Monday, July 20, 2020 2:25:54 PM
Rick Munarriz
(TMFBreakerRick)
Jul 19, 2020 at 8:00AM
https://www.fool.com/investing/2020/03/19/3-tech-stocks-to-avoid-in-2020.aspx
1. GoPro: Sluggish top-line growth
Shares of action camera manufacturer GoPro Inc. (NASDAQ:GPRO) have burned considerable investor wealth in recent years. The company went public in June 2014 at a price of $24 per share. The stock then zoomed to $90 in October 2014 before wiping off billions of dollars to currently trade at around $2.60 per share.
This means GoPro stock is trading 89% below its IPO price and 97% below its all-time high. The company has been hurt by slowing sales, failed product launches, and mounting losses, which have driven the stock to an all-time low.
GoPro's sales fell from $1.18 billion in 2017 to $1.14 billion in 2018. Sales then rose marginally to $1.19 billion in 2019 and are expected by analysts to fall to $1.17 billion in 2020. However, with the COVID-19 pandemic weighing heavily on consumer demand, these figures may be revised lower in the upcoming quarterly call.
GoPro has built a strong brand and manufactures high-quality products. NPD Group estimates the company has a 93% dollar share in the action camera category in the United States. However, the company's products do not warrant repeat purchases and are viewed as premium products in emerging markets.
GoPro has introduced several cameras across various price points, but this strategy has not translated to top-line growth. The ever-improving specifications of the typical smartphone have made action cameras irrelevant to the average buyer.
GoPro stock is valued at just over $400 million, down from its all-time high market cap of $14 billion. The stock's forward-price-to-sales ratio of 0.45 might look tempting for contrarian investors, but the company's sluggish top-line growth might be a huge negative to any recovery in its stock price.
"Then there was a woman, a lion of a woman."
Recent GPRO News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:41:23 PM
- GoPro Announces Two New Cameras: The $399 HERO13 Black and the $199 HERO • PR Newswire (US) • 09/04/2024 01:00:00 PM
- Berkshire Reduces Stake in BofA, Hawaiian Airlines Soars 10%, Paramount Receives $4.3B Offer, and More • IH Market News • 08/20/2024 09:56:02 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/19/2024 09:19:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:05:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:05:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:04:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:03:48 PM
- GoPro to Present at Oppenheimer 27th Annual Technology, Internet & Communications Conference • PR Newswire (US) • 08/08/2024 10:30:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 09:05:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 08:09:09 PM
- GoPro Announces Second Quarter Results • PR Newswire (US) • 08/06/2024 08:05:00 PM
- GoPro Brings You into the Eye of the Storm for Universal Pictures, Warner Bros. Pictures and Amblin Entertainment's TWISTERS • PR Newswire (US) • 07/17/2024 01:00:00 PM
- GoPro Announces Second Quarter 2024 Earnings Webcast • PR Newswire (US) • 07/16/2024 08:05:00 PM
- GoPro Partners with SoftBank Group's SB C&S Corporation for Additional Distribution in Japan • PR Newswire (US) • 07/09/2024 01:15:00 PM
- GoPro Recognized in 2024-2025 'Best Companies to Work For' Rankings by U.S. News & World Report • PR Newswire (US) • 06/26/2024 01:00:00 PM
- GoPro Celebrates Surpassing 50 Million Cameras Sold • PR Newswire (US) • 06/12/2024 01:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:02:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 08:02:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 08:01:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 08:00:45 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/29/2024 08:35:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 08:06:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 08:05:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 08:03:55 PM
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