GoPro Probability of Target Price Finishing Over 2.5

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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.

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GoPro Target Price Odds to finish over 2.5

Current PriceHorizonTarget PriceOdds to stay above $ 2.50  in 30 days
 4.72 30 days 2.50 
about 84.71
Based on normal probability distribution, the odds of GoPro to stay above $ 2.50  in 30 days from now is about 84.71 (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 $ 2.50  and its current price of $4.72 at the end of the 30-day period is about 82.88 .
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 
      Price 
α
Alpha over DOW
=0.63
β
Beta against DOW=1.41
σ
Overall volatility
=0.71
Ir
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
Latest headline from www.nasdaq.com: Analysts Estimate GameStop to Report a Decline in Earnings What to Look Out for - Nasdaq

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
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