Is GoPro Meeting Analysts’ Expectations in September 2017?
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.
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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
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.