GoPro Inc (NASDAQ:GPRO)’s been diving lately and everybody’s wondering how the company’s doing from a financial point of view. The company’s stock got almost 26% cheaper through the last month, but still shows an approximately 115% upswing since its Initial Public Offering (IPO), swinging around the almost $67 figure. Bloomberg has been watching carefully the stock as GoPro Inc (NASDAQ:GPRO)’s financials are soon to be revealed.
“The camera manufacturer, turned content developer that just went public in June, reports earnings this afternoon after the closing bell. The market has been somewhat cruel to GoPro shares lately. They’ve lost about a third of their value since a record high of $94 earlier this month,” said Betty Liu.
GoPro Inc (NASDAQ:GPRO) is rated 82 out of 100 at Rapid Ratings, which analyzes about 60 different ratios and statistics for 30,000 companies and also accounts for the industry differences.
“It’s a high rating and basically what this rating is reflecting in GoPro is that they have done a very good job of generating revenues on a very low asset base. They’ve been able to do this generating returns and certainly when you look at it relative to a lot of other IPOs, tech-oriented, […] they’ve got profits,” informed James Gellert, chief executive officer at Rapid Ratings.
Gellert also expressed his opinion on the slump that GoPro Inc (NASDAQ:GPRO) experienced and he said that it was mostly related to the fact that many momentum traders did not see any potential gain as the overall markets stalled. So, the fact that the company’s financial health should please any investor is not actually incongruous with the downfall in prices. No other expectations related to GoPro Inc (NASDAQ:GPRO)’s share price have been drawn and it’s very imprecise to rush into making inferences about the stock as the company’s quite young and the markets haven’t learned enough to diminish price swings.
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