GoPro, Inc. (NASDAQ:GPRO) has been upgraded by Oppenheimer, which now rates the stock as Outperform versus Perform prior rating , according to a note issued on September 26. Analysts at Citigroup, maintained the company shares at Neutral on February 05 but switched target price from $7 to $5.50. The stock lost favor of JP Morgan analysts who expressed their lack of confidence in it using a downgrade from Overweight to Neutral on February 02. Morgan Stanley analysts came out with bearish views on January 23 when the call was made. They think the stock is now Underweight compared to to their prior call for Equal-Weight.
GoPro, Inc. (GPRO) hit an intraday high Tuesday at $5.2. The shares finished at $5.11, after trading as low as $5.1 earlier in the session. It dropped -0.39% in recent trade and currently has a stock-market value of $771.15M. Trading activity significantly improved as the volume at ready counter increased to 3,722,049 shares versus 3,277,625 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,392,417 shares. The stock is now 27.75% above against its bear-market low of $4 on December 26, 2018. It has retreated -48.73% since it’s 52-week high of $7.6 reached in September. Now the market price is down -7.93% on the year and up 20.52% YTD.
GPRO’s 50 day simple moving average (SMA 50) price is $4.82 and its 200-day simple moving average (SMA 200) price is $5.79. The company’s stock currently has a total float of 113.47M shares. Its weekly volatility is hovering around 3.42% and felt 4.03% volatility in price over a month. On the upside, the share price will test short term resistance at around $5.17. On a downside, the stock is likely to find some support, which begins at $5.07. The failure to get near-term support could push it to $5.04.
Separately, it has been reported that multiple insider activity took place at GoPro, Inc. (GPRO). Director Ahmad-Taylor Tyrone sold 4,188 shares for $12,567 in transaction occurred on 2018/11/19. After making this transaction, the Director owns a direct stake of 22,783 shares, worth $64,217, as per the last closing price. On 2018/11/16 Mcgee Brian, EVP, CFO at GPRO, dumped 2,453 shares at an average price of $5.36 per share. The selling total is valued at $508,368.
EVP, CFO, Mcgee Brian had divested 5,452 shares for $103,235 through a trade on 2018/08/16. Following this activity, the insider holds 31,949 shares worth $527,531 as of recent close. Wall Street’s most bullish GoPro, Inc. (NASDAQ:GPRO) analysts are predicting the share price to blow past $9 per share during the next 12 months. The current median share price forecast by them is $6.7, suggesting that the stock could increase 31.12% in that time frame. The average price target of $6.54 calls for a nearly 27.98% increase in the stock price.
Moreover, it trades for 19.43 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 4.15x price/book and 0.7x price/sales. Compared to others, GoPro, Inc. is in a different league with regards to profitability, having net margins of -17.8%. To put some perspective around this, the industry’s average net margin is 4.49%. GPRO’s ROE is -89.9%, which is also considerably worse than the industry’s ROE of 15.81%. It’s also very liquid in the near term, with a current ratio of 1.4. The stock has a debt/capital of 0.79.
Shares of GoPro, Inc. (GPRO) have dropped -29.8% since the company’s last earnings report. Over the past 12 fiscal quarters, GoPro, Inc. (NASDAQ:GPRO) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 4 quarters (33%), whereas at 0 occasion EPS met analyst expectations. GPRO last reported earnings on November 01, 2018 when it released Sep-18 results that exceeded expectations. The company raked in -$0.04 per share, -99.89% change on the same period last year. That was better than consensus for -$0.06. Revenue for the recent quarter stood at $285.94 million, down -13% on last year and above the $272.27 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $245 million to $279.7 million, which should be compared with $0 generated last year. EPS is seen in a range of -$5.00E-02 to $0.07, against the $0.09 reported a year ago.