GoPro Inc. (NASDAQ: GPRO) is -61.10% lower on its value in year-to-date trading and has touched a low of $1.16 and a high of $3.80 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 $1.30 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $1.35, the stock is 6.05% and -2.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing 3.85% at the moment leaves the stock -36.52% off its SMA200. GPRO registered -61.21% loss for a year compared to 6-month loss of -36.92%.
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The stock witnessed a 14.41% gain in the last 1 month and extending the period to 3 months gives it a -8.78%, and is 10.66% up 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 5.22% over the week and 5.19% over the month.
GoPro Inc. (GPRO) has around 930 employees, a market worth around $206.19M and $931.41M in sales. Fwd P/E is 37.78. Profit margin for the company is -42.20%. Distance from 52-week low is 16.38% and -64.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-130.18%).
The EPS is expected to shrink by -431.63% this year.
GoPro Inc. (GPRO) Top Institutional Holders
201.0 institutions hold shares in GoPro Inc. (GPRO), with institutional investors hold 56.89% of the company’s shares. The shares outstanding are 123.64M, and float is at 122.35M with Short Float at 5.59%. Institutions hold 55.49% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.5 million shares valued at $14.91 million. The investor’s holdings represent 6.9514% of the GPRO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.54 million shares valued at $10.71 million to account for 4.9911 of the shares outstanding. The other top investors are D. E. SHAW & CO., INC. which holds 5.51 million shares representing 3.6451% and valued at over $7.82 million, while ACADIAN ASSET MANAGEMENT LLC holds 2.9224 of the shares totaling 4.42 million with a market value of $6.27 million.
GoPro Inc. (GPRO) Insider Activity
The most recent transaction is an insider sale by Jahnke Dean, the company’s SVP, Global Sales, CM, RE. SEC filings show that Jahnke Dean sold 1,794 shares of the company’s common stock on May 31 ’24 at a price of $1.53 per share for a total of $2745.0. Following the sale, the insider now owns 0.38 million shares.
GoPro Inc. disclosed in a document filed with the SEC on Feb 16 ’24 that Lafrades Charles (Chief Accounting Officer) sold a total of 8,166 shares of the company’s common stock. The trade occurred on Feb 16 ’24 and was made at $2.41 per share for $19692.0. Following the transaction, the insider now directly holds 92989.0 shares of the GPRO stock.
Still, SEC filings show that on Feb 16 ’24, Jahnke Dean (SVP, Global Sales, CM, RE) disposed off 27,849 shares at an average price of $2.41 for $67094.0. The insider now directly holds 267,651 shares of GoPro Inc. (GPRO).
