GoPro Inc. (GPRO) Stock: Identifying Value and Future Vision

As of right now, GoPro Inc. [GPRO] is trading at $6.30, up 2.44%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GPRO shares have gain 6.24% over the last week, with a monthly amount glided 26.51%, and seem to be holding up well over a long-time horizon.

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On 26, January 2023, GoPro’s 5th Million Dollar Challenge Now Open for Global Submissions. In a post published today on Yahoo Finance, From Amazing Athletic Feats and Awe-Inspiring Shots to Everyday Moments Captured in Unique Perspectives, the Million Dollar Challenge features the Creativity and Ingenuity of the GoPro Community.

From an analyst’s perspective:

GoPro Inc. [NASDAQ: GPRO] stock has seen the most recent analyst activity on November 04, 2022, when Oppenheimer downgraded its rating to a Perform. Previously, JP Morgan downgraded its rating to Neutral on November 04, 2022, and dropped its price target to $6. On February 28, 2022, Jefferies initiated with a Buy rating and assigned a price target of $12 on the stock. Wedbush upgraded its rating to a Outperform and increased its price target to $13.50 on December 13, 2021. JP Morgan upgraded its rating to a Overweight and raised its price target to $15 on November 18, 2021. Morgan Stanley upgraded its rating to Equal-Weight for this stock on November 11, 2021, and upped its price target to $11. In a note dated March 16, 2020, Citigroup downgraded an Sell rating on this stock and revised its target price from $4.50 to $2.50.

Through the last year, GoPro Inc.’s stock price ranged from $4.50 to $9.49. Currently, Wall Street analysts expect the stock to reach $6.90 within the next 12 months. GoPro Inc. [NASDAQ: GPRO] shares were valued at $6.30 at the most recent close of the market. An investor can expect a potential return of 9.52% based on the average GPRO price forecast.

Analyzing the GPRO fundamentals

For GoPro Inc., (GPRO), the latest quarter sales were 305.13 billion, which represents an -3.70% decrease. Gross Margin for this corporation currently stands at +41.20% with Operating Margin at +9.96%, Pretax Margin comes in at +7.76%, and Net Margin reading is +31.97%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.12 points at the first support level, and at 5.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.40, and for the 2nd resistance point, it is at 6.49.

GoPro Inc. [GPRO] reported earnings per share of $0.08 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.06/share, meaning a difference of $0.02 and a surprise factor of 33.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.09 per share as compared to estimates of $0.06 per share, a difference of $0.03 representing a surprise of 50.00%.

Ratios To Look Out For

It is important to note that GoPro Inc. [NASDAQ:GPRO] has a current ratio of 2.10. Also, the Quick Ratio is 1.46, while the Cash Ratio stands at 1.13. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 2.62 and the P/E (TTM) ratio is 13.52.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 0 insider buyings of 0 shares and 7 insider sellings of 70,132 shares. Recent insider trading involved Hinge Kevin, SVP, Chief Supply Chain Off., that happened on Jan 27 when 85694.0 shares were sold. SVP, Chief Supply Chain Off., Hinge Kevin completed a deal on Jan 26 to sell 186.0 shares. Meanwhile, EVP, CFO and COO MCGEE BRIAN sold 16225.0 shares on Nov 29.