The stock price of GoPro Inc. (NASDAQ: GPRO) has plunged by -3.66 when compared to previous closing price of 1.91, but the company has seen a 6.36% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that GoPro (GPRO) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.18 per share a year ago.
Is It Worth Investing in GoPro Inc. (NASDAQ: GPRO) Right Now?
The 36-month beta value for GPRO is at 1.60. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for GPRO is 122.49M, and currently, shorts hold a 5.34% of that float. The average trading volume for GPRO on May 08, 2024 was 2.10M shares.
GPRO’s Market Performance
GPRO stock saw a decrease of 6.36% in the past week, with a monthly decline of -10.68% and a quarterly a decrease of -38.46%. The volatility ratio for the week is 6.23%, and the volatility levels for the last 30 days are 5.14% for GoPro Inc. (GPRO). The simple moving average for the past 20 days is 1.63% for GPRO’s stock, with a -38.25% simple moving average for the past 200 days.
Analysts’ Opinion of GPRO
Many brokerage firms have already submitted their reports for GPRO stocks, with Wedbush repeating the rating for GPRO by listing it as a “Neutral.” The predicted price for GPRO in the upcoming period, according to Wedbush is $2 based on the research report published on February 08, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see GPRO reach a price target of $3, previously predicting the price at $4.20. The rating they have provided for GPRO stocks is “Underweight” according to the report published on December 12th, 2023.
GPRO Trading at -10.97% from the 50-Day Moving Average
After a stumble in the market that brought GPRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.65% of loss for the given period.
Volatility was left at 5.14%, however, over the last 30 days, the volatility rate increased by 6.23%, as shares sank -9.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.86% lower at present.
During the last 5 trading sessions, GPRO rose by +6.36%, which changed the moving average for the period of 200-days by -55.45% in comparison to the 20-day moving average, which settled at $1.8005. In addition, GoPro Inc. saw -46.97% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GPRO starting from MCGEE BRIAN, who sale 121,441 shares at the price of $2.40 back on Feb 16 ’24. After this action, MCGEE BRIAN now owns 288,424 shares of GoPro Inc., valued at $291,264 using the latest closing price.
Jahnke Dean, the SVP, Global Sales, CM, RE of GoPro Inc., sale 27,849 shares at $2.41 during a trade that took place back on Feb 16 ’24, which means that Jahnke Dean is holding 267,651 shares at $67,094 based on the most recent closing price.
Stock Fundamentals for GPRO
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.33 for the gross margin
The net margin for GoPro Inc. stands at -0.37. The total capital return value is set at -0.22. Equity return is now at value -9.11, with -5.18 for asset returns.
Based on GoPro Inc. (GPRO), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at -0.51. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is -26.83.
Currently, EBITDA for the company is -55.91 million with net debt to EBITDA at 0.12. When we switch over and look at the enterprise to sales, we see a ratio of 0.28. The receivables turnover for the company is 14.31for trailing twelve months and the total asset turnover is 1.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.
Conclusion
In conclusion, GoPro Inc. (GPRO) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
