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What Can We Expect from GoPro in 2Q17?

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Part 6
What Can We Expect from GoPro in 2Q17? PART 6 OF 6

What Analysts Are Recommending for GoPro in July 2017

Stock returns

In the trailing 12-month period, GoPro (GPRO) stock has fallen 26.5%. In the last month, it has risen 2.7%. Since the start of 2017, the stock has fallen 8.0% after falling more than 50.0% in 2016. It has also fallen more than 5.0% in the last five trading days. In comparison, shares of Japan-based (EWJ) Sony (SNE) and Canon (CAJ) have generated returns of 33.0% and 23.7%, respectively, in the trailing 12-month period.

What Analysts Are Recommending for GoPro in July 2017

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Analyst recommendations

Of the 17 analysts covering consumer technology (QQQ) company GoPro (GPRO), one has given it a “buy” recommendation, seven have recommended a “sell,” and nine have recommended a “hold.”

The analyst stock price target for the company is $8.60, with a median target estimate of $8.50. GoPro is trading at a discount of 6.1% to median analyst estimates.

Moving averages

On July 20, 2017, GoPro closed the trading day at $8.01. Based on this price, here’s how the stock fared in terms of its moving averages:

  • 4.6% below its 100-day moving average of $8.39
  • 3.0% below its 50-day moving average of $8.26
  • 1.0% below its 20-day moving average of $8.08

MACD and RSI

GoPro’s 14-day moving average convergence divergence (or MACD) is about -0.05. A stock’s MACD is the difference between its short-term and long-term moving averages. GoPro’s negative figure indicates a downward trading trend.

GoPro has a 14-day RSI (relative strength index) score of 41, which shows the 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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