GoPro Inc (NASDAQ:GPRO) price on Wednesday, November 13, fall -6.25% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.35.
A look at the stock’s price movement, the close in the last trading session was $1.44, moving within a range at $1.33 and $1.43. The beta value (5-Year monthly) was 1.559. Turning to its 52-week performance, $3.80 and $1.16 were the 52-week high and 52-week low respectively. Overall, GPRO moved 7.14% over the past month.
GoPro Inc’s market cap currently stands at around $212.49 million, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 196.5M for the company’s revenue for the quarter, with a low and high estimate of 195M and 198M respectively. The average forecast suggests down to a -33.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 799.84M, representing a -20.50% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GPRO is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend GPRO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GPRO’s current price about -3.09% and 0.84% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.57, while 7-day volatility ratio is 12.32% and 7.29% in the 30-day chart. Further, GoPro Inc (GPRO) has a beta value of 1.57, and an average true range (ATR) of 0.11. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $5 and high of $5. Looking at the price targets, the low is -270.37% off current price level while to achieve the yearly target high, price needs to move -270.37%. Nonetheless, investors will most likely welcome a -270.37% jump to $5 which is the analysts’ median price.
If we refocus on GoPro Inc (NASDAQ:GPRO), historical trading data shows that trading volumes averaged 1.99 over the past 10 days and 1.24 million over the past 3 months. The company’s latest data on shares outstanding shows there are 123.64 million shares.
The 19.88% of GoPro Inc’s shares are in the hands of company insiders while institutional holders own 45.13% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.72 million on 2024-10-31, giving us a short ratio of 6.32. The data shows that as of 2024-10-31 short interest in GoPro Inc (GPRO) stood at 451.99999999999994 of shares outstanding, with shares short falling to 6.26 million registered in 2024-09-30. Current price change has pushed the stock -61.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GPRO stock continues to rise going into the next quarter.
