Intrinsic value of Fitbit - FIT

Previous Close

$6.67

  Intrinsic Value

$0.81

stock screener

  Rating & Target

str. sell

-88%

Previous close

$6.67

 
Intrinsic value

$0.81

 
Up/down potential

-88%

 
Rating

str. sell

We calculate the intrinsic value of FIT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  1,648
  1,686
  1,730
  1,778
  1,832
  1,891
  1,956
  2,025
  2,101
  2,181
  2,267
  2,359
  2,457
  2,562
  2,672
  2,789
  2,913
  3,044
  3,183
  3,329
  3,483
  3,646
  3,817
  3,998
  4,188
  4,389
  4,600
  4,822
  5,055
  5,301
Variable operating expenses, $m
  1,384
  1,416
  1,452
  1,493
  1,538
  1,587
  1,641
  1,699
  1,762
  1,830
  1,894
  1,971
  2,053
  2,140
  2,232
  2,330
  2,434
  2,543
  2,659
  2,781
  2,910
  3,046
  3,189
  3,340
  3,499
  3,667
  3,843
  4,029
  4,224
  4,429
Fixed operating expenses, $m
  479
  490
  501
  512
  523
  534
  546
  558
  570
  583
  596
  609
  622
  636
  650
  664
  679
  694
  709
  725
  741
  757
  774
  791
  808
  826
  844
  863
  882
  901
Total operating expenses, $m
  1,863
  1,906
  1,953
  2,005
  2,061
  2,121
  2,187
  2,257
  2,332
  2,413
  2,490
  2,580
  2,675
  2,776
  2,882
  2,994
  3,113
  3,237
  3,368
  3,506
  3,651
  3,803
  3,963
  4,131
  4,307
  4,493
  4,687
  4,892
  5,106
  5,330
Operating income, $m
  -215
  -220
  -223
  -226
  -229
  -231
  -232
  -232
  -232
  -231
  -223
  -221
  -218
  -215
  -210
  -205
  -200
  -193
  -186
  -177
  -168
  -157
  -146
  -133
  -119
  -104
  -87
  -69
  -50
  -29
EBITDA, $m
  -191
  -195
  -198
  -201
  -203
  -204
  -204
  -204
  -203
  -202
  -199
  -196
  -193
  -188
  -183
  -177
  -170
  -162
  -153
  -143
  -132
  -120
  -106
  -92
  -76
  -59
  -40
  -20
  2
  26
Interest expense (income), $m
  1
  0
  1
  2
  3
  4
  5
  7
  9
  10
  12
  14
  17
  19
  21
  24
  27
  30
  33
  36
  40
  43
  47
  51
  56
  60
  65
  70
  76
  81
  87
Earnings before tax, $m
  -215
  -221
  -225
  -229
  -233
  -236
  -239
  -241
  -243
  -244
  -237
  -237
  -237
  -236
  -234
  -232
  -229
  -226
  -222
  -217
  -211
  -204
  -197
  -189
  -179
  -169
  -158
  -145
  -131
  -116
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -215
  -221
  -225
  -229
  -233
  -236
  -239
  -241
  -243
  -244
  -237
  -237
  -237
  -236
  -234
  -232
  -229
  -226
  -222
  -217
  -211
  -204
  -197
  -189
  -179
  -169
  -158
  -145
  -131
  -116

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,614
  1,652
  1,694
  1,742
  1,794
  1,852
  1,915
  1,984
  2,057
  2,136
  2,221
  2,311
  2,407
  2,509
  2,617
  2,732
  2,853
  2,982
  3,117
  3,260
  3,412
  3,571
  3,739
  3,916
  4,102
  4,299
  4,505
  4,723
  4,951
  5,192
Adjusted assets (=assets-cash), $m
  1,614
  1,652
  1,694
  1,742
  1,794
  1,852
  1,915
  1,984
  2,057
  2,136
  2,221
  2,311
  2,407
  2,509
  2,617
  2,732
  2,853
  2,982
  3,117
  3,260
  3,412
  3,571
  3,739
  3,916
  4,102
  4,299
  4,505
  4,723
  4,951
  5,192
Revenue / Adjusted assets
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
Average production assets, $m
  170
  174
  178
  183
  189
  195
  201
  209
  216
  225
  234
  243
  253
  264
  275
  287
  300
  314
  328
  343
  359
  376
  393
  412
  431
  452
  474
  497
  521
  546
Working capital, $m
  -91
  -93
  -95
  -98
  -101
  -104
  -108
  -111
  -116
  -120
  -125
  -130
  -135
  -141
  -147
  -153
  -160
  -167
  -175
  -183
  -192
  -201
  -210
  -220
  -230
  -241
  -253
  -265
  -278
  -292
Total debt, $m
  15
  33
  53
  76
  101
  129
  159
  192
  227
  265
  306
  349
  395
  444
  495
  550
  609
  670
  735
  804
  876
  952
  1,033
  1,118
  1,207
  1,301
  1,400
  1,504
  1,614
  1,729
Total liabilities, $m
  773
  791
  811
  834
  860
  887
  918
  950
  985
  1,023
  1,064
  1,107
  1,153
  1,202
  1,254
  1,309
  1,367
  1,428
  1,493
  1,562
  1,634
  1,710
  1,791
  1,876
  1,965
  2,059
  2,158
  2,262
  2,372
  2,487
Total equity, $m
  841
  860
  883
  907
  935
  965
  998
  1,034
  1,072
  1,113
  1,157
  1,204
  1,254
  1,307
  1,363
  1,423
  1,486
  1,553
  1,624
  1,699
  1,777
  1,860
  1,948
  2,040
  2,137
  2,240
  2,347
  2,460
  2,580
  2,705
Total liabilities and equity, $m
  1,614
  1,651
  1,694
  1,741
  1,795
  1,852
  1,916
  1,984
  2,057
  2,136
  2,221
  2,311
  2,407
  2,509
  2,617
  2,732
  2,853
  2,981
  3,117
  3,261
  3,411
  3,570
  3,739
  3,916
  4,102
  4,299
  4,505
  4,722
  4,952
  5,192
Debt-to-equity ratio
  0.020
  0.040
  0.060
  0.080
  0.110
  0.130
  0.160
  0.190
  0.210
  0.240
  0.260
  0.290
  0.310
  0.340
  0.360
  0.390
  0.410
  0.430
  0.450
  0.470
  0.490
  0.510
  0.530
  0.550
  0.560
  0.580
  0.600
  0.610
  0.630
  0.640
Adjusted equity ratio
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521
  0.521

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -215
  -221
  -225
  -229
  -233
  -236
  -239
  -241
  -243
  -244
  -237
  -237
  -237
  -236
  -234
  -232
  -229
  -226
  -222
  -217
  -211
  -204
  -197
  -189
  -179
  -169
  -158
  -145
  -131
  -116
Depreciation, amort., depletion, $m
  24
  25
  25
  26
  26
  27
  27
  28
  29
  30
  23
  24
  25
  26
  28
  29
  30
  31
  33
  34
  36
  38
  39
  41
  43
  45
  47
  50
  52
  55
Funds from operations, $m
  -191
  -196
  -200
  -204
  -207
  -209
  -211
  -213
  -214
  -214
  -214
  -213
  -212
  -210
  -207
  -204
  -199
  -195
  -189
  -183
  -175
  -167
  -158
  -147
  -136
  -124
  -110
  -95
  -79
  -61
Change in working capital, $m
  -2
  -2
  -2
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -12
  -12
  -13
  -14
Cash from operations, $m
  -189
  -194
  -198
  -201
  -204
  -206
  -208
  -209
  -210
  -210
  -209
  -208
  -206
  -204
  -201
  -197
  -193
  -187
  -181
  -174
  -167
  -158
  -148
  -138
  -126
  -113
  -99
  -83
  -66
  -48
Maintenance CAPEX, $m
  -17
  -17
  -17
  -18
  -18
  -19
  -19
  -20
  -21
  -22
  -22
  -23
  -24
  -25
  -26
  -28
  -29
  -30
  -31
  -33
  -34
  -36
  -38
  -39
  -41
  -43
  -45
  -47
  -50
  -52
New CAPEX, $m
  -3
  -4
  -4
  -5
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -11
  -11
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
Cash from investing activities, $m
  -20
  -21
  -21
  -23
  -24
  -25
  -26
  -27
  -29
  -30
  -31
  -32
  -34
  -36
  -37
  -40
  -42
  -44
  -45
  -48
  -50
  -53
  -56
  -58
  -61
  -64
  -67
  -70
  -74
  -77
Free cash flow, $m
  -209
  -215
  -220
  -224
  -228
  -231
  -234
  -236
  -238
  -239
  -240
  -241
  -241
  -240
  -239
  -237
  -234
  -231
  -227
  -222
  -217
  -211
  -204
  -195
  -187
  -177
  -165
  -153
  -140
  -125
Issuance/(repayment) of debt, $m
  15
  18
  20
  23
  25
  28
  30
  33
  35
  38
  40
  43
  46
  49
  52
  55
  58
  61
  65
  69
  72
  76
  80
  85
  89
  94
  99
  104
  110
  115
Issuance/(repurchase) of shares, $m
  233
  240
  247
  254
  260
  266
  272
  276
  281
  285
  281
  284
  287
  289
  291
  292
  293
  293
  292
  291
  290
  288
  285
  281
  276
  271
  265
  258
  250
  241
Cash from financing (excl. dividends), $m  
  248
  258
  267
  277
  285
  294
  302
  309
  316
  323
  321
  327
  333
  338
  343
  347
  351
  354
  357
  360
  362
  364
  365
  366
  365
  365
  364
  362
  360
  356
Total cash flow (excl. dividends), $m
  39
  43
  48
  53
  58
  63
  68
  73
  78
  83
  81
  87
  92
  98
  104
  110
  117
  123
  130
  138
  145
  153
  162
  170
  179
  189
  199
  209
  220
  231
Retained Cash Flow (-), $m
  -233
  -240
  -247
  -254
  -260
  -266
  -272
  -276
  -281
  -285
  -281
  -284
  -287
  -289
  -291
  -292
  -293
  -293
  -292
  -291
  -290
  -288
  -285
  -281
  -276
  -271
  -265
  -258
  -250
  -241
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  92
  94
  96
  99
  101
  104
  108
  111
  115
  120
  124
  129
  134
  140
  146
  152
  159
  166
  174
  181
  190
  199
  208
  218
  228
  239
  250
  262
  275
  288
Cash available for distribution, $m
  -194
  -197
  -199
  -201
  -202
  -203
  -204
  -203
  -203
  -202
  -200
  -198
  -195
  -191
  -187
  -182
  -176
  -169
  -162
  -154
  -144
  -134
  -123
  -111
  -97
  -83
  -67
  -49
  -30
  -10
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  -186
  -180
  -173
  -165
  -157
  -147
  -138
  -127
  -117
  -106
  -95
  -84
  -74
  -64
  -55
  -46
  -38
  -31
  -25
  -20
  -15
  -11
  -8
  -6
  -4
  -2
  -1
  -1
  0
  0
Current shareholders' claim on cash, %
  86.9
  75.5
  65.5
  56.8
  49.2
  42.7
  37.2
  32.4
  28.3
  24.8
  21.9
  19.3
  17.1
  15.3
  13.7
  12.3
  11.0
  10.0
  9.1
  8.3
  7.6
  7.0
  6.5
  6.0
  5.6
  5.3
  4.9
  4.7
  4.4
  4.2

Fitbit, Inc. is a provider of health and fitness devices. The Company's platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts. It offers various fitness devices, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Flex 2, Fitbit Charge, Fitbit Charge 2, Fitbit Blaze, Fitbit Charge HR, Fitbit Surge, Fitbit Accessories and Aria. Its platform includes wearable connected health and fitness trackers, which are wrist-based and clippable devices that automatically track users daily steps, calories burned, distance traveled, and active minutes and display real-time feedback. Its trackers also measure sleep duration and quality, and its products track heart rate and global positioning system-based information. It also offers a wireless fidelity connected scale.

FINANCIAL RATIOS  of  Fitbit (FIT)

Valuation Ratios
P/E Ratio -14.6
Price to Sales 0.7
Price to Book 1.5
Price to Tangible Book
Price to Cash Flow 13.7
Price to Free Cash Flow 48.6
Growth Rates
Sales Growth Rate 16.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 154.8%
Cap. Spend. - 3 Yr. Gr. Rate 58.1%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage -108
Management Effectiveness
Return On Assets -6.1%
Ret/ On Assets - 3 Yr. Avg. 13.7%
Return On Total Capital -10.4%
Ret/ On T. Cap. - 3 Yr. Avg. 34.2%
Return On Equity -10.4%
Return On Equity - 3 Yr. Avg. 67.2%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 39%
Gross Margin - 3 Yr. Avg. 45.2%
EBITDA Margin -3.2%
EBITDA Margin - 3 Yr. Avg. 11.1%
Operating Margin -5.2%
Oper. Margin - 3 Yr. Avg. 11.5%
Pre-Tax Margin -5%
Pre-Tax Margin - 3 Yr. Avg. 9.8%
Net Profit Margin -4.7%
Net Profit Margin - 3 Yr. Avg. 7.5%
Effective Tax Rate 5.5%
Eff/ Tax Rate - 3 Yr. Avg. 16.7%
Payout Ratio 0%

FIT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FIT stock intrinsic value calculation we used $1616 million for the last fiscal year's total revenue generated by Fitbit. The default revenue input number comes from 2017 income statement of Fitbit. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our FIT stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for FIT is calculated based on our internal credit rating of Fitbit, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Fitbit.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of FIT stock the variable cost ratio is equal to 84%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $469 million in the base year in the intrinsic value calculation for FIT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Fitbit.

Corporate tax rate of 27% is the nominal tax rate for Fitbit. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the FIT stock is equal to 5.7%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for FIT are equal to 10.3%.

Life of production assets of 10 years is the average useful life of capital assets used in Fitbit operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for FIT is equal to -5.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $824 million for Fitbit - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 232 million for Fitbit is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Fitbit at the current share price and the inputted number of shares is $1.5 billion.

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COMPANY NEWS

▶ Fitbit Schedules Q218 Financial Results for August 1, 2018   [Jul-17-18 04:05PM  Business Wire]
▶ 5 Top Stocks Under $10   [Jul-14-18 02:20PM  Motley Fool]
▶ Why Fitbit Inc's Shares Have Risen 16.2% So Far in 2018   [Jul-13-18 10:29PM  Motley Fool]
▶ Why Fitbit Stock Isnt Worth More Than $6   [02:01PM  InvestorPlace]
▶ San Francisco office rents climb for the first time in two years   [05:42PM  American City Business Journals]
▶ Why Facebook Killed a Trio of Once-Promising Apps   [Jul-05-18 07:47PM  Motley Fool]
▶ Fitbit or Garmin: Which Is the Better Wearables Play?   [Jun-29-18 08:11AM  Motley Fool]
▶ 2 Tech Stock Comebacks on the Rise: Fitbit and GoPro   [Jun-27-18 12:07PM  InvestorPlace]
▶ Fitbit Is Finally a Real Apple Smartwatch Competitor   [Jun-23-18 09:19AM  Motley Fool]
▶ Can Fitbit Stock Keep Going After Last Week's 14% Pop?   [Jun-18-18 04:20PM  Motley Fool]
▶ Fitbit Shows Signs of Life   [01:00PM  TheStreet.com]
▶ Top 3 Shareholders of Fitbit (FIT)   [10:24AM  Investopedia]
▶ 3 Terrible Stocks for Retirees   [Jun-17-18 03:03PM  Motley Fool]
▶ Better Buy: Under Armour, Inc. vs. Fitbit   [01:00PM  Motley Fool]
▶ 3 Stocks That Could Double Your Money   [Jun-15-18 08:19PM  Motley Fool]
▶ Is Fitbit's Rally for Real This Time?   [02:31PM  Motley Fool]
▶ Six former and current Fitbit employees indicted by federal prosecutors   [10:55AM  American City Business Journals]
▶ 5 Top Stock Trades for Friday Morning   [Jun-14-18 04:14PM  InvestorPlace]
▶ Why Fitbit Shares Jumped Today   [Jun-11-18 05:32PM  Motley Fool]
▶ Why Fitbit Stock Soared Today   [04:59PM  Motley Fool]
▶ 5 Top Stock Trades for Tuesday Morning   [04:04PM  InvestorPlace]
▶ Fitbit Stock: Next Target, $15?   [03:03PM  Motley Fool]
▶ Fitbit CFO William Zerella Resigns   [Jun-06-18 06:02PM  The Wall Street Journal]
▶ Fitbit Stock Recovers After CFO Departure   [04:55PM  TheStreet.com]
▶ [$$] Fitbit shares fall as finance chief announces departure   [Jun-05-18 11:03PM  Financial Times]
▶ 5 Top Stock Trades for Wednesday Morning   [03:51PM  InvestorPlace]
▶ Listener Question: What About Garmin?   [10:59AM  Motley Fool]
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