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Fitbit (FIT) is expected to perform seriously bad in 2019, and the market estimates it will be performing dreadfully in the following years.
Investing in the company presents a dangerous risk-reward proposition with unfortunate downside and terrible upside potential, and as for its price, it is dreadfully overvalued.
Fitbit is a small-cap company with a market cap of about $810 Million with favorable financials. Google (GOOG)(GOOGL)'s increasing push in wearables could be the critical factor that moves the valuation to the lower end of the spectrum.