Fitbit Inc. (NYSE:FIT) moved up 0.35% and closed its last trading session at $14.2. This Computer and Technology Sector stock currently has the Market Capitalization of 3.14 Billion. The Average Volume for the stock is measured as 8.63 Million. The Stock has a 52-Week High of $41.97 and 52-Week Low of $11.65 following the dates, it touched its 52-Week High on Nov 2, 2015 and 52-Week Low on Jun 29, 2016. Currently, the Return on Assets value for the trailing twelve months is 8% with the Return on Equity and Return on Investment of 12.5% and 24% respectively. This firm currently has YTD (year to date) performance of -52.01 Percent which is not good. The Short Ratio for the stock is 5.75.
Fitbit Inc. (NYSE:FIT) Price to Earnings (P/E) ratio is 28.74. EPS or Earning per Share stands at $0.49. The TTM operating margin is 9.3 percent.
Fitbit Inc. (NYSE:FIT) is due to report its Earnings on Wed 2 Nov (In 10 Days). The estimated EPS for the current quarter is said to be $0.11. Following Earnings result, share price were DOWN 4 times out of last 5 Qtrs. The stock has added about 7.9% since it reported its last earnings. The Closing price of Fitbit Inc. (NYSE:FIT) at Last Earnings was $13.16 as compared to the previous closing price of $14.15. The Predicted Move on the 7th day after Fitbit Inc. (NYSE:FIT) will release its earnings at about 18%.
By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Fitbit Inc. (NYSE:FIT) beats earnings by 100%, The Stock Missed Earnings 0 times and has met earnings 0 times.
We will discuss the past Quarters Earnings below:
Fitbit Inc. (NYSE:FIT) reported its previous quarter on 08/02/2016 where it reported the Actual Earnings of $0.12. The Closing price before the company posted its earnings was $13.16. The Stock surged on the very next day of earnings and maintained its stock price at $14.93 by showing a % change of 13.45 percent from its previous closing price. The Next Day Volume after Earnings was reported as 37.55 Million. On the 7th day After Earnings Report, the stock hit its share price as $15.65 by showing 18.92% increase from the Stock price Before Earnings were reported.
On 05/04/2016, the stock reported the EPS of $0.1 where Analysts were projecting the EPS to be $0.03 showing a difference of $0.07. Thus Surprise Factor was there with 233.3 percent. Before Earnings Announcement on 05/04/2016, the firm had its stock price of $17.1. And immediately on the next day after earnings announcement, the stock declined -18.83% and closed its trading session at $13.88. On 7th Day after earnings release, Fitbit Inc. (NYSE:FIT) dropped to -18.6% from $17.1 to $13.92.
On Next Day, Analysts were suspecting EPS of $0.25/share where Fitbit Inc. (NYSE:FIT) reported its Actual EPS of $0.35. Thus showing a Surprise of 40 percent. The Closing Price of the stock before earnings was $0.093 while on the Next day the stock closed its trading session at $0.1345 with a percentage change of 9.6% from the price of 0.093 before Earnings. The Stock Closing Price on the 7th day of earnings was $1. Earning Dates Reminder.
Fitbit, Inc. provides wearable health and fitness tracking devices. It offers various products, including Fitbit Zip, an entry-level wireless tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; Fitbit Flex, a wristband-style tracker that tracks steps, distance, calories burned, active minutes, and sleep; and Fitbit Charge, an activity and sleep wristband, which tracks steps, distance, calories burned, active minutes, floors climbed, and sleep. The company also provides Fitbit Alta, a customizable wristband that offers call, text, and calendar notifications when paired with the users phone and SmartTrack automatic exercise recognition; and Fitbit Charge HR, a wireless heart rate and activity wristband. In addition, it offers Fitbit Blaze, a smart fitness watch that provides multi-sport functionality, tracks outdoor cycling activity, and provides run cues; Fitbit Surge, a fitness watch that features a GPS watch, heart rate tracker, activity tracker, and smartwatch; Aria, a Wi-Fi connected scale that tracks weight, body fat percentage, and body mass index; and Fitbit accessories that include bands and frames for Fitbit Blaze, bands for Fitbit Alta, colored bands for Fitbit Flex, colored clips for Fitbit One and Fitbit Zip, device charging cables, wireless sync dongles, band clasps, sleep bands, and Fitbit apparel. The company offers its products through consumer electronics and specialty retailers, e-Commerce retailers, sporting goods and outdoors retailers, and wireless carriers; and corporate wellness channels, as well as directly worldwide. The company was formerly known as Healthy Metrics Research, Inc. and changed its name to Fitbit, Inc. in October 2007. Fitbit, Inc. was founded in 2007 and is headquartered in San Francisco, California.