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Not a Single ‘Buy’ Recommendation for GoPro

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Jul. 31 2018, Updated 10:31 a.m. ET

Stock trading above analysts’ median estimates

Of the nine analysts tracking GoPro (GPRO), none have recommended a “buy,” six have recommended a “hold,” and three have recommended a “sell.” Their 12-month average price target for GoPro is $5.54, and the median estimate is $5.30. GoPro is trading at a premium of ~11.2% to analysts’ median estimate. The low estimate for GoPro stock is $4, and the high estimate is $8.

Three analysts have downgraded GoPro this year. On January 8, Longbow Research downgraded GoPro from “buy” to “neutral.” On January 23, Morgan Stanley (MS) downgraded GoPro from “equalweight” to “overweight,” and on February 2, J.P. Morgan (JPM) downgraded the stock from “overweight” to “neutral.”

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Moving averages

On July 27, GoPro closed at $5.97. Based on that price, the stock was trading as follows:

  • 5.1% above its 100-day moving average of $5.68
  • 3.5% below its 50-day moving average of $6.19
  • 7.2% below its 20-day moving average of $6.43

Moving average convergence divergence

GoPro’s 14-day MACD (moving average convergence divergence) is 0.05. A stock’s MACD marks the difference between its short- and long-term moving averages. A positive MACD indicates an upward trading trend.

GoPro’s 14-day RSI (relative strength index) score of 31 suggests that it’s trading very close to oversold territory. An RSI score of above 70 indicates that a stock has been overbought while an RSI score of below 30 indicates that it has been oversold.

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