Fitbit (FIT) : Traders are bullish on Fitbit (FIT) as it has outperformed the S&P 500 by a wide margin of 11.89% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.26%, 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 12.74% in the last 1 week, and is up 14.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Fitbit (NYSE:FIT): The stock opened at $15.47 on Friday but the bulls could not build on the opening and the stock topped out at $15.59 for the day. The stock traded down to $15.02 during the day, due to lack of any buying support eventually closed down at $15.40 with a loss of -0.19% for the day. The stock had closed at $15.43 on the previous day. The total traded volume was 11,092,175 shares.
The stock has recorded a 20-day Moving Average of 14.09% and the 50-Day Moving Average is 14.64%. Fitbit Inc. is up 13.07% in the last 3-month period. Year-to-Date the stock performance stands at -47.96%.
Fitbit (FIT) : The highest level Fitbit (FIT) is projected to reach is $32 for the short term and the lowest estimate is at $14. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $21.06 and the possibility the share price can swing is $4.89.
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.