Fitbit’s Growth Engines Are Warming Up [The Motley Fool]
FITBIT INC (FIT)
NASDAQ:AMEX Investor Relations:
investor.fitbit.com/overview/default.aspx
Company Research
Source: The Motley Fool
The device maker finally made its move toward smartwatches, but investors shouldn't expect quick gains. Fitbit ( NYSE:FIT ) has been paying a big price for being late to the smartwatch game. The company missed the shift in consumer preferences and surrendered its lead in the wearables market to a big shark like Apple , which didn't waste much time in stamping its authority on this still-growing space. Not surprisingly, Fitbit's device sales fell nearly 27% year over year in the first quarter of fiscal 2018, thanks to the waning demand for its fitness trackers. But a closer look reveals that Fitbit is finally making the jump from focusing on fitness trackers to smartwatches successfully. Its smartwatch sales nearly doubled last quarter, but this is just the beginning as there are some solid reasons why this device category could catalyze the company's long-term growth. Image Source: Fitbit Smartwatches are finally taking off for Fitbit Smartwatches su
Show less
Read more
Impact Snapshot
Event Time:
FIT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FIT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FIT alerts
High impacting FITBIT INC news events
Weekly update
A roundup of the hottest topics