Is GoPro Stock a Good Investment?
GoPro Investment Advice | GPRO |
- Examine GoPro's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research GoPro's leadership team and their track record. Good management can help GoPro navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Consumer Electronics space and any emerging trends that could impact GoPro's business and its evolving consumer preferences.
- Compare GoPro's performance and market position to its competitors. Analyze how GoPro is positioned in terms of product offerings, innovation, and market share.
- Check if GoPro pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about GoPro's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in GoPro Inc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if GoPro Inc is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Hold | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine GoPro Stock
Researching GoPro's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 54.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.95. Some equities with similar Price to Book (P/B) outperform the market in the long run. GoPro Inc has Price/Earnings To Growth (PEG) ratio of 1.01. The entity recorded a loss per share of 2.61. The firm had not issued any dividends in recent years. GoPro had 2:1 split on the October 1, 2003.
To determine if GoPro is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding GoPro's research are outlined below:
| GoPro Inc generated a negative expected return over the last 90 days | |
| GoPro Inc may become a speculative penny stock | |
| GoPro Inc has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 1.01 B. Net Loss for the year was (53.18 M) with profit before overhead, payroll, taxes, and interest of 414.96 M. | |
| GoPro Inc currently holds about 348.78 M in cash with (32.86 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.24, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from techradar.com: GoPros cheapest 4k action cam gets first-ever price cut for Black Friday |
GoPro Quarterly Cash And Short Term Investments |
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GoPro uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in GoPro Inc. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to GoPro's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact GoPro's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises GoPro's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2019-08-01 | 2019-06-30 | 0.04 | 0.03 | -0.01 | 25 | ||
2024-11-07 | 2024-09-30 | -0.04 | -0.0534 | -0.0134 | 33 | ||
2023-11-07 | 2023-09-30 | 0.02 | 0.04 | 0.02 | 100 | ||
2022-08-04 | 2022-06-30 | 0.06 | 0.08 | 0.02 | 33 | ||
2019-05-09 | 2019-03-31 | -0.09 | -0.07 | 0.02 | 22 | ||
2018-11-01 | 2018-09-30 | -0.06 | -0.04 | 0.02 | 33 | ||
2014-07-31 | 2014-06-30 | 0.06 | 0.08 | 0.02 | 33 | ||
2021-05-06 | 2021-03-31 | 0.0048 | 0.03 | 0.0252 | 525 |
Know GoPro's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as GoPro is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading GoPro Inc backward and forwards among themselves. GoPro's institutional investor refers to the entity that pools money to purchase GoPro's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Goldman Sachs Group Inc | 2024-06-30 | 1.2 M | Renaissance Technologies Corp | 2024-09-30 | 1.1 M | Millennium Management Llc | 2024-06-30 | 1.1 M | Northern Trust Corp | 2024-09-30 | 1.1 M | Two Sigma Investments Llc | 2024-06-30 | 1 M | Arrowstreet Capital Limited Partnership | 2024-06-30 | 845 K | Amvescap Plc. | 2024-06-30 | 838.3 K | Walleye Trading Advisors, Llc | 2024-06-30 | 825.1 K | Barclays Plc | 2024-06-30 | 604.7 K | Blackrock Inc | 2024-06-30 | 10.5 M | Vanguard Group Inc | 2024-09-30 | 7.7 M |
GoPro's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 174.88 M.Market Cap |
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GoPro's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.06) | (0.07) | |
| Return On Capital Employed | (0.11) | (0.10) | |
| Return On Assets | (0.05) | (0.05) | |
| Return On Equity | (0.10) | (0.10) |
Determining GoPro's profitability involves analyzing its financial statements and using various financial metrics to determine if GoPro is a good buy. For example, gross profit margin measures GoPro's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of GoPro's profitability and make more informed investment decisions.
Evaluate GoPro's management efficiency
GoPro Inc has return on total asset (ROA) of (0.0696) % which means that it has lost $0.0696 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.0701) %, meaning that it created substantial loss on money invested by shareholders. GoPro's management efficiency ratios could be used to measure how well GoPro manages its routine affairs as well as how well it operates its assets and liabilities. As of the 21st of November 2024, Return On Tangible Assets is likely to drop to -0.07. In addition to that, Return On Capital Employed is likely to grow to -0.1. At this time, GoPro's Non Currrent Assets Other are very stable compared to the past year. As of the 21st of November 2024, Other Assets is likely to grow to about 349.3 M, while Total Assets are likely to drop about 921 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 3.62 | 2.18 | |
| Tangible Book Value Per Share | 2.67 | 1.54 | |
| Enterprise Value Over EBITDA | (7.72) | (7.34) | |
| Price Book Value Ratio | 0.96 | 1.01 | |
| Enterprise Value Multiple | (7.72) | (7.34) | |
| Price Fair Value | 0.96 | 1.01 | |
| Enterprise Value | 438.1 M | 416.2 M |
The strategic initiatives led by GoPro's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Beta 1.559 |
Basic technical analysis of GoPro Stock
As of the 21st of November, GoPro retains the risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.06). GoPro technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.GoPro's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific GoPro insiders, such as employees or executives, is commonly permitted as long as it does not rely on GoPro's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases GoPro insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
GoPro's Outstanding Corporate Bonds
GoPro issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. GoPro Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most GoPro bonds can be classified according to their maturity, which is the date when GoPro Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View |
Understand GoPro's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing GoPro's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | (0.06) | |||
| Mean Deviation | 2.96 | |||
| Coefficient Of Variation | (2,805) | |||
| Standard Deviation | 4.17 | |||
| Variance | 17.4 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.07) | |||
| Maximum Drawdown | 26.69 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 5.65 | |||
| Skewness | (0.13) | |||
| Kurtosis | 2.87 |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | (0.06) | |||
| Mean Deviation | 2.96 | |||
| Coefficient Of Variation | (2,805) | |||
| Standard Deviation | 4.17 | |||
| Variance | 17.4 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.07) | |||
| Maximum Drawdown | 26.69 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 5.65 | |||
| Skewness | (0.13) | |||
| Kurtosis | 2.87 |
Consider GoPro's intraday indicators
GoPro intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of GoPro stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
GoPro time-series forecasting models is one of many GoPro's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary GoPro's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
GoPro Stock media impact
Far too much social signal, news, headlines, and media speculation about GoPro that are available to investors today. That information is available publicly through GoPro media outlets and privately through word of mouth or via GoPro internal channels. However, regardless of the origin, that massive amount of GoPro data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of GoPro news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of GoPro relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to GoPro's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive GoPro alpha.
GoPro Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards GoPro can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
GoPro Inc Historical Investor Sentiment
Investor biases related to GoPro's public news can be used to forecast risks associated with an investment in GoPro. The trend in average sentiment can be used to explain how an investor holding GoPro can time the market purely based on public headlines and social activities around GoPro Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
GoPro's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for GoPro and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average GoPro news discussions. The higher the estimate score, the more favorable the investor's outlook on GoPro.
GoPro Corporate Management
| Vincent Nakayama | Senior Engineering | Profile | |
| Jalene CPA | VP Relations | Profile | |
| Rick Loughery | Vice Communications | Profile | |
| Charles Lafrades | Chief Officer | Profile | |
| Eve JD | Chief Development | Profile |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoPro Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Consumer Electronics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GoPro. If investors know GoPro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GoPro listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.94) | Earnings Share (2.61) | Revenue Per Share 5.891 | Quarterly Revenue Growth (0.12) | Return On Assets (0.07) |
The market value of GoPro Inc is measured differently than its book value, which is the value of GoPro that is recorded on the company's balance sheet. Investors also form their own opinion of GoPro's value that differs from its market value or its book value, called intrinsic value, which is GoPro's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GoPro's market value can be influenced by many factors that don't directly affect GoPro's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between GoPro's value and its price, as these two are different measures arrived at by various means. Investors typically determine if GoPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoPro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.