Zepp Health (NYSE:ZEPP) Trading Down 6.5% - Time to 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.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen raised Zepp Health to a "hold" rating in a research report on Saturday, August 16th. Fundamental Research set a $60.23 price objective on Zepp Health and gave the stock a "buy" rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $60.23.

Zepp Health Price Performance

The company has a market cap of $717.82 million, a price-to-earnings ratio of -10.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 1.10. The company has a 50-day simple moving average of $26.04 and a 200-day simple moving average of $10.74.

About Zepp Health

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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