GoPro Inc (NASDAQ:GPRO) Might be Worth $20
GoPro Inc (NASDAQ:GPRO) after hitting our target of $40 (see original) the question is now where will it settle.
Even at 33 times earnings the company looks overvalued as they have done little in terms of real tech advancement over the last year, they had a nifty, fad, hitechy gadget but its getting old. Many cheaper products are hitting the market, competition will eat away the margin.
For those trading with HEFFX GRPO produced huge returns.
So what is it worth, at the current growth rate maybe $20 for now.
Valuation Ratios
| Company | industry | sector | ||
|---|---|---|---|---|
| P/E Ratio (TTM) | 37.20 | 13.15 | 15.42 | |
| P/E High – Last 5 Yrs. | — | 79.71 | 31.33 | |
| P/E Low – Last 5 Yrs. | — | 26.41 | 13.35 | |
| Beta | — | 1.21 | 0.93 | |
| Price to Sales (TTM) | 3.42 | 0.33 | 6.59 | |
| Price to Book (MRQ) | 7.41 | 1.18 | 2.35 | |
| Price to Tangible Book (MRQ) | 8.24 | 2.53 | 9.15 | |
| Price to Cash Flow (TTM) | 27.59 | 6.51 | 72.49 | |
| % Owned Institutions | 49.74 | 0.02 | 0.83 | |
Expectations are getting lowered
Estimates Revisions Summary
| Last Week | Last 4 Weeks | |||
|---|---|---|---|---|
| Number Of Revisions: | Up | Down | Up | Down |
| Revenue | ||||
| Quarter Ending Sep-15 | 0 | 0 | 0 | 0 |
| Quarter Ending Dec-15 | 0 | 0 | 0 | 0 |
| Year Ending Dec-15 | 0 | 1 | 0 | 1 |
| Year Ending Dec-16 | 0 | 1 | 0 | 1 |
| Earnings | ||||
| Quarter Ending Sep-15 | 0 | 0 | 0 | 0 |
| Quarter Ending Dec-15 | 0 | 1 | 0 | 1 |
| Year Ending Dec-15 | 0 | 1 | 0 | 1 |
| Year Ending Dec-16 | 0 | 1 | 0 | 1 |
GOPRO INC A closed down -4.100 at 39.590. Volume was 60% above average (neutral) and Bollinger Bands are 100.12% wider than normal. The large width of the bands suggest high volatility as compared to GOPRO INC A’s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 7 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.
Open High Low Close Volume___
40.670 41.000 39.040 39.590 11,273,871
Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 46.60 55.58 53.65
Volatility: 72 63 76
Volume: 9,630,608 7,576,561 6,984,853
The current market condition for GOPRO INC A is:
Very Bearish
The close is currently Below it’s 200 period moving average.
The close is currently Below it’s 90 period moving average.
The close is currently Below it’s 30 period moving average.
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
GOPRO INC A gapped down today (bearish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
GOPRO INC A is currently 26.2% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume out of GPRO.O (mildly bearish). Our trend forecasting oscillators are currently bearish on GPRO.O and have had this outlook for the last 10 periods. Our momentum oscillator is currently indicating that GPRO.O is currently in an oversold condition.
HEFFX Candlesticks
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 23 white candles and 27 black candles for a net of 4 black candles.
A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 5 falling windows in the last 50 candles–this makes the current falling window even more bearish.
Trading the Swings
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 18.9695. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 6 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 20.74. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 4 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -146.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 4 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 16 period(s) ago.
GoPro, Inc., incorporated on August 24, 2011, produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. Its capture devices are sold through retailers, wholesale distributors and on the Company’s Website.
The Company offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO. The HERO4 cameras capture video and photos in a small, easy-to-use form factor. The HERO4 cameras has waterproof housing and select mounting accessories, and have built-in Wi-Fi, providing connectivity with a smartphone or tablet to enable remote control and content viewing and sharing functionality. The Company also offers the HERO, HERO3 White, HERO3+ Silver and HERO4 Silver and Black editions. It also sells accessories for cameras and enables its customers to self-capture from different viewpoints. In addition to its packages, the Company offers the HERO4 Black edition camera in music-and surf-specific bundles. The Company also offers accessories, including Battery BacPac, Smart Remote and liquid crystal display (LCD) Touch BacPac for cameras.
The Company offers a selection of mounts designed to enable consumers to capture content while engaged in a range of activities. This includes equipment-based mounts, such as the helmet, handlebar, roll bar, as well as grip and tripod mounts. It also enables customers to wear mounts on their bodies, such as wrist housing, chest harness and head strap. The mounts are backward-compatible with HERO, HERO2, HERO3 and HERO3+ cameras. The Company also offers other accessories, which include spare batteries, charging accessories, cables to connect GoPro cameras to television monitors, video transmitters and external microphones, flotation devices, dive filters, anti-fogging solutions and accessories for the Smart Remote.
The Company provides two software applications: GoPro Studio and GoPro App. GoPro Studio is a video editing tool that allows users to create videos from their GoPro content. GoPro Studio includes GoPro Edit Templates, which are based on video productions and enable users to produce videos using their own footage. GoPro Studio’s additional features include playback and trimming of video clips; frame rate and image quality adjustments; conversion of time lapse photos into videos; slow motion and speed ramping tools, and the ability to export videos for Web sharing.
The GoPro App allows users to control their GoPro cameras remotely using a smartphone or tablet. Its features include control of all camera settings; content preview and playback directly from the camera on a smartphone or tablet, and access to GoPro’s Photo of the Day, Video of the Day and content feeds. The GoPro App enables users to wirelessly copy footage from their cameras to mobile devices for storage and sharing without a computer. GoPro Channel content can also be viewed on smartphones via the GoPro App.
The Company competes with Canon Inc., Nikon Corporation, Olympus Corporation, Polaroid Holding Corporation and Vivitar Corporation, JVC Kenwood Corporation, Panasonic Corporation, Samsung Electronics Co., Sony Corporation, Toshiba Corporation and Garmin Ltd.
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