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No ‘Buy’ Recommendations for GoPro in June

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Updated

GoPro’s stock returns

GoPro (GPRO) stock has returned -15% in the last 12 months, 22.5% in the last month, and 3.1% in the last five days. It fell 50% in 2016 and over 13% in 2017. Since the start of 2018, GoPro stock has fallen ~12.3%.

Consumer tech peers such as Fitbit (FIT), Fossil (FOSL), and Garmin (GRMN) have generated returns of 41%, 198%, and 19%, respectively, in the last 12 months.

Analysts’ recommendations and price targets

Of the nine analysts tracking GoPro stock, none have recommended “buys,” and six have recommended “holds” on the stock. There are three “sell” recommendations on the stock. Analysts’ 12-month average price target for GoPro is $5.54, and the median estimate is $5.3. GoPro is trading at a premium of 20% to its median estimate driven by its recent price increase.

Moving averages

On June 20, GoPro stock closed at $6.64. Based on that price, the stock is trading as follows:

  • 22% above its 100-day moving average of $5.44
  • 19.5% above its 50-day moving average of $5.56
  • 11.4% above its 20-day moving average of $5.96

Technical indicators

GoPro’s 14-day MACD (moving average convergence divergence) is 0.23. The MACD marks the difference between a stock’s short-term and long-term moving averages. GoPro’s positive MACD indicates an upward trading trend.

GoPro has a 14-day RSI (relative strength index) score of 70, which shows that the stock has entered into overbought territory. An RSI score of above 70 indicates that a stock has been overbought, while an RSI score of below 30 suggests that it has been oversold.

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