Last Updated: 10 Nov 2024
Executive Summary
GoPro Inc. (GPRO) is a leading manufacturer of action cameras and accessories. The company has faced challenges in recent years, but its financial performance has improved in recent quarters. GoPro's stock price has been volatile, but it has rebounded from its 52-week low. Analysts are mixed on the company's prospects, but the consensus is that GoPro is a hold.
Company Overview
GoPro was founded in 2002 and is headquartered in San Mateo, California. The company's products are used by a wide range of consumers, including athletes, adventurers, and travelers. GoPro's cameras are known for their durability, portability, and image quality.
Fundamental Analysis
GoPro's financial performance has been mixed in recent years. The company reported a loss in 2020, but it returned to profitability in 2021. GoPro's revenue has been declining in recent quarters, but the company's gross margin has improved.
GoPro's balance sheet is strong. The company has a low level of debt and a high level of cash and equivalents. GoPro's cash flow from operations has been positive in recent quarters.
Technical Analysis
GoPro's stock price has been volatile in recent years. The stock reached a 52-week high of $3.80 in November 2021, but it fell to a 52-week low of $1.16 in May 2022. The stock has since rebounded and is currently trading at $1.57.
GoPro's technical indicators are mixed. The stock's relative strength index (RSI) is above 50, which indicates that the stock is overbought. However, the stock's moving average convergence divergence (MACD) is below zero, which indicates that the stock is in a downtrend.
Short Term Outlook
Analysts are mixed on GoPro's short-term prospects. Some analysts believe that the stock is overvalued and that it could fall in the near term. Other analysts believe that the stock is undervalued and that it could rise in the near term.
Long Term Outlook
Analysts are more bullish on GoPro's long-term prospects. The company is a leader in the action camera market, and its products are popular with consumers. GoPro is also investing in new products and technologies, which could drive growth in the future.
Analyst Recommendations
The consensus among analysts is that GoPro is a hold. The average analyst price target is $1.35, which is below the current stock price.
