Checking the Overall Picture for GoPro, Inc. (GPRO)

GoPro, Inc. (GPRO) is an interesting player in the Consumer Goods space, with a focus on Photographic Equipment & Supplies. The stock has been active on the tape, currently trading at $5.74, up from yesterday’s close by 1.59%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

GoPro, Inc. (GPRO) currently trades with a market capitalization of $833.28 Million. That value represents a market adjusting for revenues that have been falling by -7.44 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$21.7 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.2 on a per share basis this quarter. Perhaps, that suggests something about why 2.78% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, GoPro, Inc. recorded a 52-week high of $11.89. It is now trading 6.15% off that level. The stock is trading $5.17 its 50-day moving average by -0.57%. The stock carved out a 52-week low down at $4.42.

In recent action, GoPro, Inc. (GPRO) has made a move of +13.89% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 15.83, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 22.13% with $108.71 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of GPRO.

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