GoPro, Inc. (NASDAQ:GPRO – Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 6,620,000 shares, a drop of 6.8% from the March 15th total of 7,100,000 shares. Approximately 5.5% of the shares of the stock are sold short. Based on an average daily volume of 1,840,000 shares, the days-to-cover ratio is currently 3.6 days.
Analyst Ratings Changes
Separately, Wedbush reissued a “neutral” rating and issued a $2.00 price target on shares of GoPro in a report on Wednesday, March 27th.
Get Our Latest Research Report on GPRO
Hedge Funds Weigh In On GoPro
GoPro Stock Down 0.6 %
GPRO opened at $1.76 on Thursday. The company has a market capitalization of $263.82 million, a PE ratio of -5.18 and a beta of 1.43. The firm has a 50-day simple moving average of $2.22 and a two-hundred day simple moving average of $2.85. The company has a quick ratio of 1.35, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. GoPro has a 52 week low of $1.68 and a 52 week high of $4.73.
GoPro (NASDAQ:GPRO – Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $295.42 million during the quarter, compared to analysts’ expectations of $326.99 million. GoPro had a negative return on equity of 11.66% and a negative net margin of 5.29%. Analysts forecast that GoPro will post -0.38 earnings per share for the current fiscal year.
About GoPro
GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.
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