GoPro Probability of Target Price Finishing Over 2.48

<div class='circular--portrait' style='background:#754DEB;color: #F0FFF0;font-size:3em;padding-top: 38px;;'>GPR</div>
GPRO -- USA Stock  

Fiscal Quarter End: 30th of June 2020  

GoPro probability of target price tool provides mechanism to make assumptions about upside and downside potential of GoPro Inc performance during a given time horizon utilizing its historical volatility. The Price to Book Value is projected to fall to 2.80. Price to Earnings Ratio is projected to rize to -3.86 this year.

Search Price Probability

Please specify GoPro time horizon, a valid symbol (red box) and a target price (blue box) you would like GoPro odds to be computed. Please check GoPro Backtesting, GoPro Valuation, GoPro Correlation, GoPro Hype Analysis, GoPro Volatility, GoPro History as well as GoPro Performance.
Apply Odds

GoPro Target Price Odds to finish over 2.48

Current PriceHorizonTarget PriceOdds to stay above $ 2.48  in 30 days
 4.72 30 days 2.48 
about 85.36
Based on normal probability distribution, the odds of GoPro to stay above $ 2.48  in 30 days from now is about 85.36 (This GoPro Inc probability density function shows the probability of GoPro Stock to fall within a particular range of prices over 30 days) . Probability of GoPro Inc price to stay between $ 2.48  and its current price of $4.72 at the end of the 30-day period is about 83.53 .
Given the investment horizon of 30 days, the stock has beta coefficient of 1.41 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, GoPro will likely underperform. Additionally The company has an alpha of 0.6273 implying that it can potentially generate 0.6273% excess return over DOW after adjusting for the inherited market risk (beta).
 GoPro Price Density 
Alpha over DOW
Beta against DOW=1.41
Overall volatility
Information ratio =0.08

GoPro Alerts and Suggestions

GoPro Inc appears to be very risky and stock price may revert if volatility continues
The company reported previous year revenue of 1.07 B. Net Loss for the year was (53.8 M) with profit before overhead, payroll, taxes, and interest of 412.84 M.
GEN-PROBE INC currently holds about 124.93 M in cash with (27.74 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of -0.4521.
Roughly 66.0% of the company shares are owned by institutional investors

GoProPrice Density Drivers

Shares Percent Shares Out12.93%
Short Percent Of Float15.92%
Float Shares107.46M
Shares Short Prior Month25.74M
Average Daily Volume Last 10 Day5.43M
Average Daily Volume In Three Month4.61M
Date Short Interest30th of April 2020
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page