GoPro Stock Forecast - 8 Period Moving Average

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GPRO -- USA Stock  

Report: 6th of August 2020  

GoPro Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast GoPro historical stock prices and determine the direction of GoPro Inc's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of GoPro historical fundamentals such as revenue growth or operating cash flow patterns. Although GoPro naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of GoPro Inc systematic risk associated with finding meaningful patterns of GoPro fundamentals over time. Please check Historical Fundamental Analysis of GoPro to cross-verify your projections.

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GoPro Cash and Equivalents Turnover is quite stable at the moment as compared to the past year. The company's current value of Cash and Equivalents Turnover is estimated at about 7.06. GoPro Weighted Average Shares Diluted is quite stable at the moment as compared to the past year. The company's current value of Weighted Average Shares Diluted is estimated at about 145.97 Million. Issuance Purchase of Equity Shares is projected to rise to about 5.7 M this year, although the value of Weighted Average Shares will most likely fall to about 142.5 M.
An 8-period moving average forecast model for GoPro is based on an artificially constructed time series of GoPro daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

GoPro 8 Period Moving Average Price Forecast For the 14th of July 2020

Given 30 days horizon, the forecasted value of GoPro Inc on the next trading day is expected to be  4.86  with a mean absolute deviation of  0.24 , mean absolute percentage error of  0.09 , and the sum of the absolute errors of  12.93 
 4.86 

GoPro Stock Forecast Pattern

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GoPro Forecasted Value

Market Value
4.97
13th of July 2020
4.86
Expected Value
9.23
Upside

Model Predictive Factors

AICAkaike Information Criteria101.0505
BiasArithmetic mean of the errors -0.1667
MADMean absolute deviation0.244
MAPEMean absolute percentage error0.0574
SAESum of the absolute errors12.9325
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. GoPro Inc 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for GoPro

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GoPro Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Earnings
Estimates (2)
LowProjected EPSHigh
-0.73-0.57-0.41
Details
Hype
Prediction
LowEstimated ValueHigh
0.514.889.25
Details
Intrinsic
Valuation
LowReal ValueHigh
0.193.808.17
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.564.805.03
Details
5 Analysts
Consensus
LowTarget PriceHigh
2.503.887.00
Details

Other Forecasting Options for GoPro

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Please check Historical Fundamental Analysis of GoPro to cross-verify your projections. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.
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