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Fitbit, Inc is currently in a long term uptrend where the price is trading 3.0% above its 200 day moving average.
From a valuation standpoint, the stock is 94.5% cheaper than other stocks from the Technology sector with a price to sales ratio of 1.4.
Fitbit, Inc's total revenue rose by 4.8% to $364M since the same quarter in the previous year.
Its net income has dropped by 4.9% to $-54M since the same quarter in the previous year.
Finally, its free cash flow grew by 52.2% to $-27M since the same quarter in the previous year.
Based on the above factors, Fitbit, Inc gets an overall score of 4/5.
Exchange | NYSE |
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Sector | Technology |
ISIN | US33812L1026 |
CurrencyCode | USD |
Industry | Scientific & Technical Instruments |
Dividend Yield | 0.0% |
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Market Cap | 2B |
Beta | 0.68 |
Target Price | 7.35 |
PE Ratio | None |
Fitbit, Inc., a technology company, provides health solutions in the United States and internationally. The company offers a line of devices, including Fitbit Charge 3, Fitbit Inspire, Fitbit Inspire HR, and Fitbit Ace 2 activity trackers; Fitbit Ionic and Fitbit Versa family of smartwatches, as well as Fitbit Flyer wireless headphones and the Fitbit Aria family of connected scales; and accessories, such as bands and frames for its devices. It also offers Fitbit online dashboard and mobile apps that sync automatically with and display real-time data from its wearable devices; and Fitbit Care, a connected health platform for health plans, employers, and health systems. In addition, the company provides Fitbit Premium, a paid subscription service that uses the data of users to deliver actionable guidance and coaching to help users achieve their health and fitness goals, as well as includes Fitbit Coach that offers exercise programs through personal trainer and yoga apps. It sells its products through consumer electronics and specialty, e-commerce, mass merchant, department store, club, and sporting goods and outdoors retailers; wireless carriers; distributors; and Fitbit.com, an online store, as well as directly to consumers. Fitbit, Inc. has a collaboration with The Scripps Research Institute and Stanford Medicine to study the role of wearables to detect, track, and contain infectious diseases, such as COVID-19.; and partnership with Solera Health to reduce risk of type 2 diabetes. The company was formerly known as Healthy Metrics Research, Inc. and changed its name to Fitbit, Inc. in October 2007. Fitbit, Inc. was founded in 2007 and is headquartered in San Francisco, California.
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