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Fitbit Stock Price, News & Analysis (NYSE:FIT)

$3.67
+0.11 (+3.09 %)
(As of 10/13/2019 04:00 PM ET)
Today's Range
$3.54
Now: $3.67
$3.70
50-Day Range
$2.87
MA: $3.55
$4.18
52-Week Range
$2.81
Now: $3.67
$6.96
Volume4.30 million shs
Average Volume6.22 million shs
Market Capitalization$948.14 million
P/E RatioN/A
Dividend YieldN/A
Beta1.59
Fitbit, Inc, a technology company, provides health solutions in the United States and internationally. The company offers a line of devices, including Fitbit Charge 3, Fitbit Surge, Fitbit Blaze, Fitbit Charge 2, Alta HR, Alta, Fitbit Ace, Fitbit Flex 2, Fitbit One, and Fitbit Zip activity trackers; Fitbit Ionic and Fitbit Versa smartwatches; Fitbit Aria 2 Wi-Fi smart scales; and a range of accessories, such as bands and frames for its devices, as well as Fitbit Flyer, a wireless headphone designed for fitness. Read More…

Industry, Sector and Symbol

Industry Electronic computers
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone415-513-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.51 billion
Book Value$3.39 per share

Profitability

Net Income$-185,830,000.00

Miscellaneous

Employees1,694
Market Cap$948.14 million
Next Earnings Date10/30/2019 (Estimated)
OptionableOptionable

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Fitbit (NYSE:FIT) Frequently Asked Questions

What is Fitbit's stock symbol?

Fitbit trades on the New York Stock Exchange (NYSE) under the ticker symbol "FIT."

How were Fitbit's earnings last quarter?

Fitbit Inc (NYSE:FIT) released its earnings results on Wednesday, July, 31st. The scientific and technical instruments company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.03. The scientific and technical instruments company earned $313.56 million during the quarter, compared to analysts' expectations of $311.59 million. Fitbit had a negative return on equity of 15.67% and a negative net margin of 8.69%. The firm's revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.22) earnings per share. View Fitbit's Earnings History.

When is Fitbit's next earnings date?

Fitbit is scheduled to release their next quarterly earnings announcement on Wednesday, October 30th 2019. View Earnings Estimates for Fitbit.

What guidance has Fitbit issued on next quarter's earnings?

Fitbit issued an update on its FY19 earnings guidance on Wednesday, July, 31st. The company provided EPS guidance of ($0.38-0.31) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.15). The company issued revenue guidance of $1.43-1.48 billion, compared to the consensus revenue estimate of $1.56 billion.

What price target have analysts set for FIT?

5 equities research analysts have issued 12-month price objectives for Fitbit's stock. Their forecasts range from $2.00 to $8.00. On average, they anticipate Fitbit's stock price to reach $4.76 in the next year. This suggests a possible upside of 29.7% from the stock's current price. View Analyst Price Targets for Fitbit.

What is the consensus analysts' recommendation for Fitbit?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fitbit in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fitbit.

Has Fitbit been receiving favorable news coverage?

Media headlines about FIT stock have been trending somewhat positive on Sunday, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Fitbit earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave news stories about the scientific and technical instruments company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Fitbit.

Are investors shorting Fitbit?

Fitbit saw a increase in short interest in September. As of September 30th, there was short interest totalling 25,390,000 shares, an increase of 10.5% from the August 30th total of 22,970,000 shares. Based on an average daily volume of 5,660,000 shares, the short-interest ratio is currently 4.5 days. Approximately 11.4% of the company's shares are sold short. View Fitbit's Current Options Chain.

Who are some of Fitbit's key competitors?

What other stocks do shareholders of Fitbit own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fitbit investors own include Paypal (PYPL), Actinium Pharmaceuticals (ATNM), Netflix (NFLX), Twitter (TWTR), NVIDIA (NVDA), Tesla (TSLA), GoPro (GPRO), Micron Technology (MU), Alibaba Group (BABA) and General Electric (GE).

Who are Fitbit's key executives?

Fitbit's management team includes the folowing people:
  • Mr. James Park, Co-Founder, Chairman, CEO & Pres (Age 43)
  • Mr. Eric N. Friedman, Co-Founder, CTO & Director (Age 42)
  • Mr. Jeffrey P. Devine, Exec. VP of Operations (Age 58)
  • Mr. Andrew P. Missan, Exec. VP, Gen. Counsel & Sec. (Age 57)
  • Mr. Ronald W. Kisling, Chief Financial Officer (Age 58)

When did Fitbit IPO?

(FIT) raised $448 million in an initial public offering on Thursday, June 18th 2015. The company issued 29,900,000 shares at a price of $14.00-$16.00 per share. Morgan Stanley, Deutsche Bank Securities and BofAMerrill Lynch acted as the underwriters for the IPO and Barclays, SunTrust Robinson Humphrey, Piper Jaffray, Raymond James, Stifel and William Blair were co-managers.

How do I buy shares of Fitbit?

Shares of FIT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Fitbit's stock price today?

One share of FIT stock can currently be purchased for approximately $3.67.

How big of a company is Fitbit?

Fitbit has a market capitalization of $948.14 million and generates $1.51 billion in revenue each year. The scientific and technical instruments company earns $-185,830,000.00 in net income (profit) each year or ($0.60) on an earnings per share basis. Fitbit employs 1,694 workers across the globe.View Additional Information About Fitbit.

What is Fitbit's official website?

The official website for Fitbit is http://www.fitbit.com/.

How can I contact Fitbit?

Fitbit's mailing address is 199 Fremont Street 14th Floor, San Francisco CA, 94105. The scientific and technical instruments company can be reached via phone at 415-513-1000 or via email at [email protected]


MarketBeat Community Rating for Fitbit (NYSE FIT)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  760 (Vote Outperform)
Underperform Votes:  752 (Vote Underperform)
Total Votes:  1,512
MarketBeat's community ratings are surveys of what our community members think about Fitbit and other stocks. Vote "Outperform" if you believe FIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/13/2019 by MarketBeat.com Staff

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