Investors Should Take Note Of GoPro Inc (GPRO)

GoPro Inc (GPRO) concluded trading on Thursday at a closing price of $1.25, with 3.7 million shares of worth about $4.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -24.24% during that period and on November 14, 2024 the price saw a loss of about -7.41%. Currently the company’s common shares owned by public are about 123.64M shares, out of which, 122.36M shares are available for trading.

Stock saw a price change of -13.79% in past 5 days and over the past one month there was a price change of -3.10%. Year-to-date (YTD), GPRO shares are showing a performance of -63.98% which decreased to -63.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.16 but also hit the highest price of $3.80 during that period. The average intraday trading volume for GoPro Inc shares is 1.25 million. The stock is currently trading -10.20% below its 20-day simple moving average (SMA20), while that difference is down -6.62% for SMA50 and it goes to -25.01% lower than SMA200.

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GoPro Inc (NASDAQ: GPRO) currently have 123.64M outstanding shares and institutions hold larger chunk of about 45.19% of that.

The stock has a current market capitalization of $196.75M and its 3Y-monthly beta is at 1.56. It has posted earnings per share of -$2.63 in the same period. It has Quick Ratio of 0.87 while making debt-to-equity ratio of 0.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GPRO, volatility over the week remained 12.76% while standing at 7.64% over the month.

Stock’s fiscal year EPS is expected to drop by -1120.60% while it is estimated to increase by 105.61% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 15.00% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on February 08, 2024 offering a Neutral rating for the stock and assigned a target price of $2 to it. Coverage by Morgan Stanley stated GoPro Inc (GPRO) stock as an Underweight in their note to investors on December 12, 2023, suggesting a price target of $3 for the stock. On November 04, 2022, Oppenheimer Downgrade their recommendations, while on November 04, 2022, JP Morgan Downgrade their ratings for the stock with a price target of $6. Stock get a Buy rating from Jefferies on February 28, 2022.

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