The stock price of GoPro Inc (NASDAQ: GPRO) has surged by 5.10 when compared to previous closing price of 1.57, but the company has seen a 23.13% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-08 that Lower unit sales affect GPRO’s third-quarter performance. The delayed camera launch may negatively impact overall revenues in 2024.
Is It Worth Investing in GoPro Inc (NASDAQ: GPRO) Right Now?
The stock has a 36-month beta value of 1.59. 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 122.36M, and at present, short sellers hold a 5.14% of that float. On November 12, 2024, the average trading volume of GPRO was 1.21M shares.
GPRO’s Market Performance
GPRO stock saw an increase of 23.13% in the past week, with a monthly gain of 27.91% and a quarterly increase of 28.91%. The volatility ratio for the week is 10.42%, and the volatility levels for the last 30 days are 6.54% for GoPro Inc (GPRO). The simple moving average for the last 20 days is 19.48% for GPRO stock, with a simple moving average of -2.55% for the last 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 23.84% 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 -56.58% of loss for the given period.
Volatility was left at 6.54%, however, over the last 30 days, the volatility rate increased by 10.42%, as shares surge +28.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.91% upper at present.
During the last 5 trading sessions, GPRO rose by +23.13%, which changed the moving average for the period of 200-days by -48.44% in comparison to the 20-day moving average, which settled at $1.3810. In addition, GoPro Inc saw -52.45% 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:
- -0.11 for the present operating margin
- 0.34 for the gross margin
The net margin for GoPro Inc stands at -0.44. The total capital return value is set at -0.31. Equity return is now at value -107.01, with -46.57 for asset returns.
Based on GoPro Inc (GPRO), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at -0.45. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is -52.13.
Currently, EBITDA for the company is -55.91 million with net debt to EBITDA at 0.06. 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 6.73for trailing twelve months and the total asset turnover is 1.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
To sum up, GoPro Inc (GPRO) has seen a mixed 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.
