TheStreet upgraded Fitbit Inc (NYSE:FIT) to Hold in a report released today.
- Updated: September 23, 2016
Just yesterday Fitbit Inc (NYSE:FIT) traded 3.01% higher at $17.00. Fitbit Inc’s 50-day moving average is $15.20 and its 200-day moving average is $14.56. The last stock price is up 15.11% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 7,689,368 shares of FIT traded hands, down from an average trading volume of 8,731,420
TheStreet has upgraded Fitbit Inc (NYSE:FIT) to Hold in a report released on 09/22/2016.
Previously on Thursday September 22, 2016, Vetr Inc. released a statement about Fitbit Inc (NYSE:FIT) increased the target price from $0.00 to $18.46. At the time, this indicated a possible upside of 0.10%.
Recent Performance Chart
Fitbit Inc has 52 week low of $11.65 and a 52 week high of $41.97 with a PE ratio of 35.36 and has a market capitalization of $0.
In addition to TheStreet reporting its stock price target, a total of 17 brokers have issued a research note on the company. The average stock price target is $22.29 with 0 brokers rating the stock a strong buy, 0 analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero firms rating the stock a sell.
About Fitbit Inc (NYSE:FIT)
Fitbit, Inc. is a provider of health and fitness devices. The Company's 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 customized fitness plans and interactive workouts. It offers various fitness devices, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Blaze, Fitbit Charge HR, Fitbit Surge and Aria. Its platform includes wearable connected health and fitness trackers, which are wrist-based and clippable devices that automatically track users daily steps, calories burned, distance traveled, and active minutes and display real-time feedback. Its trackers also measure sleep duration and quality, and its products track heart rate and global positioning system-based information. It also offers a wireless fidelity connected scale that records weight, body fat and body mass index.
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