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Wednesday, March 22, 2023

Value Investing Philosophy And GoPro Inc. (NASDAQ: GPRO)?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for GoPro Inc. (GPRO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.11, or 2.10%, to $5.35. The GoPro Inc. has recorded 141,281 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted GoPro to Present at Morgan Stanley Technology, Media & Telecom Conference.

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Stocks Info

This NASDAQ-listed company operates within the Consumer Electronics industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $5.24 and fluctuated between $5.39 as its day high and $5.21 as its day low. The current market capitalization of GoPro Inc. is $801.04M. A total of 1.28 million shares were traded on the day, compared to an average of 1.60M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, GPRO has seen 5 BUY and 8 SELL insider trades, representing the acquisition of 295,946 and the disposition of 236,413 shares. Over the last 12 months, there were 20 BUYs and 42 SELLs from insiders. Insiders purchased 921,475 shares during that period but sold 991,748.

In the most recent transaction, MCGEE BRIAN sold 76,011 shares of GPRO for 5.66 per share on Feb 17. After the transaction, the EVP, CFO and COO now owns 414,571 company shares. In a previous transaction on Feb 16, ZALAZNICK LAUREN sold 50,000 shares at 5.78 per share. GPRO shares that Director owns now total 86,946.

Among the insiders who sold shares, Saltman Eve T. disposed of 41,346 shares on Feb 16 at a per-share price of $5.89. This resulted in the SVP, Corp/Bus Dev, CLO, Sec holding 141,490 shares of GPRO after the transaction. In another insider transaction, Lafrades Charles sold 2,500 shares at $5.83 per share on Feb 16. Company shares held by the Chief Accounting Officer now total 97,085.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for GPRO in the last 3 months, the mean price target is $6.00 with high estimates of $8.00 and low estimates of $4.00. In terms of 52-week highs and lows, GPRO has a high of $9.42 and a low of $4.50.

As of this writing, GPRO has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.17. The company reported an EPS of $0.19 in the last quarter, which was 18.80% higher than expectations of $0.16.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GPRO is Overweight with a score of 3.80. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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