GoPro, Inc. (GPRO) Catches Our Eye After Big Move

Director Ahmad-Taylor Tyrone sold 4,188 shares in GoPro, Inc. (NASDAQ:GPRO) for $12,567 in transaction occurred on 2018/11/19. After making this transaction, the Director owns a direct stake of 22,783 shares, worth $65,097, as per the last closing price. On 2018/11/16 Mcgee Brian, EVP, CFO at GPRO, dumped 2,453 shares at an average price of $5.36 per share. The selling total is valued at $515,332.

Separately, it had been reported that some other GPRO insiders also took part of the insider trading activity. EVP, CFO, Mcgee Brian had divested 5,452 shares for $103,235 through a trade on 2018/08/16. Following this activity, the insider holds 31,949 shares worth $534,757 as of recent close. Wall Street’s most bullish GoPro, Inc. (NASDAQ:GPRO) analysts are predicting the share price to blow past $9 per share during the next 12 months. The current median share price forecast by them is $7, suggesting that the stock could increase 35.14% in that time frame. The average price target of $6.94 calls for a nearly 33.98% increase in the stock price.

GoPro, Inc. (GPRO) trading activity significantly improved as the volume at ready counter increased to 3,330,664 shares versus 3,285,010 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 4,270,124 shares. The share price rose 2.98% in recent trade and currently has a stock-market value of $815.23M. The shares finished at $5.18, after trading as low as $4.97 earlier in the session. It hit an intraday high Thursday at $5.19. The stock is now 17.19% above against its bear-market low of $4.42 on April 04, 2018. It has retreated -59.65% since it’s 52-week high of $8.27 reached in December. Now the market price is down -36.36% on the year and down -31.57% YTD.

GPRO’s 50 day simple moving average (SMA 50) price is $6.02 and its 200-day simple moving average (SMA 200) price is $5.89. The company’s stock currently has a total float of 113.27M shares. Its weekly volatility is hovering around 5.07% and felt 4.57% volatility in price over a month. On the upside, the share price will test short term resistance at around $5.26. On a downside, the stock is likely to find some support, which begins at $5.04. The failure to get near-term support could push it to $4.89.

It had seen a positive analyst call from Oppenheimer, which upgraded the stock from Perform to Outperform on September 26. Analysts at Citigroup, maintained the company shares at Neutral on February 05 but switched target price from $7 to $5.50. The stock lost favor of JP Morgan analysts who expressed their lack of confidence in it using a downgrade from Overweight to Neutral on February 02.

Moreover, it trades for 19.7 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 4.21x price/book and 0.74x price/sales. Compared to others, GoPro, Inc. is in a different league with regards to profitability, having net margins of -17.8%. To put some perspective around this, the industry’s average net margin is 4.49%. GPRO’s ROE is -89.9%, which is also considerably worse than the industry’s ROE of 15.81%. It’s also very liquid in the near term, with a current ratio of 1.4. The stock has a debt/capital of 0.79.

Shares of GoPro, Inc. (GPRO) have dropped -29.9% since the company’s last earnings report. Over the past 12 fiscal quarters, GoPro, Inc. (NASDAQ:GPRO) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 4 quarters (33%), whereas at 0 occasion EPS met analyst expectations. GPRO last reported earnings on November 01, 2018 when it released Sep-18 results that exceeded expectations. The company raked in -$0.04 per share, -99.89% change on the same period last year. That was better than consensus for -$0.06. Revenue for the recent quarter stood at $285.94 million, down -13% on last year and above the $272.27 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $368 million to $369.6 million, which should be compared with $506 million generated last year. EPS is seen in a range of $0.23 to $0.27, against the $0.51 reported a year ago.