Is GoPro stock a bargain in 2021?
Total revenue grew 30% in 2021 versus the prior year. At its recent share price, that values the company at a price-to-sales ratio of below 1. 2. Yet January's stock slump means that investors don't currently think shares are a bargain. That likely is because it remains questionable that GoPro's recent growth is sustainable.
How did GoPro’s earnings beat the FactSet consensus?
On an adjusted basis, GoPro GPRO, -6.84% earned 41 cents a share, up from 39 cents a share a year prior and ahead of the FactSet consensus, which was for 35 cents a share. GoPro’s revenue increased to $391 million from $358 million, while analysts tracked by FactSet were anticipating $382 million.
How much did GoPro lose in 2020?
Though GoPro reported positive earnings for the holiday quarter, it continued its string of annual net losses that started in 2015. Even after earning $44.4 million in the final quarter of 2020, the company lost $66.8 million for the year.
Is GoPro a profitable business?
GoPro just completed its first profitable year since 2015 as it grows its online and subscription business. Investors following action camera maker GoPro ( GPRO -0.23% ) knew the company was on track to make a profit in 2021, after five straight losing years.
Is GoPro a good stock to buy now?
GPRO is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 8.68, while its industry has an average P/E of 14.56. Over the last 12 months, GPRO's Forward P/E has been as high as 20.06 and as low as 7.60, with a median of 11.48.
What happened to GoPro?
0:5310:45What Happened To GoPro? - YouTubeYouTubeStart of suggested clipEnd of suggested clipDisappointment. There weren't many solutions on the market. You either had to record from the shoreMoreDisappointment. There weren't many solutions on the market. You either had to record from the shore which largely deprived the support of its intensity. Or you had to buy expensive waterproof cameras.
Is GoPro a good stock to buy 2020?
As for GoPro's online sales, it hopes that e-commerce will make up more than half of its purchases by 2021. In addition, GoPros that sell for more than $300 accounted for nearly 90% of its first-quarter revenue for 2020, which shows there is a strong market for high-end cameras.
Is GoPro stock gonna go up?
During the day the stock fluctuated 5.00% from a day low at $5.95 to a day high of $6.25. The price has fallen in 6 of the last 10 days and is down by -8.29% for this period....Predicted Opening Price for GoPro of Monday, June 27, 2022.Fair opening price June 27, 2022Current price$6.06$5.97 (Undervalued)
Is GoPro losing money?
What happened. Investors following action camera maker GoPro (GPRO 0.54%) knew the company was on track to make a profit in 2021, after five straight losing years. But January 2022 still marked a 14.1% decline in the company's share price, according to data provided by S&P Global Market Intelligence.
Who is GoPro's biggest competitor?
Best GoPro alternatives in 2022DJI Osmo Action. GoPro's true rival offers 4K video, a front facing screen and excellent stabilization. ... AKASO EK7000 Pro. ... DJI Action 2. ... Insta360 ONE R Twin Edition. ... Akaso Brave 7 LE. ... DJI Pocket 2. ... Olympus Tough TG-6. ... DJI Mavic Air 2.
Is GPRO buy or sell?
Out of 5 analysts, 2 (40%) are recommending GPRO as a Strong Buy, 1 (20%) are recommending GPRO as a Buy, 1 (20%) are recommending GPRO as a Hold, 0 (0%) are recommending GPRO as a Sell, and 1 (20%) are recommending GPRO as a Strong Sell.
Is GoPro a good stock to buy 2021?
GoPro is still a bargain right now. My valuation model shows that the intrinsic value for the stock is $13.48, but it is currently trading at US$9.14 on the share market, meaning that there is still an opportunity to buy now. Although, there may be another chance to buy again in the future.
Is GPRO good investment?
GoPro, Inc. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of GPRO, demonstrate its potential to outperform the market. It currently has a Growth Score of B.
Is GPRO overvalued?
In short, The stock of GoPro (NAS:GPRO, 30-year Financials) is believed to be significantly overvalued. The company's financial condition is fair and its profitability is poor. Its growth ranks better than 91% of the companies in Hardware industry.
How high will GoPro stock Go?
Stock Price Forecast The 7 analysts offering 12-month price forecasts for GoPro Inc have a median target of 12.00, with a high estimate of 13.00 and a low estimate of 8.00. The median estimate represents a +104.78% increase from the last price of 5.86.
Why did GoPro stock go up?
GoPro had a great earnings report that crushed analyst estimates. Revenue rose 13% year over year, and adjusted earnings per share (EPS) were $0.34. Analysts only predicted $0.20 in EPS, so this was a big surprise to the upside. Importantly, GoPro delivered strong results in key initiatives.
What happened
Shares of action-camera maker GoPro ( GPRO -0.23% ) sank more than 20% at their lows on Friday, and remained down 18.6% as of 3:30 p.m. EST.
So what
Though the company highlighted the 28% sequential improvement in revenue versus the third quarter, the seasonally stronger fourth quarter fell short when compared to the 2019 period. For the full year, 2020 revenue dropped by 25% versus 2019.
Now what
Though GoPro reported positive earnings for the holiday quarter, it continued its string of annual net losses that started in 2015. Even after earning $44.4 million in the final quarter of 2020, the company lost $66.8 million for the year.
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Dropping revenue isn't good news for GoPro's recovery story
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
What happened
Shares of action camera company GoPro ( NASDAQ:GPRO) fell 16% in February, according to data provided by S&P Global Market Intelligence, after the company reported fourth-quarter 2020 earnings. Shares recovered slightly early in March and were up 6% in the first four days of the month.
So what
GoPro is trying to sell investors on a recovery story and that narrative took a hit last month. The typically strong fourth quarter resulted in a 32.3% drop in revenue to $357.8 million and a 53.6% drop in net income to $44.4 million, or $0.28 per share.
Now what
GoPro is in a tough position today because it isn't a growth stock and it's hard to argue it's a value stock given continued financial losses. Each time the company takes a step forward it seems to take another back.
What happened
Shares of outdoor action camera developer GoPro ( GPRO -0.23% ) slipped 14% as of the market close today. The company, which hasn't reported a profitable year since 2015, announced yesterday that it is seeking to raise $100 million.
So what
GoPro reported a decent third quarter earlier this month, with revenue more than doubling over the prior-year period. Investors cheered the news and pushed shares up to what amounted to a more than 50% gain since the beginning of September.
Now what
GoPro said the convertible unsecured senior notes will be due in 2025. They are being sold to institutional buyers in a private placement. Some of the proceeds will be used for "repaying indebtedness and expanding its current business through acquisitions," the company said, though there are no current commitments for new acquisitions.
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Consumers have to stay home, taking away the primary use case for action cameras
I've been a contributor with the Motley Fool since 2019 and it's been a supreme joy to try to help make the world a little smarter, happier, and richer every day. What's great about exploring business and the economy is the insight it gives you into how things are in the world.
What happened
Shares of camera company GoPro ( NASDAQ:GPRO) crashed 31% in March, according to data provided by S&P Global Market Intelligence . While the impact from COVID-19 on GoPro's business isn't immediately apparent, there is a case to be made.
So what
An analyst from Oppenheimer suggested GoPro's sales have dropped because of the coronavirus. However, GoPro itself has yet to release any business update regarding COVID-19. Therefore, the suggestion that camera sales are falling is just a guess. But it is reasonable speculation.
Now what
Camera sales aren't the only way GoPro generates revenue; it also sells a subscription service called GoPro Plus. There are now over 300,000 subscribers and that base was still growing fast as of the company's fourth-quarter earnings call.