The stock of GoPro Inc. (GPRO) has gone down by -3.05% for the week, with a -16.45% drop in the past month and a -15.89% drop in the past quarter. The volatility ratio for the week is 4.70%, and the volatility levels for the past 30 days are 6.14% for GPRO. The simple moving average for the last 20 days is -1.49% for GPRO’s stock, with a simple moving average of -43.43% for the last 200 days.
Is It Worth Investing in GoPro Inc. (NASDAQ: GPRO) Right Now?
GPRO has 36-month beta value of 1.57. Analysts have mixed views on the stock, 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 122.33M, and currently, short sellers hold a 5.99% ratio of that float. The average trading volume of GPRO on August 28, 2024 was 1.80M shares.
GPRO) stock’s latest price update
The stock price of GoPro Inc. (NASDAQ: GPRO) has dropped by 0.00 compared to previous close of 1.27. Despite this, the company has seen a fall of -3.05% in its stock price over the last five trading days. zacks.com reported 2024-08-21 that GoPro (GPRO) initiates a restructuring plan of reducing 15% of its workforce by the end of 2024 to address financial challenges and competitive pressures.
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 -9.82% 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 -66.58% of loss for the given period.
Volatility was left at 6.14%, however, over the last 30 days, the volatility rate increased by 4.70%, as shares sank -16.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.66% lower at present.
During the last 5 trading sessions, GPRO fell by -3.44%, which changed the moving average for the period of 200-days by -56.83% in comparison to the 20-day moving average, which settled at $1.2765. In addition, GoPro Inc. saw -63.40% 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.
Lafrades Charles, the Chief Accounting Officer of GoPro Inc., sale 8,166 shares at $2.41 during a trade that took place back on Feb 16 ’24, which means that Lafrades Charles is holding 92,989 shares at $19,692 based on the most recent closing price.
Stock Fundamentals for GPRO
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.33 for the gross margin
The net margin for GoPro Inc. stands at -0.42. The total capital return value is set at -0.3. Equity return is now at value -105.06, with -50.20 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 -0.54. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is -41.21.
Currently, EBITDA for the company is -55.91 million with net debt to EBITDA at 0.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.2. The receivables turnover for the company is 10.79for trailing twelve months and the total asset turnover is 1.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
To put it simply, GoPro Inc. (GPRO) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
