GoPro Inc. (GPRO) shares are trading at lower $3.75 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $4.83.
To add more color to this target, the company’s high over the last year is $5.79 and the low is $2.00. Over the last 52 weeks, GPRO is down -17.76% while the S&P 500 is up 10.88%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, GPRO reported a profit of $40.69 million. GoPro Inc. also saw revenues increase to $134.25 million. In addition, GPRO has free cash flow of -$114.19 million as of 06-2020. The company’s EBITDA came in at -$40.2 million which compares well with its peers.
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GPRO booked profit margins of -10.20%, its Return on Equity (ROE) is -55.40%, and its Return on Assets is -14.10%. All told, it is clear that, GPRO needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GPRO has a short ratio of 4.29 and outstanding shares of 148.50M.
GPRO has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.63. GoPro Inc. GPRO also noted assets of $555.17 million at the end of the last quarter. Investors should also keep an eye on sector updates as GPRO has historically followed its peers on positive news.
All told, GoPro Inc. GPRO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GPRO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
GoPro Inc. GPRO is now commanding a market cap of 598.20M and a float of 127.79M. GPRO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GPRO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in GPRO, either long or short, and we have not been compensated for this article.