GoPro (GPRO) Breaks $40 Level Support

GoPro, Inc. (GPRO) remains under heavy pressure Monday as the name hit 7 month low after breaking support near the $40 level. The stock began trading this morning at $40 to currently trade down 4.56% from the prior days close of $40.13. On an intraday basis it has gotten as low as $37.80 and as high as $40.35.

GPRO shares are currently priced at 41.66x this year’s forecasted earnings, which makes them expensive compared to the industry’s 7.10x earnings multiple. The P/E ratio suggests that even after a double digit price decline, a new investor is paying a lot for great revenue growth but paltry earnings. GoPro shares are down nearly 61% since the October 7, 2014 peak of $98.47.

On earning estimates, the company’s current year and next year EPS growth forecasts stand at 5.30% and 20.90% compared to the industry growth rates of 55.70% and 28.60%, respectively. GPRO has a t-12 price/sales ratio of 3.72. EPS for the same period registers at $0.92.

GoPpro shares have declined 22.63% in the last 4 weeks and 45.51% in the past three months. Over the past 5 trading sessions the stock has lost 4.41%. Shares of GoPro, Inc., currently valued at $4.95 billion, are down 36.52% this year.

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