GoPro Inc [NASDAQ: GPRO] surged by $0.04 during the normal trading session on Thursday and reaching a high of $0.9499 during the day while it closed the day at $0.87.
GoPro Inc stock has also gained 1.06% of its value over the past 7 days. However, GPRO stock has inclined by 11.18% in the 3 months of the year. Over the past six months meanwhile, it has lost -27.55% and lost -20.24% year-on date.
The market cap for GPRO stock reached $139.27 million, with 131.29 million shares outstanding and 125.74 million shares in the current float. Compared to the average trading volume of 4.44M shares, GPRO reached a trading volume of 4493059 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 Average True Range (ATR) for GoPro Inc is set at 0.07, with the Price to Sales ratio for GPRO stock in the period of the last 12 months amounting to 0.18. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 0.43.
GPRO stock trade performance evaluation
GoPro Inc [GPRO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.06. With this latest performance, GPRO shares gained by 43.70% in over the last four-week period, additionally sinking by -27.55% over the last 6 months – not to mention a drop of -36.54% in the past year of trading.
GoPro Inc [GPRO]: An insightful look at the core fundamentals
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%.
GoPro Inc [GPRO]: Institutional Ownership
There are presently around $50.64%, or 52.46%% 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%.
