Fitbit (FIT) : Traders are bullish on Fitbit (FIT) as it has outperformed the S&P 500 by a wide margin of 7.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.63%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.96% in the last 1 week, and is up 7.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.01% and the fifty day Moving Average is 7.07%. Fitbit Inc. is up 2.44% in the last three month period. Year-to-Date the stock performance stands at -50.42%.
Fitbit (FIT) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $32 and the lowest price target forecast is $14. The average forecast of all the analysts is $21.27 and the expected standard deviation is $4.99.
Fitbit (NYSE:FIT): On Fridays trading session , Opening price of the stock was $14.73 with an intraday high of $14.94. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.47. However, the stock managed to close at $14.67, a loss of 0.81% for the day. On the previous day, the stock had closed at $14.79. The total traded volume of the day was 6,227,332 shares.
Fitbit, Inc. (Fitbit) is a provider of health and fitness products. The Companys Fitbit platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights, and virtual coaching through fitness plans and interactive workouts. It offers a number of fitness products, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Charge HR, Fitbit Surge and Aria. Its wrist-based and clippable devices automatically track users daily steps, calories burned, distance traveled, floors climbed, and active minutes and display real-time feedback to encourage them to become more active in their daily lives. Fitbit Premium is its membership that serves as an around the clock virtual personal trainer delivered to users through any Web browser. It operates FitStar, a provider of interactive video-based exercise experiences on mobile devices and computers.