 207.1% during the first quarter. Class A decreased from $2,503,000 to $398,000 decreasing 84.1% quarter over quarter.
COPYRIGHT VIOLATION NOTICE: “Andy Missan Sells 5,000 Shares of Fitbit, Inc“. The Business’s platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts.