GoPro (NASDAQ:GPRO) Posts Quarterly Earnings Results

GoPro (NASDAQ:GPRO) announced its earnings results on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.12), Zacks reports. GoPro had a negative net margin of 44.37% and a negative return on equity of 33.48%.

GoPro Stock Performance

GPRO stock traded down $0.01 during midday trading on Thursday, hitting $1.08. The stock had a trading volume of 4,596,989 shares, compared to its average volume of 1,907,869. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The stock has a 50-day simple moving average of $1.11 and a 200 day simple moving average of $1.25. The firm has a market capitalization of $167.14 million, a price-to-earnings ratio of -0.41 and a beta of 1.51. GoPro has a 52 week low of $0.89 and a 52 week high of $3.03.

Analysts Set New Price Targets

Separately, Wedbush restated a “neutral” rating and issued a $1.50 price objective on shares of GoPro in a report on Friday, January 31st.

GoPro Company Profile

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.