Citigroup lowered the price target for the GoPro Inc. (NASDAQ:GPRO) stock from “a Neutral” to “a Sell”. The rating was released on March 16, 2020. We previously noted in another research note published on October 03, 2019 by Oppenheimer that reiterated the stock to an Outperform with a price target of $7 for GPRO stock. The stock was reiterated by Citigroup, who disclosed in a research note on February 05, 2018, to Neutral and set the price objective to $5.50. In their research brief published February 02, 2018, JP Morgan analysts downgraded the GoPro Inc. stock from Overweight to Neutral with a price target of $8.
Historical Earnings Surprises and Revenue Forecasts
It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $0.04. This is an average of 6 analysts’ earnings, where the high earnings per share estimate is $0.04 and the low earnings per share estimate is $0.03. According to 4 analyst estimates, an average revenue estimate of $232.31M is projected for the current quarter with a high revenue estimate of $235.04M and a low estimate of $230.6M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of GoPro Inc. (NASDAQ:GPRO) raised 4.16% to close Tuesday’s market session at $11.01, higher as compared to yesterday’s close. The stock price fluctuated between $10.52 and $11.22 throughout the trading session with the volume trading being 5916732 shares, which represented a significant variation when compared to the three months average volume of 5.33 million shares. The firm’s stock price fluctuated 9.99% within the last five trades and -3.59% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 62.87% in the last 6 months and 38.66% was added to its value over the previous 3 months. GPRO stock is trading at a margin of 5.90%, -3.02% and 36.50% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, GPRO deals in the Technology domain. The stock is trading -20.16 percent below its 52-week high and 194.39 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 63.02. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does GoPro Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 1.60 percent and the profit margin is -1.40 percent, and the company has reported a gross margin of 36.80 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.69 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 13.81. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.73 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 7.92, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.60 percent of GoPro Inc. shares are owned by insiders, and 74.60 percent are held by financial institutions. Saltman Eve T., the SVP, Corp/Bus Dev, CLO, Sec at GoPro Inc. (GPRO) has sold 6,000 shares of firm on May 18 at a price of $10.05 against the total amount of $60300.0. In another inside trade, GOLDMAN KENNETH A, Director of GoPro Inc. (NASDAQ:GPRO) bought 5,000 shares of the firm on May 17 for a total worth of $48536.0 at a price of $9.71. An inside trade which took place on May 17, SVP, Corp/Bus Dev, CLO, Sec of GoPro Inc. Saltman Eve T. sold 17,000 shares of firm against total price of $0.16 million at the cost of $9.64 per share.