GoPro Inc [NASDAQ: GPRO] gained 0.80% or 4159999.25 points to close at $4160000.0 with a heavy trading volume of 9520685 shares.
It opened the trading session at $0.7553, the shares rose to $0.7651 and dropped to $0.6721, the range by which the price of stock traded the whole day. The daily chart for GPRO points out that the company has recorded -31.15% loss over the past six months.
If we look at the average trading volume of 4.16M shares, GPRO reached to a volume of 9520685 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about GoPro Inc [GPRO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GPRO shares is $0.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GPRO stock is a recommendation set at 5.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for GoPro Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 08, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $4.20 to $3. The new note on the price target was released on December 12, 2023, representing the official price target for GoPro Inc stock. On November 04, 2022, analysts decreased their price target for GPRO shares from 9 to 6.
The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 0.43.
Trading performance analysis for GPRO stock
GoPro Inc [GPRO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.89. With this latest performance, GPRO shares gained by 18.59% in over the last four-week period, additionally sinking by -31.15% over the last 6 months – not to mention a drop of -30.52% in the past year of trading.
GoPro Inc [GPRO]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and GoPro Inc [GPRO] shares currently have an operating margin of -12.04% and a Gross Margin at 33.59%. GoPro Inc’s Net Margin is presently recorded at -17.93%.
Return on Equity for this stock declined to -26.95%, with Return on Assets sitting at -26.95%.
An analysis of Institutional ownership at GoPro Inc [GPRO]
There are presently around $50.64%, or 52.48% of GPRO stock, in the hands of institutional investors. The top three institutional holders of GPRO stocks are: BLACKROCK INC. with ownership of 10.5 million shares, which is approximately 6.8871%. VANGUARD GROUP INC, holding 7.54 million shares of the stock with an approximate value of $$10.71 million in GPRO stocks shares; and VANGUARD GROUP INC, currently with $$7.82 million in GPRO stock with ownership which is approximately 3.6114%.
