GoPro Inc: Is GPRO Stock Back on Top?
- Author: Zachary Reyes Jan 26, 2017,
Jan 26, 2017, 8:00
GoPro Inc's (NASDAQ:GPRO) upcoming Q4 report should be positive for Ambarella Inc (NASDAQ:AMBA). The stock was sold at an average price of $9.62, for a total transaction of $227,012.76. The lowest target price estimate from these same analysts is $6. Despite the challenges, GoPro Inc. announced that they are set to spring back up this year with the re-release of the Go Pro Karma Drone, according to The Verge. The author does not have, nor plans to take any position in GoPro, Inc. shares within the next 14 days.
GoPro, Inc. (NASDAQ:GPRO) now has a consensus Price Target of $9.71. The current share price indicate that stock is -44.97% away from its one year high and is moving 46.86% ahead of its one year low.
Several sell side analysts reviewed their recommendations on GoPro, Inc. Following this scale, a 1 would signify a Strong Buy while a 5 would represent a Strong Sell. (NASDAQ:GPRO) recently. The rating firm gave a Sell rating to this stock in a research note published on Nov 09, 2016. One quarter does not make a trend, and regarding the return to growth, we note that GoPro was lapping an abysmal 4Q15 when sell-through was 40%-50% below ship-in. The firm's analyst Brad Erickson also raised the fiscal fourth -quarter unit estimates from 1.9million to 2.1million.
Many Analysts provided their foresight on Revenue Estimates of GoPro, Inc. where they believe that the company has the potential to earn average revenue of $577.01 Million for the current quarter. (NASDAQ:GPRO) reported actual EPS of $-0.7. This showed the surprise of -71.4% in the last quarter earnings.
Chimerix, Inc. (NASDAQ:CMRX) traded 1.1 Million shares and was closed at $5.14 per share. The company has faced a consistent deceleration in sales as demand has slowed and competition in the action camera market has increased. GoPro has a 12-month low of $8.54 and a 12-month high of $17.68. The company has a 1 Year high price target of $9.71. The stock is now moving above its 20-Day Simple Moving Average of 7.7% with the 50-Day Simple Moving Average of 7.7 percent. The Moving Average SMA50 is 7.7% while SMA200 is -14.88%.
Executives hold 2.80 percent of the stock. The Stock has YTD (year to date) performance of 16.3 percent. The correct version of this article can be read at https://www.com-unik.info/2017/01/25/pacific-crest-reiterates-hold-rating-for-gopro-inc-gpro.html.
GoPro, Inc. Gross Margin percentage stands at 35% while its Operating Margin for trailing twelve month is -35.8 percent and Profit margin (ttm) is -31.2 Percent.
The stock now has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. Erickson rates GPRO a Sector Weight with a fair value between $9 and $10 per share. In 2016, GPRO stock fell by over 52%, which is a poor showing for a company that some investors are concerned has maxed out its consumer base.