Fitbit Inc (FIT) Stock Forecast & Predictions

Fitbit Inc - Class A FIT: $6.93

199 Fremont St Fl 14, San Francisco, California, US. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.fitbit.com

  • Market Cap$1.70B
  • Change (52 Weeks)0.00%
  • Low (52 Weeks)$0
  • Fitbit Inc (FIT) Forecast Based on Technical Analysis


    Neutral
    Based on 0 Technical Indicators where NaN% are on Buy, NaN% on Sell, and NaN% Neutral.

    According to the market data, Fitbit Inc (FIT) stock price is $6.93 and the 52 weeks low is $0, which means the Fitbit Inc stock price is returning to its initial position. in the last 12 months.

    Fitbit Inc (FIT) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 0 technical indicators, NaN% are indicating that FIT Stock price might rise further, NaN% indicating that FIT Stock price might fall, and NaN% are in a neutral position.

    Based on these technical algorithms, overall FIT stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a signal.

    Fitbit Inc (FIT) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Fitbit Inc (FIT) is based on 19 Institutional Analyst Ratings where 21.05% are on Strong Buy, 10.53% on Moderate Buy, 57.89% remains on Hold, 5.26% are on Moderate Sell and 5.26% are on Strong Sell.

    Out of 19 Institutional Analysts, majority recommended FIT stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Fitbit Inc.

    Fitbit Inc (FIT) Stock Forecast Based on Investor Sentiment


    Neutral
    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with FIT stock holdings and found that 0.00% of them are bullish. Which means the Investor Sentiment is mostly Neutral.

    This shows most investors at this stage are confused about FIT stock price, whille half of them are optimistic that the price can rise further, half of them think the stock is overvalued and the price can fall anytime.

    Fitbit Inc (FIT) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Morgan StanleyUnderweightDowngraded
    DA DavidsonNeutralDowngraded
    CitigroupNeutralUpgraded
    WedbushNeutralMaintained
    WedbushNeutralMaintained
    DA DavidsonBuyUpgraded
    WedbushNeutralDowngraded
    WedbushOutperformUpgraded
    WedbushNeutralMaintained
    Stifel NicolausHoldMaintained
    Bank of AmericaUnderperformMaintained
    Bank of AmericaUnderperformMaintained
    DA DavidsonNeutralInitiated
    Morgan StanleyUnderweightDowngraded
    Morgan StanleyEqual-WeightMaintained
    CitigroupSellMaintained
    Stifel NicolausHoldUpgraded
    Roth CapitalBuyInitiated
    Stifel NicolausSellDowngraded
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankHoldMaintained
    BenchmarkBuyInitiated
    CitigroupSellDowngraded
    Deutsche BankHoldDowngraded
    Pacific CrestSector WeightUpgraded
    WedbushNeutralDowngraded
    BarclaysEqual-WeightDowngraded
    SunTrust Robinson HumphreyHoldDowngraded
    Stifel NicolausHoldMaintained
    PiperJaffrayUnderweightDowngraded
    Morgan StanleyEqual-WeightDowngraded
    MizuhoNeutralDowngraded
    Longbow ResearchNeutralDowngraded
    Leerink SwannMarket PerformMaintained
    Cowen & Co.Market PerformMaintained
    CitigroupNeutralDowngraded
    Bank of AmericaUnderperformDowngraded
    Pacific CrestUnderweightDowngraded
    Morgan StanleyOverweightMaintained
    Longbow ResearchBuyMaintained
    Deutsche BankBuyMaintained
    Bank of AmericaBuyMaintained
    Wells FargoMarket PerformInitiated
    WedbushOutperformInitiated
    Cowen & Co.Market PerformMaintained
    Longbow ResearchBuyInitiated
    BarclaysOverweightMaintained
    SunTrust Robinson HumphreyBuyMaintained
    Stifel NicolausHoldDowngraded
    Raymond JamesOutperformMaintained
    PiperJaffrayNeutralDowngraded
    Pacific CrestSector WeightDowngraded
    Leerink SwannMarket PerformDowngraded
    Deutsche BankBuyMaintained
    BairdNeutralDowngraded
    Pacific CrestOverweightMaintained
    SunTrust Robinson HumphreyBuyMaintained
    OppenheimerOutperformInitiated
    CitigroupBuyInitiated
    Stifel NicolausBuyMaintained
    Raymond JamesOutperformUpgraded
    MizuhoBuyInitiated
    Ladenburg ThalmannNeutralInitiated
    BarclaysOverweightUpgraded
    Bank of AmericaBuyUpgraded
    SunTrust Robinson HumphreyBuyMaintained
    Sterne Agee CRTNeutralInitiated
    Cleveland ResearchNeutralInitiated
    Pacific CrestOverweightInitiated
    Cowen & Co.Market PerformInitiated
    Morgan StanleyOverweightUpgraded
    DoughertyNeutralDowngraded
    Morgan StanleyEqual-WeightInitiated
    William BlairMarket PerformInitiated
    SunTrust Robinson HumphreyBuyInitiated
    Stifel NicolausBuyInitiated
    Raymond JamesMarket PerformInitiated
    PiperJaffrayOverweightInitiated
    Morgan StanleyEqual-WeightInitiated
    Deutsche BankBuyInitiated
    BarclaysEqual-WeightInitiated
    Bank of AmericaNeutralInitiated
    BairdOutperformInitiated
    RBC CapitalOutperformInitiated
    Leerink SwannOutperformInitiated

    Fitbit Inc (FIT) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.137
    The average consensus EPS for FIT is $-0.137 with a high estimate of $-0.095 and Low of $-0.178 for the period 2021-06-30 and based on 3 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.03$-0.12591672020-09-30


    The latest average Earning Per Share Estimate for Fitbit Inc is $-0.14, which is lower than FIT's last EPS, $-0.03. This means that Analysts are expecting Fitbit Inc to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Fitbit Inc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $-0.03$-0.12591672020-09-30
    $-0.12$-0.220180000000000012020-06-30
    $-0.24$-0.16336752020-03-31
    $-0.12$0.031312019-12-31
    $-0.1$-0.0996872019-09-30
    $-0.14$-0.182812019-06-30
    $-0.15$-0.22311912019-03-31
    $0.14$0.075477300000000012018-12-31
    $0.04$-0.00817092018-09-30
    $-0.22$-0.24218792018-06-30
    $-0.17$-0.19687932018-03-31
    $-0.02$-0.0035352017-12-31
    $-0.01$-0.03246142017-09-30
    $-0.08$-0.14834882017-06-30
    $-0.15$-0.18651672017-03-31
    $-0.56$-0.50180842016-12-31
    $0.19$0.19430382016-09-30
    $0.12$0.10965572016-06-30
    $0.1$0.02789622016-03-31
    $0.35$0.25621682015-12-31
    $0.24$0.09743472015-09-30
    $0.21$0.08082015-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).