NEW YORK (TheStreet) -- Shares of Fitbit (FIT) were up 1.65% to $37.67 in early market trading Tuesday, adding to its gains following its initial public offering debut on the floor of the New York Stock Exchange last week.
Cramer added that despite the big rally, the stock is still a bargain.
San Francisco-based Fitbit priced its initial public offering at $20 per share, above early expectations.
The fitness device company now has a total market cap of about $7.82 billion as of 10:19 a.m. ET today.
Fitbit is a provider of health and fitness products, that combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights, and virtual coaching through fitness plans and interactive workouts.
The company offers a number of fitness products, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Charge HR, Fitbit Surge and Aria.