MILPITAS, Calif. - Zepp Health Corporation (NYSE: ZEPP) has announced that its latest product, the Amazfit Helio Ring, will be available for purchase in the United States starting May 15, 2024. The smart ring, which can also be bought as a bundle with the Amazfit Cheetah Pro or Amazfit T-Rex Ultra smartwatches, is designed to provide athletes with detailed insights into their performance and recovery.
The Amazfit Helio Ring, which debuted at CES 2024 and received accolades including 'Best Fitness Wearable' from Tom's Guide, is a lightweight wearable crafted from titanium alloy meant to be worn on the finger. It is touted as offering superior recovery monitoring by measuring health data more accurately due to its proximity to the user's pulse.
When used in conjunction with an Amazfit smartwatch and the Zepp App, the Helio Ring's capabilities are enhanced, allowing athletes to access a unified platform for health and fitness monitoring. This includes a daily Readiness score derived from comprehensive sleep data, which is part of the new recovery overview feature in the Zepp App. The app collates metrics such as sleep score, full recovery time, sleep heart rate variability, and sleep resting heart rate.
The Amazfit Helio Ring is priced at $299.99 as a standalone purchase, with a discounted price of $149.99 when bundled with select Amazfit smartwatches. Details on the full bundle pricing will be released in the near future. The initial inventory will have limited sizing options, with plans to offer additional sizes and expand market availability at a later date.
Zepp Health, known for its Amazfit brand, has shipped over 200 million units worldwide and operates in over 90 countries. The company emphasizes its commitment to helping users optimize their health and fitness journeys through innovative products like the Amazfit Helio Ring.
InvestingPro Insights
As Zepp Health Corporation (NYSE: ZEPP) gears up for the U.S. launch of its Amazfit Helio Ring, investors may be eyeing the company's financial health and market performance with as much scrutiny as athletes will examine their fitness data. Here are some key metrics and insights from InvestingPro to consider:
InvestingPro Data:
- The company's market capitalization stands at a modest $50.4M, reflecting its position in the competitive wearables market.
- Zepp Health is trading at a low Price / Book multiple of 0.15, which could signal that the company's assets are potentially undervalued in the current market scenario.
- Revenue for the last twelve months as of Q4 2023 was reported at $351.56M, but it's important to note there has been a significant decline in revenue growth of -39.77% during the same period.
InvestingPro Tips:
- Zepp Health's management has been actively engaging in share buybacks, which can often be interpreted as a sign of confidence in the company's future prospects.
- Despite the challenges, the company is trading at a low revenue valuation multiple, which might attract investors looking for potential undervalued opportunities.
For readers who are considering a deeper dive into Zepp Health's financials and market performance, there are 11 additional InvestingPro Tips available. These tips can provide further insights into the company's debt levels, profitability, and stock price performance over various timeframes. To explore these tips and make more informed investment decisions, visit https://www.investing.com/pro/ZEPP and remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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