How Fitbit Inc. Might Come Back From the Dead

Many investors have left Fitbit (NYSE: FIT) for dead. The stock plunged more than 60% over the past 12 months due to its slowing sales growth and widening losses, and now trades 70% below its IPO price. Fitbit also lost its crown as the world's top wearables maker to Xiaomi and Apple (NASDAQ: AAPL), according to IDC, and is struggling to widen its moat against an ever-growing list of fitness tracker makers.

I'm still bearish on Fitbit's future, but I think investors shouldn't overlook four ways it could still come back from the dead.

Professional volleyball player Gabby Reece wears a Fitbit Surge. Source: Fitbit.

Source: Fool.com