Hot Performer of the day: Fitbit Inc. (NYSE:FIT)

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u.s stocks update

Fitbit Inc. (NYSE:FIT) Belonging to the Computer and Technology sector which surged 0.13% and closed its last trading session at $14.84.

The company reported its last EPS on 6/30/2016 and is expected to report its next EPS on 11/7/2016. Currently, the stock has a 1 Year Price Target of $21.38.

The consensus recommendation, according to Zacks Investment research, is 2.14. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 2 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2 and 2 respectively.

Fitbit Inc. on 6/30/2016 reported its EPS as $0.12 with the analysts projecting the EPS of the stock as $0.11. The company beat the analyst EPS Estimate with the difference of $0.01. This shows a surprise factor of 9.1%.

Many analysts have provided their estimated foresights on Fitbit Inc. Earnings, with 21 analysts believing the company would generate an Average Estimate of $0.19. Whereas they predicted High and Low Earnings Estimate as $0.21 and $0.16 respectively. While in the same Quarter Previous year, the Actual EPS was $0.24.

Analysts are also projecting an Average Revenue Estimate for Fitbit Inc. as $503.02 Million in the Current Quarter. This estimate is provided by 18 analysts. The High Revenue estimate is predicted as 528.2 Million, while the Low Revenue Estimate prediction stands at 489.7 Million. The company’s last year sales total was 409.26 Million.

For the Current Quarter, the growth estimate for Fitbit Inc. is -20.8%, while for the Next Quarter the stock growth estimate is 117.1%. In the past 5 years, the stock showed growth of 0% per annum. While for the next 5 years, the growth estimate is 20.36%.

The Company got Downgrade by Pacific Crest on 29-Sep-16 from Sector Weight to Underweight.

Insider Trades for Fitbit Inc. show that the latest trade was made on 6 Sep 2016 where Roberts (Timothy M), the Officer completed a transaction type “Gift” in which 38736 shares were traded at a price of $0.

7 Insider Sales transactions were made totaling 17895900 shares traded.

16 analysts projected Price Targets for Fitbit Inc. The analysts believe that the company stock price could grow as high as $31. The Low Price target projection by analysts is $14 and the Mean Price Target is $21.38.

Fitbit Inc. (NYSE:FIT) has the market capitalization of $3.29 Billion. The company rocked its 52-Week High of $41.97 on Nov 2, 2015 and touched its 52-Week Low of $11.65 on Jun 29, 2016. The stock has Return on Assets (ROA) of 8 percent. Return on Equity (ROE) stands at 12.5% and Return on Investment (ROI) of 24 percent.

The stock is currently showing YTD performance of -49.85 Percent. The company has Beta Value of 0 and ATR value of 0.62. The Weekly and Monthly Volatility stands at 3.91% and 3.66%.

Company profile:

Fitbit Inc. manufactures and markets wearable fitness-tracking devices. The Company’s product consists of Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Charge HR, Fitbit Surge and Aria. It also offers accessories which include bands and clips, charging cables and Fitbit apparel. Fitbit Inc. is headquartered in San Francisco, California.