GoPro Inc (NASDAQ:GPRO) price on Wednesday, May 21, fall -4.29% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.59.
A look at the stock’s price movement, the close in the last trading session was $0.62. Turning to its 52-week performance, $1.76 and $0.40 were the 52-week high and 52-week low respectively. Overall, GPRO moved 20.00% over the past month.
GoPro Inc’s market cap currently stands at around $95.06 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 146.15M for the company’s revenue for the quarter, with a low and high estimate of 144.3M and 148M respectively. The average forecast suggests down to a -21.52% 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 731.99M, representing a -8.67% 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 100% Sell. On the other hand, the stock is on average a 100% 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 -1.61% and -3.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.08, while 7-day volatility ratio is 6.28% and 8.15% in the 30-day chart. Further, GoPro Inc (GPRO) has a beta value of 1.32, and an average true range (ATR) of 0.05. 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 -747.46% off current price level while to achieve the yearly target high, price needs to move -747.46%. Nonetheless, investors will most likely welcome a -747.46% 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 4.44 million over the past 3 months. The company’s latest data on shares outstanding shows there are 131.29 million shares.
The 19.44% of GoPro Inc’s shares are in the hands of company insiders while institutional holders own 41.78% of the company’s shares. Current price change has pushed the stock -45.56% 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.
