Zepp Health (NYSE:ZEPP) Shares Gap Down - Here's Why

Key Points

• Zepp Health (NYSE:ZEPP) shares experienced a significant drop, opening at $38.10 compared to a previous closing price of $43.48.
• A recent analysis set a price target of $13.87 for Zepp Health, while the company maintains a consensus "Buy" rating among analysts.
• In its latest earnings report, Zepp Health posted a negative earnings per share (EPS) of ($1.13), alongside a negative net margin of 38.81%.

Zepp Health Corporation Sponsored ADR (NYSE:ZEPP - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $43.48, but opened at $38.10. Zepp Health shares last traded at $39.06, with a volume of 488,811 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ZEPP. Fundamental Research set a $13.87 price objective on shares of Zepp Health and gave the company a "buy" rating in a report on Tuesday, April 22nd. Wall Street Zen raised shares of Zepp Health to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $13.87.

Zepp Health Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.10 and a quick ratio of 0.78. The company has a market capitalization of $564.99 million, a PE ratio of -8.07 and a beta of 1.11. The firm's fifty day simple moving average is $11.88 and its 200 day simple moving average is $5.95.

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

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.

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