It’s Earnings Time: How to Trade Urban GoPro, Inc. (NASDAQ:GPRO) Stock

The difference between the expected and actual EPS was $-0.25/share, which represents an Earnings surprise of -71.4%.

Analyst’s Analysis on GoPro, Inc. (NASDAQ:GPRO)-0 analysts issued Strong buy for the stock, 0 analysts have given a Buy rating, 0 think it’s a HOLD, 0 reported it as Underperform, while 0 analyst issued a Sell rating. (NASDAQ:GPRO) for the current quarter. After peaking at a high of $93.85 in October 2014, the stock has been lurking below it’s IPO price of $24 since late 2015.

Analysts on average were expecting $574.5 million, having lowered their estimate by almost 14 percent since November 3, when GoPro gave a revenue forecast of $600 million to $650 million for the quarter. They’ve declined by almost 19% in the past three months and 9.5% in the past year, vastly underperforming the S&P 500 SPX, +0.69%, which is up 10% from three months ago and 20% in the past year. Vanguard Group Inc. raised its stake in GoPro by 6.7% in the second quarter. The Karma flew thousands of hours of test flights after the new battery latch was installed so that GoPro can make sure that the solution was an effective one. The Market Capitalization of the company stands at 1.49 Billion. The company has a 52-week high of $17.68. Ensco plc (NYSE:ESV) distance from 200-day simple moving average (SMA200) is 15.65%. Despite the success of the Hero 5, the firm’s stock price dropped by $.82 per share in the last quarter of 2016, indicating that while sales may be improving, confidence in the company has been affected by the recall. (NASDAQ:GPRO) traded with the volume of 4.33 Million in the previous trading session.

For more than a year, GoPro stock has been a risky bet, and given the disappointing earnings and downbeat guidance, the stock is likely to remain risky going forward.

The company shows its Return on Assets (ROA) value of -35.6%. The company’s Relative strength index is 71.67. MSI Financial Services Inc now owns 6,812 shares of the company’s stock worth $114,000 after buying an additional 2,044 shares during the last quarter. Analyst’s mean target price for the firm is $9.66 while analysts mean recommendation is 3.00.

The consensus recommendation, according to Zacks Investment research, is 3.2.

The stock is now showing YTD performance of 25.95 Percent.

IBD’S TAKE: GoPro stock has a lousy IBD Composite Rating of 7, meaning it has been outperformed by 93% of stocks in key metrics over the past 12 months.

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