|Bid||12.70 x 4000|
|Ask||13.40 x 800|
|Day's Range||12.93 - 13.39|
|52 Week Range||12.75 - 32.17|
|Beta (3Y Monthly)||-0.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.80|
Fitbit Stock Has Been Volatile This Year—What Lies Ahead?(Continued from Prior Part)Smartwatch accounted for 44% of total sales last year Fitbit (FIT) is one of the top players in the wearables space. It competes with tech giants such as Apple and
Fitbit Stock Has Been Volatile This Year—What Lies Ahead?Fitbit stock is up over 11% in 2019Shares of consumer tech company Fitbit (FIT) are up over 11% so far in 2019. From the start of this year to February 27, 2019, the stock rose 28%. It then
Fossil Group Inc NASDAQ/NGS:FOSLView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is high Bearish sentimentShort interest | NegativeShort interest is extremely high for FOSL with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting FOSL. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding FOSL are favorable with net inflows of $183.57 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Despite all the international dialogue around climate change and the Paris accord signed four years ago, the world is no closer to balancing its energy needs against the risks of global climate instability. The latest figures from the International Energy Agency suggest we are heading for at least a 2C increase in global mean temperatures. This is well beyond the 1.5C now regarded by the Intergovernmental Panel on Climate Change as the threshold at which a serious impact on climatic conditions is likely.
Time may be ticking toward an economic slump in Europe, judging by the mood at the continent’s big watch and jewelry show known as Baselworld. KeyBanc Capital Markets analyst Edward Yruma came away from Baselworld noticing a palpable gloom about sales conditions for luxury fashion accessories on the continent and in the UK. “A number of brands and non-U.S. retailers remained highly circumspect about current business trends,” Yruma wrote in a note recapping the event.
As a value investor, I seldom buy back into a name I've previously owned once I've closed the position. Fossil rose more quickly than I thought it would, greatly exceeding my expectations, so I closed the position after a six-month hold.
Fossil (FOSL) is struggling with soft sales, owing to persistent sluggishness in the traditional watches, and leather and jewelry businesses.
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Fitbit's (NASDAQ:FIT) upcoming fourth-quarter results are likely to show that its recent, positive trends are accelerating. As a result, Fitbit stock will probably rise meaningfully in the wake of the report. * 9 High-Growth Stocks to Buy Now for Monster Returns Source: Shutterstock Of course, Q4 earnings per share will be a crucial metric for Fitbit and Fitbit stock, especially because the holiday shopping season, which is very important for the company's overall results, occurred last quarter.In Q3, the company's bottom line was positive for the first time in many quarters. Assuming that the company's Versa smartwatch and its Charge 3 fitness tracker continued to be popular with consumers in Q4, Fitbit's EPS should increase meaningfully above the 4 cents that it reported in Q3.InvestorPlace - Stock Market News, Stock Advice & Trading TipsResearch firm Roth Capital believes that the company's products were indeed popular with holiday shoppers. On Jan. 3, the research firm told its clients that FIT "likely had strong holiday sales that will lead to a 'solid' Q4 report," Seeking Alpha reported. Among the evidence cited by Roth for its hypothesis were "internal checks, top seller lists, app downloads, and limited discounting." The firm reiterated its $8 price target and its "buy" rating on the stock.In the past, Roth has been upbeat about Fitbit's ability to generate "tens of millions of dollars in recurring sales" from companies and health insurers that want to use Fitbit's products to improve the health of their employees and beneficiaries, respectively. Long-Term, Positive Trends Likely to Lift FIT StockThe revenue generated by Fitbit Health Solutions, the company's business that focuses on selling devices and services to enterprises, jumped 26% year over year in Q3. However, FIT noted that the unit accounted for less than 10% of its Q3 revenue. As more health insurers, hospitals and companies use FIT's devices to help combat obesity and detect health problems such as atrial fibrillation and sleep apnea, the unit's revenue growth should accelerate meaningfully and account for a much greater percentage of FIT's overall revenue.And as Fitbit Health Solutions' trends improve, investors will become more confident in the company's ability to grow its recurring revenue and improve its overall results going forward. As a result, the acceleration of Fitbit Health Solutions will prove to be a powerful, positive catalyst for FIT stock.If the growth of the unit's revenue accelerated meaningfully and it generated more than 10% of the company's revenue last quarter, more investors will look to buy FIT stock in the wake of the results, boosting Fitbit stock. Gartner, Google, And FitbitIn another positive note for Fitbit, research firm Gartner in November predicted that consumer spending on smartwatches would reach $16.2 billion. According to Counterpoint Research, Fitbit had a 16% share of the smartwatch market in the third quarter of 2018. up from just 6% during the same period a year earlier.If FIT's market share rises to 20% this year, and we assume that Gartner's forecast is correct, then Fitbit's revenue will jump to $3.2 billion in 2019, That would mean the current price-to-sales ratio of FIT stock is about 0.5. Backing out Fitbit's cash would lower the ratio to less than 0.33. That's quite minuscule for a company that's gaining share in a growing sector and appears to be on the verge of profitability.After Google (NASDAQ:GOOG, NASDAQ:GOOGL) agreed to buy smartwatch technology from Fossil (NASDAQ:FOSL) in mid-January, speculation arose that Google was looking to improve its own smartwatch operating system and launch its own Pixel watch.However, given Google's partnership with Fitbit, the search-engine giant may have made the deal with Fossil to enhance products the two companies are developing together. As a result, Google's deal with Fossil could actually be bullish for Fitbit stock. * 10 Monthly Dividend Stocks to Buy to Pay the Bills The Bottom Line on Fitbit StockFitbit looks poised to report meaningful Q4 profits -- and its relatively strong bottom line should boost Fitbit stock in the wake of the results. Also likely to boost FIT stock are the growth of Fitbit's sales to enterprises and the evolution of its partnership with Google, along with the expansion of the smartwatch market.As of this writing, Larry Ramer owned shares of FIT stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Consumer Stocks to Buy for Income * 7 Dark Horse Stocks You Really Need to Look at for 2019 * 7 Retail Stocks to Buy for the Rise of Menswear Compare Brokers The post Fitbit Stock Likely to Rise After Fourth-Quarter Results appeared first on InvestorPlace.
After a mercurial debut, the dreaded "C-word" took down fitness-tracking device maker Fitbit (NYSE:FIT) in the most ignominious manner. I'm talking of course about commoditization that has plague FIT stock. As fierce competition from Garmin (NASDAQ:GRMN), Apple (NASDAQ:AAPL), even Fossil Group (NASDAQ:FOSL) came, Fitbit stock crumbled under the pressure.Source: Denis Kortunov via Flickr (Modified)And let's just be real, folks: commoditization represents the core reason why many investors remain skeptical on FIT stock despite its newfound bullishness. On the surface, a Fitbit tracker offers nothing that other competitors can't replicate. Therefore, the only distinguishing factor is the price point.Here, I've argued that FIT offers better pricing options on absolute and relative scales. For athletes, especially those in extreme sports, the idea of risking a pricey Apple Watch is itself extreme. More importantly, those who need fitness trackers from a health standpoint are typically modest income earners.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Smart Money Stocks to Buy Now Naturally, this dynamic favors Fitbit stock. However, our own Vince Martin recently pointed out that over the trailing year, FIT has lost its "pricing edge." When that happens, we typically see the ugly work behind commoditization.I'm not fear-mongering. Both Martin and I have brought up commoditization as a significant headwind that hurt Apple shares. Essentially, when you have no new ideas, you can' continue to charge premiums on your products. Competitors move in, and entice customers to make the switch through attractive pricing.Plus, Martin adds a specific argument against FIT stock: the underlying company features stretched financials. Sure, they have a stable balance sheet. But in terms of capturing additional earnings growth, they remain deeply challenged. Since Fitbit can't cut more fat than they already have, they must boost sales by a massive amount.Under such a pressured environment, you should probably walk away from Fitbit stock. Or maybe not… The Compelling Narrative Driving Fitbit StockBefore I get into the contrarian argument for FIT stock, you should recognize the red flags. Shares gyrated all over the map last year. Fundamentally, the consumer tech firm must overcome an uphill battle. Every indicator suggests you run, and I don't blame you if that's you.That said, my proposal is that it's not entirely irrational to buy Fitbit stock. Of course, it's a risky, speculative play, and you could end up burning your portfolio. At the same time, you have the possibility of huge gains, if only that the masses don't see the opportunity.It all comes down to branding. First, Fitbit stock, unlike the competition, represents a pure, fitness and health-oriented company. As such, the company features over 25 million active users. More importantly, these are users dedicated to fitness.That sounds like an obvious point. But as InvestorPlace contributor Chris Lau notes, Fitbit leverages this singular expertise into a massive data set.Why is this important? If you truly want to attain better health metrics, a superior data set helps streamline your efforts. That way, you're not wasting your time performing ineffective exercises.Second, this distinct focus towards all things health-related helps Fitbit stock overcome the commoditization label. Martin correctly that the tech firm's partnerships with health insurers and corporations is vulnerable to competition. However, I'd gently counter that Fitbit has that relationship on lockdown.While FIT has lost its pricing edge, it still offers superior pricing options. For example, I highly doubt that a big-box retailer would offer its employees Apple Watches.Furthermore, if the above parties were truly interested in worker health, they'd go with the most effective product. Plugged into the Fitbit network, you receive an array of vital tips, information, and metrics that you don't have with competitor brands. FIT Stock and Missed OpportunitiesTranslating the Fitbit brand's superiority to the mainstream public, though, remains a tough endeavor. After all, to recognize the data advantages, a consumer must look beyond the superficialities.But with the company's fresh approach to female health tracking, FIT stock can capture a missed opportunity. For one thing, the move is marketing brilliance. Biologically, women and men are built differently.By openly recognizing that women have unique health considerations, Fitbit taps into a tech void, separating itself from its rivals.Additionally, those rivals will find tremendous difficulty challenging Fitbit stock in this arena. Again, the underlying company has the superior data set. They can commoditize all they want: astute women will recognize Fitbit's core attributes once its first-to-market advantage wears off.Another missed opportunity is the modest-income category which I referenced earlier. Priced for mass appeal, the latest Fitbit Versa smartwatch outsold the competition. With this move, FIT proved it can make cheap and compelling products.More significantly, scientific research indicates a correlation between low income and obesity risks. While companies like Apple specialize in higher-end devices, the real need for fitness-oriented devices are those with smaller paychecks.Essentially, FIT is hitting passing lanes where defensive pressure is sparse. That kind of smart thinking might just boost Fitbit stock this year.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Cheap Stocks to Buy Right Now * 5 Stocks Under $5 to Buy Before They Soar * 5 Consumer Stocks to Cash Out Of Compare Brokers The post The Speculative, But Compelling, Reason to Bet on FIT Stock appeared first on InvestorPlace.
NEW YORK, Feb. 20, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
took a rather wild ride Thursday after reporting ever-important fourth-quarter earnings results after Wednesday's market close. While Fossil earned $1.01 a share for the quarter, that figure missed consensus expectations by eight cents.
Fossil Group Inc (NASDAQ: FOSL ) shares were sinking Thursday, one day after the watchmaker reported a fourth-quarter earnings miss and weak first-quarter sales guidance. Fossil guided to Q1 sales falling ...