In the latest trading session, 0.72 million GoPro Inc (NASDAQ:GPRO) shares changed hands as the company’s beta touched 1.52. With the company’s most recent per share price at $1.25 changing hands around $0.0 or -0.04% at last look, the market valuation stands at $196.67M. GPRO’s current price is a discount, trading about -204.0% off its 52-week high of $3.80. The share price had its 52-week low at $1.12, which suggests the last value was 10.4% up since then. When we look at GoPro Inc’s average trading volume, we note the 10-day average is 2.02 million shares, with the 3-month average coming to 1.38 million.
Analysts gave the GoPro Inc (GPRO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.67. If we narrow down to specifics, the data shows that 1 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended GPRO as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. GoPro Inc’s EPS for the current quarter is expected to be -0.12.
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GoPro Inc (NASDAQ:GPRO) trade information
Instantly GPRO was in red as seen in intraday trades today. With action -0.04%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -63.99%, with the 5-day performance at -0.04% in the red. However, in the 30-day time frame, GoPro Inc (NASDAQ:GPRO) is -8.80% down. Looking at the short shares, we see there were 4.06 million shares sold at short interest cover period of 2.52 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 75.0% from its recent market value. According to analyst projections, GPRO’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -300.0% plunge from its current level, while the stock would need to soar -300.0% for it to hit the projected low.
GoPro Inc (GPRO) estimates and forecasts
Data shows that the GoPro Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -16.14% over the past 6 months, a -615.00% in annual growth rate that is considerably lower than the industry average of 10.70%. Year-over-year growth is forecast to reach -20.45% down 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 196.5M. 2 analysts are of the opinion that GoPro Inc’s revenue for the current quarter will be 136.25M. The company’s revenue for the corresponding quarters a year ago was 295.42M and 155.47M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -33.48%. The estimates for the next quarter sales put growth at -12.36%.
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 decrease by -1120.60%, 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 January.
GoPro Inc (NASDAQ:GPRO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.39% of GoPro Inc shares while 54.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 55.53%. There are 54.20% institutions holding the GoPro Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 6.9514% of the shares, roughly 10.5 million GPRO shares worth $14.91 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.9911% or 7.54 million shares worth $10.71 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 4.01 shares estimated at $4.97 million under it, the former controlled 3.12% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.82% of the shares, roughly 3.62 shares worth around $4.49 million.
