GoPro Inc (NASDAQ:GPRO) shares, rose in value on Friday, November 01, with the stock price up by 1.48% to the previous day’s close as strong demand from buyers drove the stock to $1.37.
Actively observing the price movement in the last trading, the stock closed the session at $1.35, falling within a range of $1.335 and $1.4. The value of beta (5-year monthly) was 1.554. Referring to stock’s 52-week performance, its high was $3.80, and the low was $1.16. On the whole, GPRO has fluctuated by 6.20% over the past month.
With the market capitalization of GoPro Inc currently standing at about $212.86 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 864.74M, with a low estimate of 255M and a high estimate of 255M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 255M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GPRO’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of GPRO currently trading nearly 3.40% and 4.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.82, while the 7-day volatility ratio is showing 9.06% which for the 30-day chart, stands at 4.62%. Furthermore, GoPro Inc (GPRO)’s beta value is 1.56, and its average true range (ATR) is 0.07.
A comparison of GoPro Inc (GPRO) with its peers suggests the former has fared considerably weaker in the market. GPRO showed an intraday change of 1.48% in last session, and over the past year, it shrunk by -45.42%%.
Data on historical trading for GoPro Inc (NASDAQ:GPRO) indicates that the trading volumes over the past 10 days have averaged 1.09 and over the past 3 months, they’ve averaged 1.21 million. According to company’s latest data on outstanding shares, there are 123.64 million shares outstanding.
Nearly 19.88% of GoPro Inc’s shares belong to company insiders and institutional investors own 44.62% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.28 million shares as on 2024-10-15, resulting in a short ratio of 6.88. According to the data, the short interest in GoPro Inc (GPRO) stood at 505.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 6.72 million. The stock has fallen by -60.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GPRO stock heading into the next quarter.
