Shareholder returns and stock trends
Fitbit (FIT) generated investor returns of -59% in the trailing-12-month period and -23% in the trailing-one-month period. In comparison, it generated year-to-date returns of -21.7%. The company’s share price fell 3.7% in the trailing-five-day period.
Fitbit’s peers in the technology (QQQ) sector are Apple (AAPL), Garmin (GRMN), and Microsoft (MSFT). These companies generated returns of 2.3%, 1.6%, and 1.7%, respectively, in the trailing-five-day period.
On February 13, 2017, Fitbit closed the trading day at $5.73. Based on this figure, here’s how the stock fared in terms of its moving averages on the day:
- 41.2% below its 100-day moving average of $9.74
- 20.6% below its 50-day moving average of $7.21
- 12% below its 20-day moving average of $6.51
Moving average convergence divergence and RSI
A company’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. Fitbit’s 14-day MACD is -0.47. This negative figure indicates a downward trading trend.
The company’s 14-day RSI (relative strength index) is 19, which shows that the stock is oversold. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI figure of below 30 suggests that a stock has been oversold.
Of the 21 analysts covering Fitbit, three have issued “buy” recommendations, three have issued a “sell” recommendations, and 15 have issued “hold” recommendations on the stock.
The analyst stock price target for the company is $8 with a median target estimate of $7. These targets mean that Fitbit is trading at a discount of 22% to the median analyst price target.