financial chart

Fitbit Inc (NYSE:FIT) shares traded 0.67% up during most recent session to reach at the closing price of $5.97. The stock exchanged hands 5.3 Million shares versus average trading capacity of 6.63 Million shares, yielding a market cap of $1.37 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $6.71 within the next 52-weeks. The mean target projections are based on 14 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Fitbit Inc (NYSE:FIT) high price target of $10 and with a conservative view have low price target of $5.

Deutsche Bank “Maintained” Fitbit Inc (NYSE:FIT) in a research note issued to investors on 8/03/17 to Hold with price target of $5.5.

Additionally on 4/25/17 Benchmark “Initiates Coverage On” Fitbit Inc (NYSE:FIT) to Buy setting price target at $10 and on 1/31/17 Citigroup “Downgrades” the stock to Sell at $0. Furthermore on 12/08/16 Deutsche Bank “Downgrades” the stock to Hold at $9.

On the other hand the company has Relative Strength Index (RSI 14) of 62.08 along with Average True Range (ATR 14) of 0.27, Consequently Fitbit Inc (NYSE:FIT)’s weekly and monthly volatility is 4.68%, 5.02% respectively. The company’s beta value is at 0.

In terms of Buy, Sell or Hold recommendations, Fitbit Inc (NYSE:FIT) has analysts’ mean recommendation of 2.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Fitbit Inc (NYSE:FIT)’s minimum EPS for the current quarter is at $-0.07 and can go high up to $-0.02. The consensus mean EPS for the current quarter is at $-0.04 derived from a total of 16 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.19 earnings per share for the same quarter during last year.

Previously Fitbit Inc (NYSE:FIT) reported $-0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.15 by $0.07. The company posted an earnings surprise of 46.7%.

Fitbit Inc (NYSE:FIT)’s revenue estimates for the current quarter are $392.05 Million according to 13 number of analysts, for the current quarter the company has high revenue estimates of $397.66 Million in contradiction of low revenue estimates of $388.9 Million. For the current year the company’s revenue estimates are $1.62 Billion compared to low analyst estimates of $1.55 Billion and high estimates of $1.69 Billion according to 16 number of analysts.

Currently Fitbit Inc (NYSE:FIT)’s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 62.5%. However the six-month change in the insider ownership was recorded -88.24%, as well as three-month change in the institutional ownership was recorded 11.46%.

Fitbit Inc (NYSE:FIT) 52-week high price stands at $17.18 and low price stands at $4.90, its price distance from 52-week high is -65.25% while its distance from 52-week low price is 21.84%. The stock hit its 52-week high on 09/23/16, and 52-week low on 06/22/17.

Fitbit Inc (NYSE:FIT)’s trailing twelve month revenues are $1.73 Billion, whereas its price to sales ratio for the same period is 0.79. Its book value per share for the most recent quarter is $4.02 while its price to book ratio for the same period is 1.49, as for as the company’s cash per share for the most recent quarter is $2.94, however its price to cash per share ratio for the same period is 2.03. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.