The share price of $GPRO dropped by around 20% on Feb 5 due to the its earnings came out below estimates.
Technical analysis:
As it is seen that we do have strong SUPPORT @$8.0 per share, when the price dropped it couldn't break it down.
Fundamental Analysis:
Gopro Inc Cl A (GPRO) reported 4th Quarter December 2020 earnings of $0.39 per share on revenue of $357.8 million. The consensus earnings estimate was $0.38 per share on revenue of $375.5 million.
The company said in its earnings presentation it expects first quarter non-GAAP results to range from a loss of $0.03 per share to earnings of $0.03 per share on revenue of $175.0 million to $190.0 million. The current consensus estimate is a loss of $0.10 per share on revenue of $167.3 million for the quarter ending March 31, 2021. The company also said it expects 2021 revenue of $1.07 billion to $1.11 billion. The current consensus estimate is revenue of $1.08 billion for the year ending December 31, 2021.
Overall analysis:
Wedbush raised the company's share price to $12 from $8. So we do have positive news. If $8 acts as Support we can BUY $GPRO with confidence.
Company profile:
GoPro Inc develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content. It produces mountable and wearable cameras and accessories.
Technical analysis:
As it is seen that we do have strong SUPPORT @$8.0 per share, when the price dropped it couldn't break it down.
Fundamental Analysis:
Gopro Inc Cl A (GPRO) reported 4th Quarter December 2020 earnings of $0.39 per share on revenue of $357.8 million. The consensus earnings estimate was $0.38 per share on revenue of $375.5 million.
The company said in its earnings presentation it expects first quarter non-GAAP results to range from a loss of $0.03 per share to earnings of $0.03 per share on revenue of $175.0 million to $190.0 million. The current consensus estimate is a loss of $0.10 per share on revenue of $167.3 million for the quarter ending March 31, 2021. The company also said it expects 2021 revenue of $1.07 billion to $1.11 billion. The current consensus estimate is revenue of $1.08 billion for the year ending December 31, 2021.
Overall analysis:
Wedbush raised the company's share price to $12 from $8. So we do have positive news. If $8 acts as Support we can BUY $GPRO with confidence.
Company profile:
GoPro Inc develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content. It produces mountable and wearable cameras and accessories.