After This Week’s -22.93% Loss In GoPro Inc (NASDAQ: GPRO), We Just Learned Something New

GoPro Inc (NASDAQ:GPRO)’s traded shares stood at 2.14 million during the last session, with the company’s beta value hitting 1.54. At the close of trading, the stock’s price was $1.21, to imply a decrease of -3.20% or -$0.04 in intraday trading. The GPRO share’s 52-week high remains $3.80, putting it -214.05% down since that peak but still an impressive 4.13% since price per share fell to its 52-week low of $1.16. The company has a valuation of $190.45M, with an average of 2.33 million shares in intraday trading volume over the past 10 days and average of 1.27 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for GoPro Inc (GPRO), translating to a mean rating of 3.67. Of 3 analyst(s) looking at the stock, 1 analyst(s) give GPRO a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.12.

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GoPro Inc (NASDAQ:GPRO) trade information

After registering a -3.20% downside in the last session, GoPro Inc (GPRO) has traded red over the past five days. The 5-day price performance for the stock is -22.93%, and -4.72% over 30 days. With these gigs, the year-to-date price performance is -65.13%. Short interest in GoPro Inc (NASDAQ:GPRO) saw shorts transact 5.72 million shares and set a 6.32 days time to cover.

The extremes give us $5 and $5 for target low and target high price respectively. As such, GPRO has been trading -313.22% off suggested target high and -313.22% from its likely low.

GoPro Inc (GPRO) estimates and forecasts

Looking at statistics comparing GoPro Inc share performance against respective industry, we note that the company has underperformed competitors. GoPro Inc (GPRO) shares are -25.31% down over the last 6 months, with its year-to-date growth rate lower than industry average at -110.00% against 3.80%. Revenue is forecast to shrink -675.00% this quarter before jumping 64.29% for the next one. The rating firms project that company’s revenue will shrink -20.45% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 196.5M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 136.25M.Earnings reports from the last fiscal year show that sales brought in 295.42M and 155.47M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -33.48% before dropping -12.36% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 15.00% for the past 5-year period. While 2024 is set for a -1120.60% return in earnings, projections for the next 5 years are at 10.00% annually.

GPRO Dividends

GoPro Inc has its next earnings report out on 2025-Feb-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

GoPro Inc (NASDAQ:GPRO)’s Major holders

GoPro Inc insiders hold 2.41% of total outstanding shares, with institutional holders owning 54.19% of the shares at 55.53% float percentage. In total, 54.19% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 10.5 million shares (or 6.9514% of shares), all amounting to roughly $14.91 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 7.54 million shares, or about 4.9911% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $10.71 million.