Trending Stock Discussion: GOPRO
Ok so Ive been watching gopro since it became an IPO. I do a lot of mountain biking so I was already familiar with the company and its trendy appeal among almost everyone. Gopro went public at like 32USD last summer and I did not buy in due to the late of cash I had at the time (mind you im 17 and broke AF). Last month it hit 98 because of the launch of the hero 4. A week ago in dropped like 20%, I bought in at 76 after calculating that it was undervalued. (shares outstanding x price per share compared to posted net value). Anyway enough with the rambling, heres the my question:
Has Gopro finally settled down from its volatility and finally correlates with actual market or will shares continue to rise above the companies actual worth?
GoPro is trading at about 8-10x revenue, so it will still be an extremely volatile stock. The company's valuation is based on growth, so any change in assumptions for long-term growth will impact the stock greatly (e.g. NFLX this week), especially due to the small amount of free float. Further, look out for the end of the lock up period.
Aaaaaaannnnnd its skimming the 60s right now haha. I starting to feel like it wasn't the greatest pick, however the company has a desirable product and they are still uncovering new technology.
Aaaaaaannnnnd its skimming the 60s right now haha. I starting to feel like it wasn't the greatest pick, however the company has a desirable product and they are still uncovering new technology.
Overlay TWTR from IPO on GPRO from IPO and charts aee practically identical.
Huh. Interesting.
opinions on tsla?
Reprehenderit vero voluptas blanditiis ab. Velit numquam voluptate rerum. Ducimus qui tenetur totam occaecati natus accusantium rerum deleniti. Reprehenderit est mollitia ea esse nam itaque perspiciatis. Ea ullam facere repellendus impedit officia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...