GoPro Inc (NASDAQ: GPRO) Is Down -18.25% In A Month. Could There Be Any Hope That It Will Rise Soon?

During the last session, GoPro Inc (NASDAQ:GPRO)’s traded shares were 1.45 million, with the beta value of the company hitting 1.53. The 52-week high for the GPRO share is $2.40, that puts it down -228.77 from that peak though still a striking 6.85% gain since the share price plummeted to a 52-week low of $0.68. The company’s market capitalization is $114.25M, and the average trade volume was 2.55 million shares over the past three months.

GoPro Inc (GPRO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. GPRO has a Sell rating from 1 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.12.

GoPro Inc (NASDAQ:GPRO) trade information

GoPro Inc (GPRO) registered a -0.56% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.56% in intraday trading to $0.73, hitting a weekly high. The stock’s 5-day price performance is -6.94%, and it has moved by -18.25% in 30 days. Based on these gigs, the overall price performance for the year is -69.37%.

The consensus price target of analysts on Wall Street is $5, which implies an increase of 85.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $5 respectively. As a result, GPRO is trading at a discount of -584.93% off the target high and -584.93% off the low.

GoPro Inc (GPRO) estimates and forecasts

In the rating firms’ projections, revenue will decrease -7.85% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 124.65M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 161.9M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 155.47M and 186.22M respectively. In this case, analysts expect current quarter sales to shrink by -19.82% and then drop by -13.06% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -94.63%. While earnings are projected to return 101.91% in 2025.

GPRO Dividends

GoPro Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

The next largest institutional holding, with 7.54 million shares, is of VANGUARD GROUP INC’s that is approximately 4.9911% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.71 million.

Also, the Mutual Funds coming in first place with the largest holdings of GoPro Inc (GPRO) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 4.01 shares. This amounts to just over 3.12 percent of the company’s overall shares, with a $2.91 million market value. The same data shows that the other fund manager holds slightly less at 3.65, or about 2.84% of the stock, which is worth about $2.65 million.