GPRO Stock Summary and Trading Ideas (Gopro - Class A | NASDAQ:GPRO)

GoPro Inc is a United States-based company that is principally engaged in designing and providing cameras, mounts, drones and appliances. The company outsources a part of manufacturing to third parties in China. The company sells products across the world through its direct sales channel, which generates over half of total revenue, and indirectly through its distribution channel. The company has presence, including in the Americas, Europe, Middle East, Africa, and Asia-Pacific, with the Americas contributing over half of total revenue.

Gopro - Class A trades on the NASDAQ stock market under the symbol GPRO.

As of April 18, 2024, GPRO stock price declined to $1.75 with 1,670,610 million shares trading.

GPRO has a beta of 2.17, meaning it tends to be more sensitive to market movements. GPRO has a correlation of 0.34 to the broad based SPY ETF.

GPRO has a market cap of $262.32 million. This is considered a Small Cap stock.

Last quarter Gopro - Class A reported $295 million in Revenue and $.02 earnings per share. This fell short of revenue expectation by $-31 million and met earnings estimates .

In the last 3 years, GPRO stock traded as high as $12.97 and as low as $1.68.

The top ETF exchange traded funds that GPRO belongs to (by Net Assets): VTI, IWM, VXF, VB, VBR.

GPRO has underperformed the market in the last year with a price return of -62.0% while the SPY ETF gained +22.2%. GPRO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -43.2% and -17.1%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

GPRO support price is $1.70 and resistance is $1.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GPRO stock will trade within this expected range on the day.