How Do Analysts View Fitbit Stock?
Fitbit stock (FIT) has declined significantly over the last few years. The stock touched an all-time high of $47.51 in August 2015 and has since fallen to $4.50. Fitbit stock declined 11% last month and is down 15.9% in October 2018. The stock has lost 21% in 2018. Fitbit was once the market leader in the global wearable market. However, it has since lost the position to Apple. A fall in product sales has impacted profitability as well.