Time for Investors to Take the Plunge on Fitbit Inc. (NYSE:FIT)

Equity Research firms currently have a positive stance on shares of Fitbit Inc. (NYSE:FIT). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.30. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $21.38 on a short term basis.

At the time of writing, the stock was trading at $14.73. This represents a change from the opening price of -0.30%. In terms of performance, year to date, the stock is -50.05%. The monthly stock performance comes in at -1.14%. For the quarter, shares are performing at 20.06%. Weekly performance analysis shows the equity at -10.32%.

In taking a look at technical levels, shares are trading -2.07% away from the 50 day simple moving average and -6.60% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -64.92% away from it’s 52- week high and 26.39% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Fitbit Inc.’s RSI stands at 40.60. In looking at volatility levels, the shares saw weekly volatility of 3.71% and 3.53% over the past month.

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