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What We Can Expect from GoPro in 1Q17

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Part 4
What We Can Expect from GoPro in 1Q17 PART 4 OF 4

What Analysts Are Recommending for GoPro

Analyst recommendations

Of the 19 analysts covering the consumer tech (QQQ) company GoPro (GPRO), one gave it a “buy” recommendation, eight recommended a “sell,” and ten recommended a “hold.”

The analysts’ stock price target for the company is $8.70, with a median target estimate of $8.50. GoPro is trading at a premium of 0.6% to median analyst estimates.

What Analysts Are Recommending for GoPro

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Shareholder returns and stock trends

GoPro (GPRO) generated investor returns of -30.4% in the trailing 12-month period and 7.8% in the trailing one-month period. In comparison, it generated -51.6% in 2016 and -1.8% YTD (year-to-date). GoPro stock fell 1.7% in the trailing five-day period.

Among its peer companies, Japan-based (EWJ) Sony (SNE) and Canon (CAJ) generated returns of 26.8% and 10.2%, respectively, in the trailing 12-month period.

Moving averages

On April 7, 2017, GoPro closed the trading day at $8.55. Based on this price, here’s how the stock fared in terms of its moving averages:

  • 6.6% below its 100-day moving average of $9.15
  • 4.1% below its 50-day moving average of $8.92
  • 2.5% above its 20-day moving average of $8.35

MACD and RSI

A stock’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. GoPro’s 14-day MACD is approximately -0.10. This negative figure indicates a downward trading trend.

The company’s 14-day RSI (relative strength index) is 46, which shows that its stock has been somewhat oversold. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.

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