GoPro Probability of Target Price Finishing Over 2.48

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GPRO -- USA Stock  

Report: 6th of August 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. GoPro Price to Book Value is quite stable at the moment as compared to the past year. The company's current Price to Book Value is estimated at about 3.49. Price to Sales Ratio is projected to rise to 0.54 this year, although the value of Price to Earnings Ratio will most likely fall to (44.54) .

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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.
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GoPro Target Price Odds to finish over 2.48

Current PriceHorizonTarget PriceOdds to stay above $ 2.48  in 30 days
 4.97 30 days 2.48 
roughly 97.0
Based on a normal probability distribution, the odds of GoPro to stay above $ 2.48  in 30 days from now is roughly 97.0 (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 $4.97 at the end of the 30-day period is about 85.11 .
Given the investment horizon of 30 days, GoPro Inc has a beta of -0.0376. This usually indicates as returns on benchmark increase, returns on holding GoPro are expected to decrease at a much lower rate. During the bear market, however, GoPro Inc is likely to outperform the market. Moreover The company has an alpha of 1.091, implying that it can generate a 1.09 percent excess return over DOW after adjusting for the inherited market risk (beta).
 GoPro Price Density 
Alpha over DOW
Beta against DOW=-0.04
Overall volatility
Information ratio =0.21

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 0.85.
Roughly 66.0% of the company shares are owned by institutional investors

GoProPrice Density Drivers

Shares Percent Shares Out5.94%
Short Percent Of Float7.32%
Float Shares104.01M
Shares Short Prior Month18.23M
Average Daily Volume Last 10 Day1.94M
Average Daily Volume In Three Month3.45M
Date Short Interest15th of June 2020
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