Zepp Health (NYSE:ZEPP) Shares Down 6.5% - Should You Sell?

Key Points

• Zepp Health's stock fell by 6.5% during trading, with recent prices ranging from $46.55 to $48.44, indicating a notable decrease from its previous close of $51.80.
• Despite the drop, analysts maintain a consensus rating of "Buy" with a target price of $60.23, suggesting potential for future growth.
• Zepp Health has a market capitalization of $717.82 million and operates within the smart wearable and health technology sectors, focusing on brands like Amazfit and Zepp Aura.

Zepp Health Corporation Sponsored ADR (NYSE:ZEPP - Get Free Report)'s stock price was down 6.5% during trading on Thursday . The stock traded as low as $46.55 and last traded at $48.44. Approximately 142,536 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 290,559 shares. The stock had previously closed at $51.80.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ZEPP shares. Wall Street Zen raised shares of Zepp Health to a "hold" rating in a research note on Saturday, August 16th. Fundamental Research set a $60.23 target price on shares of Zepp Health and gave the company a "buy" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Zepp Health has a consensus rating of "Buy" and a consensus target price of $60.23.

Zepp Health Trading Down 3.5%

The stock has a market cap of $676.38 million, a price-to-earnings ratio of -9.66 and a beta of 1.31. The business's 50 day simple moving average is $28.81 and its 200 day simple moving average is $11.82. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 0.31.

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.