The stock of GoPro Inc. (GPRO) has seen a -6.59% decrease in the past week, with a 15.56% gain in the past month, and a -12.85% decrease in the past quarter. The volatility ratio for the week is 5.42%, and the volatility levels for the past 30 days are at 5.57% for GPRO.. The simple moving average for the past 20 days is 3.83% for GPRO’s stock, with a -35.47% simple moving average for the past 200 days.
Is It Worth Investing in GoPro Inc. (NASDAQ: GPRO) Right Now?
The stock has a 36-month beta value of 1.62. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for GPRO is 121.72M, and at present, short sellers hold a 4.71% of that float. On July 25, 2024, the average trading volume of GPRO was 1.99M shares.
GPRO) stock’s latest price update
The stock of GoPro Inc. (NASDAQ: GPRO) has decreased by -1.89 when compared to last closing price of 1.59.Despite this, the company has seen a loss of -6.59% in its stock price over the last five trading days. fool.com reported 2024-07-21 that The action camera products and services specialist announced a new distribution deal in Asia. Its new partnership is with an arm of top regional tech conglomerate SoftBank.
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 3.11% 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 -62.77% of loss for the given period.
Volatility was left at 5.57%, however, over the last 30 days, the volatility rate increased by 5.42%, as shares surge +19.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.89% lower at present.
During the last 5 trading sessions, GPRO fell by -6.59%, which changed the moving average for the period of 200-days by -46.21% in comparison to the 20-day moving average, which settled at $1.5150. In addition, GoPro Inc. saw -55.04% 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 Jahnke Dean, who sale 1,794 shares at the price of $1.53 back on May 31 ’24. After this action, Jahnke Dean now owns 375,970 shares of GoPro Inc., valued at $2,745 using the latest closing price.
MCGEE BRIAN, the EVP, CFO and COO of GoPro Inc., sale 121,441 shares at $2.40 during a trade that took place back on Feb 16 ’24, which means that MCGEE BRIAN is holding 288,424 shares at $291,264 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 -0.21. Equity return is now at value -89.48, with -45.35 for asset returns.
Based on GoPro Inc. (GPRO), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at -0.62. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is -17.54.
Currently, EBITDA for the company is -55.91 million with net debt to EBITDA at 0.13. When we switch over and look at the enterprise to sales, we see a ratio of 0.24. 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 1.68.
Conclusion
To sum up, GoPro Inc. (GPRO) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
