Active Volume Stock: GoPro, Inc. (NASDAQ:GPRO)
- Author: Darren Santiago Mar 17, 2017,
Mar 17, 2017, 1:24
Shares of GoPro were last seen up 15% at $8.46 on Thursday, with a consensus analyst price target of $8.63 and a 52-week trading range of $7.91 to $17.68. The stock is now moving above its 20-Day Simple Moving Average of -21.76% with the 50-Day Simple Moving Average of -21.76 percent. Wedbush reiterated a "neutral" rating and set a $10.68 price objective (down previously from $10.80) on shares of GoPro in a report on Tuesday, January 31st.
GoPro said on Wednesday that it would layoff 270 employees in its third round of cost cuts in just over a year as the troubled wearable camera-maker makes a bid to return to profitability.
"While the company maintains that its hardware and software product development roadmap is intact and that execution will not be impaired, we think the accelerating pace of cost cuts could elevate the risk profile around both", wrote Goldman Sachs analyst Simona Jankowski in a note to clients.
Shares of GoPro (NASDAQ:GPRO) opened at 7.35 on Thursday. (NASDAQ:GPRO) in which Citigroup Initiates Coverage On GoPro, Inc. Considering the announcement, the share movement might be justified, but the question remains whether to trust GoPro going forward, or will it sink back to these lows? During the same quarter in the previous year, the company earned ($0.08) earnings per share. In November, the company announced plans to lay off 200 workers and close its entertainment division, which aimed to build a media company with original content inside GoPro. For the quarter, shares have been noted at -16.57%. Hence, the surprise factor was -71.4 percent.
Jennifer Lopez and Alex Rodriguez Reportedly a Thing Now
Former New York Yankee Rodriguez, 41, ended a less-than-year-old relationship last month with Silicon Valley CEO Anne Wojcicki . When Cohen asked about sex tapes , Lopez said no, but then squirmed a little when asked if she's ever made one before.
In the last Quarter, GoPro, Inc. (NASDAQ:GPRO) reported Actual EPS of $0.29/share with the difference of 0.07 percent and a surprise of 31.8 percent.
Those expenses will be even less than what GoPro had already targeted for the year. The median estimate represents a +13.95% increase from the last price of 7.24. Analysts are looking for a loss of 53 cents per share on revenues of $200.6 million.
The company lost almost $116 million last quarter compared with a $34 million loss in the same period a year earlier.
While Looking at Sales Growth (Year/est), the company is now showing a percentage value of 50 percent.