GoPro’s Trading Trends Compared to Analyst Estimates in October 2017

Stock trends

Since the beginning of 2017, GoPro (GPRO) stock has risen more than 8.8% after falling ~52.0% in 2016. The stock has generated returns of -1.0% in the past five trading days. In the trailing-12-month period, GoPro stock has fallen more than 35.0%. In the past one-month period, it has fallen 11.0%.

Among GoPro’s technology (QQQ) peers, Canon (CAJ) and Garmin (GRMN) have generated returns of 22.0% and 15.0%, respectively, in the trailing-12-month period.

GoPro’s Trading Trends Compared to Analyst Estimates in October 2017

Moving averages

On October 20, 2017, GoPro closed the trading day at $9.48. Based on that price, the stock’s moving averages were as follows:

  • 3.3% above its 100-day moving average of $9.17
  • 5.3% below its 50-day moving average of $10.01
  • 7.0% below its 20-day moving average of $10.19

Analyst recommendations

Of the 13 analysts tracking GoPro, two gave the stock “buy” recommendations, nine recommended a “hold,” and two recommended a “sell” on the stock.

The analysts’ price target for GoPro stock is $10.56 with a median target estimate of $10.50. GoPro is now trading at a discount of 11.0% to the median analyst estimate.

RSI and MACD

GoPro’s 14-day MACD (moving average convergence divergence) is -0.16. A stock’s MACD is the difference between its short-term and long-term moving averages. Because GoPro’s MACD is negative, it indicates a downward trading pattern.

GoPro also has a 14-day RSI (relative strength index) score of 26, which shows that the stock is trading in oversold territory. If an RSI is above 70, it indicates that a stock has been overbought, while an RSI figure below 30 suggests that a stock has been oversold.