10 Low Price High Volume Stocks to Buy Now

2. GoPro, Inc. (NASDAQ:GPRO)

Price: $0.80

Trading Volume: 3,411,632

No. of hedge fund owners: 13

A market leader in action cameras, GoPro, Inc. (NASDAQ:GPRO), is a tech company that enables users to capture high-quality and immersive content. Founded in 2002, the company revolutionized the action camera market with its HERO series. Their products have a strong consumer following,  widely used by adventure enthusiasts, athletes, and content creators. The loyal consumer base vouches for its high-speed functionality catering to their specific needs. Directly competing with brands like DJI and Insta360, the GoPro brand has built a strong market presence through its direct-to-consumer sales model and international expansion.

GoPro, Inc. (NASDAQ:GPRO) reported a revenue of $200.9 million in Q4 of 2024, a 32% decline compared to the same period in the previous year. Despite the downturn, the earnings and revenue were above market expectations by 18.18% and 0.87%, respectively, indicating a strong stand against challenges. To combat the financial pressures, the company announced a restructuring plan in mid-2024, including a 15% reduction in its workforce. This move was aimed at streamlining operations and reducing operating expenses by 30% for 2025. The company is also focusing on refining its product roadmap to create diversification and profitability.

The recent addition to its product lineup, the HERO13 Black, is aimed at tapping into a broader audience. The company also confirmed plans to release the Max 2 360 camera in 2025, as it continues to innovate in the immersive tech space.

The action camera segment is dynamic and undergoing rapid changes, and GoPro, Inc. (NASDAQ:GPRO)’s stock has experienced a 65% decline over the past year. This was despite the sub-industry’s 12.9% increase. This can be indicative of the company’s underperformance against the broader market. However, the company has demonstrated operational stability with diversified supply chains that have effectively mitigated potential impacts from U.S. tariffs. The company’s international presence has also proved to be strong.

In summary, GoPro, Inc. (NASDAQ:GPRO) offers a distinctive opportunity in the tech sector that the investors are taking note of, reflected in the high trading volumes. The company plans to return to unit and revenue growth with improved profitability. Its agile approach and strategic vision position it to tackle current challenges and tap into emerging opportunities.