Extremely significant negative changes in GoPro Inc (NASDAQ: GPRO) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its longer term price trend turned down, and negative upside/downside volume developed.
GoPro Inc (NASDAQ: GPRO) suffers from minimal negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GPRO is expected to continue to be a major Value Builder.
GoPro has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. GoPro has a slightly positive Appreciation Score of 67 and a good Power Rating of 72, triggering the Highest Value Trend Rating.
Recent Price Action
GoPro Inc (NASDAQ: GPRO) stock closed at $3.75 on 9/11/20 after a decline of -1.1%. However, trading volume in this decline was unusually low at 65% of normal. The stock has been strong relative to the market over the last nine months but has declined -15.2% during the last week.