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Published: Fri, February 03, 2017
Economy | By Melissa Porter

GoPro Karma drone returns to market


GoPro Inc was Downgraded by Raymond James to " Mkt Perform" on Nov 9, 2016. The quarter saw the company pull in just $540.6 million in revenue, which was far short of the $573 million analysts were expecting. Earnings per share for the recently concluded quarter is expected to come in at $0.23 a share with $577.01M in revenue. For the most recent quarter, quick ratio was 1, current ratio was 1.4, LT Debt/Equity ratio was 0 and Total Debt/Equity ratio was 0. The median estimate represents a -7.76% decrease from the last price of 10.57. GoPro initiated a recall of the quadcopter in November - after less than a month on the market - though there wasn't a legal obligation to start the recall and no injuries were reported from the glitch. According to their predictions High & Low revenue estimates are 608.76 Million and 515.2 Million respectively.

GoPro (GPRO) announced its Q4 2016 results Thursday and it was ugly. Its last month's stock price volatility remained 4.58% which for the week approaches 3.61. It looks for a GAAP and non-GAAP gross margin in the low 30% range. The share price has moved backward from its 20 days moving average, trading at a distance of -8.58% and stays -8.29% away from its 50 days moving average. Currently, the company has SMA200 (200-day simple moving average) of -10.6 Percent.

While looking at the Stock's Performance, GoPro, Inc. now shows a Weekly Performance of 5.7%, where Monthly Performance is 21.35%, Quarterly performance is -17.29%, 6 Months performance is -15.78% and yearly performance percentage is 3.22%.

Many research firms have provided their ratings on GoPro, Inc.

Longbow Downgrade its coverage for GoPro, Inc. Moreover, Dougherty & Company issued Downgrade rating for the stock on 9-Nov-16.

The latest Insider trade was made on 2 Jan 2017 where Bates Anthony John Director did a transaction type "Buy" in which 38009 shares were traded at a price of $0.

GoPro had tried to paint a cheery picture of the holiday shopping quarter after Black Friday, as it issued a press release saying that unit sell-through over Black Friday week rose 35% at leading USA retailers.

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