GoPro Probability of Target Price Finishing Over 2.5

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

Search Price Probability

 
Refresh
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 2.5

Current PriceHorizonTarget PriceOdds to stay above $ 2.50  in 30 days
 4.90 30 days 2.50 
roughly 97.0
Based on a normal probability distribution, the odds of GoPro to stay above $ 2.50  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 $ 2.50  and its current price of $4.9 at the end of the 30-day period is about 83.18 .
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 
      Price 
α
Alpha over DOW
=1.09
β
Beta against DOW=-0.04
σ
Overall volatility
=0.82
Ir
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
Latest headline from marketingsentinel.com: After A 12.44 percent Rise This Year Is GoPro, Inc. A Better Buy Than Others - Marketing Sentinel

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
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