GoPro Reaches New 52-Week High at $51.75 (GPRO)
GoPro (NASDAQ:GPRO)’s share price reached a new 52-week high during mid-day trading on Friday , ARN reports. The company traded as high as $51.75 and last traded at $51.51, with a volume of 6,984,544 shares. The stock had previously closed at $48.90.
GPRO has been the subject of a number of recent research reports. Analysts at Dougherty & Co reiterated a “neutral” rating on shares of GoPro in a research note on Monday. Separately, analysts at Robert W. Baird raised their price target on shares of GoPro from $43.00 to $45.00 in a research note on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $48.67.
The stock’s 50-day moving average is $41.67 and its 200-day moving average is $41.55. The company has a market cap of $6.546 billion and a P/E ratio of 155.73.
GoPro (NASDAQ:GPRO) last released its earnings data on Thursday, July 31st. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.01. The company had revenue of $244.60 million for the quarter, compared to the consensus estimate of $237.97 million. GoPro’s revenue was up 38.1% compared to the same quarter last year. On average, analysts predict that GoPro will post $0.79 earnings per share for the current fiscal year.
GoPro, Inc, formerly Woodman Labs, Inc, develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content.
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