Alert: Positive Investment/Fundamental Signals (11/20/23)-GoPro Inc (NASDAQ: GPRO)


Extremely significant positive changes in GoPro Inc (NASDAQ: GPRO) investment behavior have recently occurred: the stock rose on very heavy volume, and its shorter term price trend turned up.

Recent important positive changes in fundamentals have benefitted GoPro Inc (NASDAQ: GPRO): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

GPRO is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.

GoPro has a current Value Trend Rating of F (Lowest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. GoPro has a slightly negative Appreciation Score of 40 and a very low Power Rating of 14, producing the Lowest Value Trend Rating.

Recent Price Action

GoPro Inc (NASDAQ: GPRO) stock enjoyed a very large increase of 5.9% on 11/20/23. The shares closed at $3.75. The stock has been extremely weak relative to the market over the last nine months but has risen 23.0% during the last week.

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