Price movement of GoPro
GoPro (GPRO) rose by 0.07% to close at $14.61 per share on January 13, 2016. The price movement on a weekly, monthly, and year-to-date (or YTD) basis is -20.6%, -23.7%, and -18.9%, respectively.
Technically, the stock has broken the support and is trading below all moving day averages. Currently, GoPro is trading 17.9% below its 20-day moving average, 26.6% below its 50-day moving average, and 63.8% below its 200-day moving average.
The iShares Morningstar Small-Cap Growth ETF (JKK) invests 0.29% of its holdings in GoPro. The ETF tracks a market-cap-weighted index of US small-cap growth stocks. The index selects from the 70% to 90% segment of the market cap based on five factors.
The First Trust US IPO (FPX) invests 0.17% of its holdings in GoPro. The ETF tracks a market-cap-weighted index of the 100 largest US IPOs over the first 1,000 trading days of each stock. Stocks must pass additional quantitative screens to make it into the index.
The competitors of GoPro (GPRO) and their market caps are:
GoPro’s preliminary results for fiscal 4Q15 and fiscal 2015
GoPro’s preliminary results for fiscal 4Q15 were as follows:
- revenue of ~$435.0 million, including a $21 million reduction for price-protection-related charges resulting from the HERO4 Sessions repricing in December
- non-GAAP gross margin in the range of 34.5% to 35.5%
- non-GAAP operating expense in the range of $150.0 to $152.5 million
GoPro’s preliminary results for fiscal 2015 were as follows:
- revenue of $1.6 billion
- cash, cash equivalents, and marketable securities of ~$475 million on December 31, 2015
To increase its growth, the company has implemented a reduction in workforce of ~7%. The company will incur ~$5 million to $10 million of restructuring expenses in fiscal 1Q16, all of which will be severance costs.
The PE (price-to-earnings) and PBV (price-to-book value) ratios of GoPro are 9.6x and 1.9x, respectively, as of January 15, 2016.