GoPro Inc. (NASDAQ: GPRO) is -37.46% lower on its value in year-to-date trading and has touched a low of $2.13 and a high of $5.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GPRO stock was last observed hovering at around $2.22 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $2.17, the stock is -4.43% and -20.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.02 million and changing -2.25% at the moment leaves the stock -35.58% off its SMA200. GPRO registered -57.11% loss for a year compared to 6-month loss of -38.70%. The firm has a 50-day simple moving average (SMA 50) of $0.21 and a 200-day simple moving average (SMA200) of -$3.65.
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The stock witnessed a -12.85% gain in the last 1 month and extending the period to 3 months gives it a -41.35%, and is -7.26% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.23% over the week and 4.03% over the month.
GoPro Inc. (GPRO) has around 930 employees, a market worth around $325.28M and $1.01B in sales. Fwd P/E is 21.70. Profit margin for the company is -5.29%. Distance from 52-week low is 1.88% and -57.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.89%).
GoPro Inc. quarterly earnings per share for the current quarter are estimated at -$0.25 with sales reaching $146.5M over the same period.The EPS is expected to grow by 47.82% this year, but quarterly earnings will post 0.40% year-over-year. Quarterly sales are estimated to shrink -11.30% in year-over-year returns.
GoPro Inc. (GPRO) Top Institutional Holders
247 institutions hold shares in GoPro Inc. (GPRO), with institutional investors hold 67.16% of the company’s shares. The shares outstanding are 123.64M, and float is at 120.16M with Short Float at 5.90%. Institutions hold 65.74% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 12.28 million shares valued at $50.83 million. The investor’s holdings represent 9.71% of the GPRO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 11.74 million shares valued at $48.6 million to account for 9.28% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 6.65 million shares representing 5.26% and valued at over $27.52 million, while Shaw D.E. & Co., Inc. holds 3.03% of the shares totaling 3.83 million with a market value of $15.84 million.
GoPro Inc. (GPRO) Insider Activity
The most recent transaction is an insider sale by MCGEE BRIAN,the company’sEVP, CFO and COO. SEC filings show that MCGEE BRIAN sold 121,441 shares of the company’s common stock on Feb 16 ’24 at a price of $2.40 per share for a total of $0.29 million. Following the sale, the insider now owns 0.29 million shares.
GoPro Inc. disclosed in a document filed with the SEC on Feb 16 ’24 that Jahnke Dean (SVP, Global Sales, CM, RE) sold a total of 27,849 shares of the company’s common stock. The trade occurred on Feb 16 ’24 and was made at $2.41 per share for $67094.0. Following the transaction, the insider now directly holds 0.27 million shares of the GPRO stock.
Still, SEC filings show that on Feb 16 ’24, Lafrades Charles (Chief Accounting Officer) disposed off 8,166 shares at an average price of $2.41 for $19692.0. The insider now directly holds 92,989 shares of GoPro Inc. (GPRO).
