GoPro’s (GPRO) investors have had a rough ride since it was listed on the stock exchange in June 2014. Whereas the stock closed at $33.35 on June 23, 2014, and was trading close to $90 in October 2014, it has been a downhill ride since for investors.
GoPro stock fell 72% in 2015, ~50% in 2016, 17% in 2017, and 42% in 2018. The stock has gained ~50% this year. GoPro stock has fallen 81% since its IPO and 51% in the last three years. In comparison, Fitbit (FIT), Garmin (GRMN), and Fossil (FOSL) have returned 9%, 37%, and -18% this year, respectively.
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Of the 13 analysts tracking GoPro, two recommend “buy,” nine recommend “hold,” and two recommend “sell.” Their average 12-month price target of $6.25 implies a 0.5% fall.
GoPro stock closed at $6.28 yesterday, 13% above its 100-day moving average of $5.55, 0.5% above its 50-day moving average of $6.28, and 5% below its 20-day moving average of $6.60.
Its 14-day MACD (moving average convergence divergence) is -0.25. A stock’s MACD marks the difference between its short- and long-term moving averages. GoPro’s negative MACD score indicates a downward trading trend.
GoPro’s 14-day RSI (relative strength index) score is 41. An RSI score above 70 indicates a stock is overbought, while an RSI score below 30 indicates it is oversold.