With continued surprises in Fitbit earnings, and a P/E growth ratio of 0.6, this stock is several undervalued...why?
With the increasing pressure of competitors in the market, and the backlash from investors over the Blaze announcement, Fitbit's stock has continued to tumble. However, is this finally the upward trend in the stock that has the highest market share, in the fastest growing wearables sector, with the product lines that sell best in the regions where there is the most revenue in the wearables sector?!?!?!
Hopefully not, because it represents a huge opportunity to buy!!!
With the increasing pressure of competitors in the market, and the backlash from investors over the Blaze announcement, Fitbit's stock has continued to tumble. However, is this finally the upward trend in the stock that has the highest market share, in the fastest growing wearables sector, with the product lines that sell best in the regions where there is the most revenue in the wearables sector?!?!?!
Hopefully not, because it represents a huge opportunity to buy!!!