With 123.64M Outstanding Shares, Can GoPro Inc. (NASDAQ: GPRO) Deliver Big Short-Term Gains?

GoPro Inc. (NASDAQ:GPRO) currently has a daily average trading volume of 1.91M but it saw 2171825 shares traded in last market. With a market cap of 190.91M USD, the company’s current market price of $1.25 came rising about 5.93 while comparing to the previous closing price of $1.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.98 and as low as $1.16. In the recent trading on the day, stock has struck highest price mark of $1.2 while lowest mark touched by it was $1.29.

Taking a look at 20-day trading activity of GoPro Inc. (GPRO) gives us an average price of $1.4002, while its current price level is -68.59% below from 52-week high level whereas it is 7.76% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.4417 while that of 200 days or SMA-200 reads an average of $2.3008. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.11% during that period while stretching the period over a month that decreases to 6.51%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.16 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wedbush which downgraded the stock as “Neutral” in its note to investors issued on February 08, 2024, recommending a price target of $2 for it. Morgan Stanley downgraded its recommendation for the stock as a “Underweight” from “Equal-Weight” on December 12, 2023 while assigning a price target range of $4.20-$3.

Over the week, GPRO’s stock price is moving 2.46% up while it is -25.15% when we observe its performance for the past one month. Year-to-date it is -63.98% down and over the past year, the stock is showing a downside performance of -66.58%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.04 beat the consensus estimate of 0.02 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-05, for which analysts forecasted an EPS of -0.04 while estimate for next year EPS is -0.43. In next quarter, company is expected to be making quarterly sales of $268.91M as analysts are expecting the sales for current fiscal year at $861.6M and seeing the company making $920.24M in sales next year. Moreover, analysts are in estimates of $255M for current-quarter revenue.

Currently, GoPro Inc.’s total number of outstanding shares is 123.64M. Company’s return on investment (ROI) stands at -130.18% and return on equity (ROE) at -105.06%. It has a 34.09 of forward P/E ratio. Stock’s beta reads 1.60. Stock has a price to book (P/B) ratio of 1.03 while price to sale or P/S ratio amounts to 0.20. Its return on asset (ROA) is -50.20% on average.