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Could GoPro Continue to Beat Market Expectations?

PART:
1 2 3 4 5 6 7 8 9 10
Part 10
Could GoPro Continue to Beat Market Expectations? PART 10 OF 10

Is GoPro Meeting Analysts’ Expectations in September 2017?

Shareholder returns

Since the start of 2017, GoPro (GPRO) stock has risen 17.8%. It fell 51% in 2016. The stock has generated returns of 11.4% over the past five trading days. In the trailing-12-month period, GoPro stock has fallen 8.4%. In the last month, it has fallen 2.5%. GoPro’s consumer technology (QQQ) peers Garmin (GRMN) and Canon (CAJ) have generated returns of 6.8% and 17%, respectively, in the trailing-12-month period.

Is GoPro Meeting Analysts&#8217; Expectations in September 2017?

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GoPro’s moving averages

On September 8, 2017, GoPro closed the trading day at $10.26. Based on that stock price, the stock’s moving averages are as follows:

  • 19.2% above its 100-day moving average of $8.61
  • 16.8% above its 50-day moving average of $8.79
  • 10.1% above its 20-day moving average of $9.32

Analyst recommendations

Of the 14 analysts tracking GoPro, one gave the stock a “buy” recommendation, and ten analysts recommended “hold.” There were three “sell” recommendations.

Analysts’ consensus price target for GoPro stock is $9.45, with a median target estimate of $9.50. GoPro is thus trading at a premium of 7.4% to the median analyst estimate.

GoPro’s moving average convergence divergence

GoPro’s 14-day MACD (moving average convergence divergence) stands at ~0.14. A stock’s MACD is the difference between its short-term and long-term moving averages. As GoPro’s MACD is positive, it indicates an upward trading pattern.

GPRO has a 14-day RSI (relative strength index) score of 71, which shows that the stock is trading in “overbought” territory. If a stock’s RSI score is above 70, it indicates that the stock has been overbought, while an RSI score below 30 suggests it has been oversold.

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