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Projecting The Future

Shares of Fitbit Inc (NYSE:FIT) ended Monday session in green amid volatile trading. The shares closed up +0.20 points or 2.17% at $9.42 with 7.98 million shares getting traded. Post opening the session at $9.48, the shares hit an intraday low of $9.33 and an intraday high of $9.63 and the price vacillated in this range throughout the day.

Market Cap/Outstanding Shares

The company has a market cap of $2.19 billion and the number of outstanding shares have been calculated to be 223.75 million shares.

Performance weekly/monthly/quarterly/yearly in percentage (%)

The performance for the week is valued at 8.40%, resulting in a performance for the month at -28.09%. Therefore, the stated figure displays a quarterly performance of -38.87% and an annual performance of -66.19%.traded up 2.17% on 14 November, 2016 hitting $9.42.

EPS (Earning Per Share )

The EPS of FIT is strolling at 0.41, measuring its EPS growth this year at 297.90%. As a result, the company has an EPS growth of 14.09% for the approaching year.

P/E-P/S-P/B-P/C

FIT P/E ratio is measuring at 22.81 with a forward P/E of 14.19. As of now, Fitbit Inc has a P/S value of 0.88, measuring P/B at 1.88. Its P/Cash is valued at 3.03.

ATR/Volatility

Avg. true range is 0.66. Historically, the volatility of this stock is about 5.69% a week and 6.55% a month.

Fitbit Inc (FIT) recently stated revenue of $504 million, GAAP diluted net income per share of $0.11, non-GAAP diluted net income per share of $0.19, GAAP net income of $26 million, and Adjusted EBITDA of $81 million, for its third quarter of 2016.

Third Quarter 2016 Financial Highlights

  • Revenue raised 23% year-over-year to $504 million
  • U.S. comprised 72% of Q316 revenue; EMEA 16%, APAC 7%, and Other Americas 5%
  • U.S. revenue grew 33% year-over-year; EMEA 64%, APAC (45)%, and Other Americas 7%
  • GAAP net income of $26 million, non-GAAP net income of $46 million
  • GAAP diluted net earnings per share (EPS) of $0.11, non-GAAP EPS of $0.19
  • Adjusted EBITDA of $81 million
  • New products – Fitbit Blaze TM, Alta TM, Fitbit Charge 2 TM, Fitbit Flex 2 TM and related accessories – comprised 79% of Q316 revenue, contrast to 54% in Q216.
  • GAAP and non-GAAP gross margin were flat year-over-year at 48% and up 600 basis points sequentially. Higher estimated warranty claims for legacy products were offset by lower costs on certain replacement units.
  • GAAP operating expenses raised by 52% and non-GAAP operating expenses raised by 46% mainly driven by a 93% increase in GAAP and 91% increase in non-GAAP R&D spend. Sales and Marketing costs remain the leading expense line item with GAAP and non-GAAP costs rising 23%. The expense in R&D and sales and marketing was to bolster innovation and growth. The bulk of the expense came from headcount. R&D headcount raised 105% year-over-year and represented about 60% of our workforce.

“I am happy to see positive reception for our new products launched in the third quarter. We are attracting new customers while our existing ones are upgrading their devices, underscoring the strength of the Fitbit brand and growing relevancy of wearables as part of consumers’ everyday lives,” said James Park, Fitbit co-founder and CEO. “We continue to grow and are profitable, however not at the pace formerly expected. We are focused on improving the utility of our products and integrating more deeply into the healthcare ecosystem and believe we can leverage our brand and community to unlock new avenues and adjacencies of growth.”

 

 

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