At the time of writing, GoPro Inc. [GPRO] stock is trading at $2.34, up 1.30%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GPRO shares have gain 7.34% over the last week, with a monthly amount drifted -24.27%, and not seem to be holding up well over a long-time horizon.
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On 21, February 2024, GoPro to Present at Morgan Stanley Technology, Media & Telecom Conference. In a post published today on Yahoo Finance, GoPro, Inc. (NASDAQ: GPRO) today announced that Founder and Chief Executive Officer Nicholas Woodman and Chief Financial Officer and Chief Operating Officer Brian McGee will present at the Morgan Stanley Technology, Media & Telecom Conference at the Palace Hotel in San Francisco, CA on Tuesday, March 5, 2024 at 11:45 am PT.
From an analyst’s perspective:
GoPro Inc. [NASDAQ: GPRO] stock has seen the most recent analyst activity on February 08, 2024, when Wedbush downgraded its rating to a Neutral but kept the price target unchanged to $2 for it. Previously, Morgan Stanley downgraded its rating to Underweight on December 12, 2023, and dropped its price target to $3. On November 04, 2022, downgrade downgraded it’s rating to Perform. JP Morgan downgraded its rating to a Neutral and decreased its price target to $6 on November 04, 2022. Jefferies initiated its recommendation with a Buy and recommended $12 as its price target on February 28, 2022. Wedbush upgraded its rating to Outperform for this stock on December 13, 2021, and upped its price target to $13.50. In a note dated November 18, 2021, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $13 to $15.
For the past year, the stock price of GoPro Inc. fluctuated between $2.15 and $5.42. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. GoPro Inc. [NASDAQ: GPRO] shares were valued at $2.34 at the most recent close of the market. An investor can expect a potential return of 113.68% based on the average GPRO price forecast.
Analyzing the GPRO fundamentals
According to GoPro Inc. [NASDAQ:GPRO], the company’s sales were 1.01B for trailing twelve months, which represents an -7.97% plunge. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.09 and Total Capital is -0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
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 2.29 points at the first support level, and at 2.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.40, and for the 2nd resistance point, it is at 2.47.
GoPro Inc. [GPRO] reported earnings per share of $0.02 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.02/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.04 per share as compared to estimates of $0.02 per share, a difference of $0.02 representing a surprise of 100.00%.
Ratios To Look Out For
It is important to note that GoPro Inc. [NASDAQ:GPRO] has a current ratio of 1.73. In addition, the Quick Ratio stands at 1.35 and the Cash Ratio stands at 0.8. Considering the valuation of this stock, the price to sales ratio is 0.35, the price to book ratio is 0.63.
Transactions by insiders
Recent insider trading involved MCGEE BRIAN, EVP, CFO and COO, that happened on Feb 16 when 0.12 million shares were sold. SVP, Global Sales, CM, RE, Jahnke Dean completed a deal on Feb 16 to sell 27849.0 shares. Meanwhile, Chief Accounting Officer Lafrades Charles sold 8166.0 shares on Feb 16.
