GoPro, Inc. (NASDAQ: GPRO) is an American technology company specializing in connected sports, developing a range of action cameras and video editing software. GRPO manufactures action cameras, accessories, lifestyle gear and develops its own mobile apps and video editing software. At last check, equity increased 5.5% to $5.56.
GoPro’s stock price is down about 48% year over year and GPRO is currently trading down 54% since hitting a 52-week high of $12.14 last November. GPRO shares are also down 48% year-to-date and their price has fallen 17% in the past month. Additionally, GoPro stock is currently trading just 4% higher than its 52-week low of $5.35 hit in late June.
As a result, GoPro stock has reached an intriguing price from a value investor’s perspective. With the markets in what appears to be a steady decline, GPRO’s forward price-to-earnings ratio has been reduced to 5.56. GoPro shares now also trade at a price-to-sales ratio of 0.82.
Additionally, according to FY2022 estimates, the technology business ends the year with revenue growth of 7% and earnings growth of 1.1%. GPRO is also expected to post revenue growth of 5.5% and profit growth of 26.4% for fiscal 2023. In addition, GoPro maintains a healthy balance sheet with $449.94 million in cash and $315.33 millions of dollars in debt, making GPRO a relatively safe and undervalued small-cap stock.
Although the sports tech company has struggled to stay profitable and produce consistent revenue growth in the past, it appears to be finding stability in a time when strong fundamentals and low valuations are key. This could potentially mean big gains for GoPro shares in the years to come.
Meanwhile, short term options traders have rarely been more call oriented. This is in line with Schaeffer’s put/call open interest ratio (SOIR) of 0.28, which ranks in the lowest percentile of the annual readings.
7 ESG actions that pave the way for a better world
It is becoming increasingly popular for investors to “vote their stocks”. One way to do this is to invest in companies that are making a demonstrable effort to improve the world. This creates a class of shares called ESG shares.
ESG stands for Environment, Social and Governance and covers a wide range of issues. The environmental component is relatively straightforward. This analyzes and measures how companies address issues such as carbon emissions, deforestation and green energy initiatives, including sustainability efforts integrated into their supply chain.
The social component covers issues such as an organisation’s commitment to issues such as the gender pay gap and diversity, but also areas such as data security, sexual harassment policies and fair labor practices. The governance component touches on areas such as diversity on the company’s board of directors and executive compensation.
The objective of this presentation is to introduce you to seven companies that give more than lip service to ESG initiatives. One of the criteria used to select stocks in this presentation was the company’s net impact ratio. This is calculated from data produced by the Upright Project Net Impact Model.
The net impact model is a mathematical model of the economy that produces continuously updated estimates of the net impact of businesses using an information integration algorithm. market beat captures key information and presents it under the “Sustainability” tab on the company profile page.
Check out the “7 ESG actions that pave the way for a better world”.