GoPro (NASDAQ:GPRO – Free Report) had its target price trimmed by Wedbush from $2.00 to $1.50 in a report released on Wednesday, Marketbeat.com reports. The firm currently has a neutral rating on the stock.
GoPro Price Performance
GPRO stock traded down $0.02 during trading on Wednesday, reaching $1.20. The company’s stock had a trading volume of 1,918,993 shares, compared to its average volume of 1,907,570. GoPro has a 1 year low of $1.16 and a 1 year high of $4.01. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $179.88 million, a P/E ratio of -0.50 and a beta of 1.61. The company’s fifty day moving average is $1.46 and its 200-day moving average is $1.90.
GoPro (NASDAQ:GPRO – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.01. GoPro had a negative return on equity of 14.66% and a negative net margin of 36.75%. The business had revenue of $186.22 million during the quarter, compared to analyst estimates of $170.02 million. During the same quarter in the prior year, the business posted ($0.13) EPS. GoPro’s revenue for the quarter was down 22.7% compared to the same quarter last year. On average, research analysts expect that GoPro will post -0.53 earnings per share for the current fiscal year.
Institutional Investors Weigh In On GoPro
About GoPro
GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.
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