XIACF - Huami: Affordable Wearables Tech Company At An Attractive Price
Huami (HMI) listed its shares on the NYSE in February 2018 at $11. Currently the stock trades at $8.26 and we think the share price will rebound 40%+ in the next 12 months.
Background
Founded in December 2013, Huami is China's answer to Fitbit (FIT). The company designs and develops bio-metric and activity data-driven fitness and smart watches. Functions of the company's smart watches include activity tracking, sleep tracking, smart notifications from mobile devices, GPS, heart rate sensing, water resistance and wireless syncing with mobile phones.
Xiaomi (XIACF,