In yesterday’s Wall Street session, GoPro Inc (NASDAQ:GPRO) shares traded at $0.90, down -16.78% from the previous session.
GPRO stock price is now -19.46% away from the 50-day moving average and -33.42% away from the 200-day moving average. The market capitalization of the company currently stands at $141.47M.
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With the price target maintained at $2, Wedbush recently Downgraded its rating from Outperform to Neutral for GoPro Inc (NASDAQ: GPRO). On December 12, 2023, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $4.20 to quote $3, while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Lurie Alexander J, Director sold 219,120 shares of the company’s stock on Nov 14 ’24. The stock was sold for $276,288 at an average price of $1.26. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Director Lurie Alexander J sold 61,268 shares of the business’s stock. A total of $82,804 was realized by selling the stock at an average price of $1.35. This leaves the insider owning 219,120 shares of the company worth $0.2 million. A total of 19.43% of the company’s stock is owned by insiders.
During the past 12 months, GoPro Inc has had a low of $0.89 and a high of $3.03. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 0.95, and a quick ratio of 0.61. The fifty day moving average price for GPRO is $1.11592 and a two-hundred day moving average price translates $1.349955 for the stock.
The latest earnings results from GoPro Inc (NASDAQ: GPRO) was released for 2024-09-30. The net profit margin was -53.94% and return on equity was -122.20% for GPRO. The company reported revenue of $258.9 million for the quarter, compared to $294.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.03 percent. For the current quarter, analysts expect GPRO to generate $124.65M in revenue.
