Zepp Health (NYSE:ZEPP) Reaches New 52-Week High - Here's Why

Key Points

• Zepp Health's stock (NYSE:ZEPP) hit a new 52-week high of $35.37 during trading, with the last price recorded at $34.55.
• Despite strong stock performance, the company reported a quarterly EPS of ($1.13) and a revenue of $38.54 million, reflecting a negative net margin of 38.81%.
• Analysts from Fundamental Research issued a "buy" rating with a price objective of $13.87 for Zepp Health, indicating confidence in the company's long-term outlook.

Shares of Zepp Health Corporation Sponsored ADR (NYSE:ZEPP - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $35.37 and last traded at $34.55, with a volume of 350331 shares traded. The stock had previously closed at $31.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Zepp Health to a "hold" rating in a research report on Saturday. Fundamental Research set a $13.87 price target on Zepp Health and gave the company a "buy" rating in a research report on Tuesday, April 22nd.

Zepp Health Price Performance

The business has a 50-day simple moving average of $11.06 and a 200 day simple moving average of $5.63. The stock has a market cap of $485.61 million, a P/E ratio of -6.93 and a beta of 1.11. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31.

Zepp Health (NYSE:ZEPP - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The company reported ($1.13) EPS for the quarter. The company had revenue of $38.54 million during the quarter. Zepp Health had a negative net margin of 38.81% and a negative return on equity of 24.19%.

Zepp Health Company Profile

Zepp Health Corporation operates as a smart wearable and health technology company worldwide. The company operates in two segments: Self-Branded Products and Others, and Xiaomi Wearable Products. It empowers users to live lives by optimizing health, fitness, and wellness journeys through its consumer brands, Amazfit, Zepp Clarity, and Zepp Aura.