GoPro stock: buy or sell?
February 27th, 2020
GoPro, Inc. develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
Should I buy GoPro stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, GoPro stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is GoPro stock a buy?
Financial institutions and banks post stock ratings everyday.Unfortunately, we couldn't detect any rating for GPRO stock for the last 30 days.
GoPro stock analysis
After sliding for 4 days, Thursday GoPro stepped up a decent 1.66%, closing at $3.67.
After sliding for 4 sessions, Thursday GoPro stepped up a decent 1.66%, closing at $3.67. Since February 14th when GPRO stock price broke down the SMA100d line, it slid $-0.54 per share (-12.83%). In the last 21 days when SMA50d and SMA100d crossed up, GPRO price slipped $-0.69 per share (-15.83%).
Shares of GoPro collapsed a chilling -5.90% this week.
Since price and 40-weeks moving average lines crossed down late June 2019, GPRO fell $-2.18 per share (-37.26%). Stocks below the 40-weeks moving average line are usually not recommended for average traders.
GoPro stock price history
GoPro IPO was on June 26th, 2014 at $28.65 per share1. Since then, GPRO stock declined a -87.20%, with a yearly average of -17.40%.
1: Adjusted price after possible price splits or reverse-splits.
GoPro stock historical price chart
GPRO stock reached 52-week highs on May at $7.65, and all-time highs 2014-10-07 with a price of 98.47.
GoPro stock price targetHow much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we have not detected any price target for GoPro stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per Share, GoPro presented its financial report, posting an extraordinary climb for the Earnings per Share (EPS). Experts were expecting $0.19 per share, but GoPro posted $0.25.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, GoPro annual revenues decreased an unpleasant -2.66% to $1,148.34 million dollars from $1,179.74 marked in 2017. When comparing 2018 vs 2017, improving that, profit margin (that is, the net income divided by revenues) rose a 6.01% to -9.49%.
|2013||$986 M||-||$44 M4.4%||-|
|2014||$1,394 M||41.44%||$128 M9.2%||192.10%|
|2015||$1,620 M||16.19%||$36 M2.2%||-71.79%|
|2016||$1,185 M||-26.82%||$-419.00 M-35.3%||-1,259.68%|
|2017||$1,180 M||-0.48%||$-182.87 M-15.5%||-56.36%|
|2018||$1,148 M||-2.66%||$-109.03 M-9.5%||-40.38%|
Quarterly financial resultsGoPro posted $377.38 million in revenues for 2018-Q4, a 31.98% improvement compared to previous quarter. Reported quarter earnings marked $31.67 million with a profit margin of 8.39%. Profit margin rocketed a 17.87% compared to previous quarter when profit margin was -9.47%. When comparing sales to same quarter last year, GoPro sales marked an astounding gain and climbed a 12.72%. Looking back to recent quarterly results, GoPro posted 3 positive quarters in a row.
|2017-Q1||$219 M||-||$-111.15 M-50.8%||-|
|2017-Q2||$297 M||35.64%||$-30.54 M-10.3%||-72.52%|
|2017-Q3||$330 M||11.22%||$14.66 M4.4%||-148.01%|
|2017-Q4||$335 M||1.51%||$-55.85 M-16.7%||-480.93%|
|2018-Q1||$202 M||-39.56%||$-76.35 M-37.7%||36.70%|
|2018-Q2||$283 M||39.70%||$-37.27 M-13.2%||-51.18%|
|2018-Q3||$286 M||1.15%||$-27.09 M-9.5%||-27.31%|
|2018-Q4||$377 M||31.98%||$31.67 M8.4%||-216.91%|
GoPro ownershipWhen you are planning to buy a company, it's worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For GoPro, 0.91% of all outstanding shares are owned by its staff.
In case of GoPro stock, 66.07% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for GPRO stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related companies:
|Market cap||$465.6 M|
|Total shares||126.9 M|
|Float shares||104.4 M|
|- Institutional holdings (%)||66.1%|
|- Insider holdings (%)||0.9%|
|Shares in short selling||0.0%|
|Thursday, February 27th, 2020|
|Day range||$3.37 - $3.75|
|Average true range||$0.20|
|50d mov avg||$4.21|
|100d mov avg||$4.13|
|200d mov avg||$4.68|
GoPro performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We picked as the bechmarking frame for GoPro stock.