Why Should We Buy GoPro Inc (GPRO) Stock?

GoPro Inc (NASDAQ:GPRO) has a beta value of 1.54 and has seen 1.68 million shares traded in the last trading session. The company, currently valued at $187.31M, closed the last trade at $1.19 per share which meant it lost -$0.06 on the day or -4.80% during that session. The GPRO stock price is -219.33% off its 52-week high price of $3.80 and 5.88% above the 52-week low of $1.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.56 million shares traded. The 3-month trading volume is 1.37 million shares.

The consensus among analysts is that GoPro Inc (GPRO) is Buy stock at the moment, with a recommendation rating of 3.67. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.

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GoPro Inc (NASDAQ:GPRO) trade information

Sporting -4.80% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GPRO stock price touched $1.19 or saw a rise of 7.75%. Year-to-date, GoPro Inc shares have moved -65.71%, while the 5-day performance has seen it change 2.59%. Over the past 30 days, the shares of GoPro Inc (NASDAQ:GPRO) have changed -13.14%. Short interest in the company has seen 4.06 million shares shorted with days to cover at 2.52.

Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 76.2% from current levels. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -320.17% off the targeted high while a plunge would see the stock gain -320.17% from current levels.

GoPro Inc (GPRO) estimates and forecasts

Figures show that GoPro Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -21.19% over the past 6 months, with this year growth rate of -615.00%, compared to 10.70% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 15.00% over the past 5 years. Earnings growth for 2024 is a modest -1120.60% while over the next 5 years, the company’s earnings are expected to increase by 10.00%.

GPRO Dividends

GoPro Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

GoPro Inc (NASDAQ:GPRO)’s Major holders

Insiders own 2.39% of the company shares, while shares held by institutions stand at 54.20% with a share float percentage of 55.53%. Investors are also buoyed by the number of investors in a company, with GoPro Inc having a total of 194.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 10.5 million shares worth more than $14.91 million. As of 2024-06-30, BLACKROCK INC. held 6.9514% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 7.54 million shares as of 2024-06-30. The firm’s total holdings are worth over $10.71 million and represent 4.9911% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 3.12% shares in the company for having 4.01 shares of worth $4.77 million while later fund manager owns 3.52 shares of worth $4.19 million as of Sep 30, 2024 , which makes it owner of about 2.74% of company’s outstanding stock.