GoPro Inc. (NASDAQ: GPRO): The Stock For Success Over The Next Few Months

In the last trading session, 2.79 million GoPro Inc. (NASDAQ:GPRO) shares changed hands as the company’s beta touched 1.60. With the company’s per share price at $1.84 changed hands at -$0.07 or -3.66% during last session, the market valuation stood at $280.23M. GPRO’s last price was a discount, traded about -141.85% off its 52-week high of $4.45. The share price had its 52-week low at $1.67, which suggests the last value was 9.24% up since then. When we look at GoPro Inc.’s average trading volume, we note the 3-month average coming to 2.10 million.

GoPro Inc. (NASDAQ:GPRO) trade information

Instantly GPRO was in red as seen at the end of in last trading. With action 6.36%, the performance over the past five days has been green. The drop to weekly highs of 1.9800 subtracted -3.66% to the stock’s daily price. The company’s shares are showing year-to-date downside of -46.97%, with the 5-day performance at 6.36% in the green. However, in the 30-day time frame, GoPro Inc. (NASDAQ:GPRO) is -10.68% down.

GoPro Inc. (GPRO) estimates and forecasts

Data shows that the GoPro Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -34.98% over the past 6 months, a 40.00% in annual growth rate that is considerably higher than the industry average of 15.50%. Year-over-year growth is forecast to reach 0.40% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 146.5M. 2 analysts are of the opinion that GoPro Inc.’s revenue for the current quarter will be 225.75M. The company’s revenue for the corresponding quarters a year ago was 165.08M and 241.02M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.30%. The estimates for the next quarter sales put growth at -6.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 15.00%. The 2024 estimates are for GoPro Inc. earnings to increase by 47.82%, but the outlook for the next 5-year period is at 10.00% per year.

GPRO Dividends

GoPro Inc. is expected to release its next quarterly earnings report in June.