GoPro Inc. (NASDAQ: GPRO) was one of the biggest movers in the recent trading session, with the company’s stock currently changing hands at 0.09 points up or 2.17% higher on the previous close. So what do we make of this stock that is clearly one of the hottest on the market now? The GPRO stock is trading at $4.24 from a close of $4.15 on 01/15/20. The day’s price range saw the stock hit a low of $4.145, while the highest price level was $4.46 during the intraday trading.
Is the GPRO stock going to continue the plunge or will it steady in coming sessions to climb above its 5-day high price of $4.47. GoPro Inc. (NASDAQ: GPRO) has a 52-week price range of between $3.25 and $7.64. Notably, the reduced performance in the current session comes on the back of condensed market activity for the stock, as its daily trading volume to 7692570, compared to its 3-months daily average volume of 4.40 million. In comparison, the average volume for the last 50 days stands at 4,659,970.
What about the stock’s price forecasts? GPRO had 6 analysts who offered their 12-month price predictions for the GoPro Inc. shares. The group has given the stock a consensus price target of $5.45, with the lowest forecast being put at $4.50. The highest estimate by the 6 analysts is $7.00. The median price target estimate of $5.00 for the stock represents a 15.2% jump in value from the previous price of $4.24. Looking at the 52-week price ranges, the stock’s current price level is 30.46% from its 52-week high price and -44.54% down from its 52-week low in the same period.
GoPro Inc. shares have plunged -4.07% over the past week, but its 1-month performance is in the red at -4.07%. Its performance in the current quarter is up 15.85%, while that figure shoots to -20.15% over the past half-year period. Further, we see that the stock’s 12-month charts show that it has lost by -13.65%, with the year-to-date prices down by -2.30%.
The company has a market cap of 683.57 million and a return on assets (ROA) of -11.40%. In gauging how profitable company analysts and investors look at the respective company’s ROA, with returns above 5% generally regarded as good. Also important is the company’s return on equity (ROE), with GPRO’s at -42.70% indicating that the management is able to generate impressive income with whatever equity at their disposal. If you put your money on this stock, then a forecast ROI is at -27.10%.
But what do Wall Street analysts tracking this stock recommend, given that it has 161.22 million shares outstanding? 6 analysts polled have a consensus recommendation rating of 3.00, indicating that GPRO is a Hold stock at the moment. This mean rating was at 3.00 a month ago. Oppenheimer called it a Outperform stock on October 03, 2019, while Oppenheimer rated it a Outperform in its note released on September 26, 2018. Of the 6 analysts, 0 analysts rate the GPRO stock as Overweight, while 4 of them rated it as a Hold. 1 analysts rate GoPro Inc. as a Buy, while 0 suggested its Underweight. Only 1 analyst advised investors to sell.
Let’s glean at the company’s earnings forecasts for the current quarter and annual growth estimate for the next 5-year period. The analyst forecasts for this stock’s earnings per share (EPS) for the current quarter (Dec 2019) ranged from a low of $0.75 per share to $0.84 per share. The average estimate by the 6 analysts for the GPRO shares was $0.79 a share, while the company’s last-quarter results returned an EPS of $0.26. Looking at the current EPS trends, seven days ago, GPRO had its Dec 2019 estimates at $0.8 per share while the stock’s EPS was forecasted at the $0.8, a month ago.
Let’s briefly check out revenue growth estimates for the company, which is put at 51.00% in the current quarter. However, the next quarter should see net revenue growth of over 3.30%, with analysts forecasting the company’s 12-month growth estimates at 3.80%. 4 analysts have forecast that GoPro Inc. will see its revenue growth net between $551.6 million and $583.8 million for the current quarter. The next quarter should see revenue returns of between $242.25 million and $242.25 million.The average revenue for the quarter is expected at $569.85 million, while for the next quarter, it jumps to $242.25 million. Sales growth for the year are estimated at 3.80%.