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What Do Analysts Recommend for GoPro ahead of 2Q16 Results?

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Jul. 18 2016, Updated 1:06 p.m. ET

Analyst recommendations

Of the 18 analysts covering US-based (SPY) GoPro (GPRO), five have given it a “buy” recommendation, two recommend a “sell,” and 11 recommend a “hold.” The analysts’ stock price target for the company is $11.95 with a median target estimate of $11. GoPro is trading at a premium of 10.4% to median analyst estimates.

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Shareholder returns and stock trends

GoPro generated investor returns of -77.7% in the trailing-12-month period and 26.5% in the trailing-one-month period. In comparison, it generated -71.5% in 2015 and -31.8% YTD (year-to-date). The company’s share price rose by 14% in the trailing-five-day period.

In comparison, peer companies including Japan-based (EWJ) Sony (SNE) and Canon (CAJ) generated returns of 6.2% and -10.2%, respectively, in the trailing-12-month period.

Moving averages

On July 14, 2016, GoPro closed the trading day at $12.28. Based on this figure, here’s how the stock fared in terms of its moving averages:

  • 6.9% above its 100-day moving average of $11.49
  • 18% above its 50-day moving average of $10.4
  • 12% above its 20-day moving average of $10.96

MACD and RSI

The MACD (moving average convergence divergence) is the difference between a company’s short-term and long-term moving averages. GoPro’s 14-day MACD is 0.19. This positive figure indicates an upward trading trend.

The company’s 14-day RSI (relative strength index) is 68, which shows that its stock has been overbought. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI figure of below 30 suggests that a stock has been oversold.

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