The stock of video-camera maker GoPro (GPRO) is having a strong day, gaining over 3% to $40.63 on news that The GoPro Channel app has been downloaded over one million times on the Xbox video game and entertainment system from Microsoft (MSFT).
“We’re amazed at the incredible response the GoPro Channel is getting within the Xbox community,” stated Zander Lurie, GoPro’s SVP of Media.
In addition to Xbox One and Xbox 360 entertainment systems, the company said The GoPro Channel is coming soon to Roku and is currently available on LG Smart TVs, in-flight on Virgin America, and social channels including YouTube (GOOG), Facebook (FB), Twitter (TWTR), Instagram, Vimeo, Pinterest and GoPro.com/Channels.
On trading measures, GoPro, Inc., currently valued at $5.22 billion, has a median Wall Street price target of $61.00 with a high target of $105.00. Approximately 4.10 million shares have already changed hands, compared to the stock’s average daily volume of 7.37M.
In the past 52 weeks, shares of San Mateo, California-based company have traded between a low of $28.65 and a high of $98.47 with the 50-day MA and 200-day MA located at $45.20 and $63.55 levels, respectively. Additionally, shares of GPRO trade at a P/E ratio of 1.08 and have a Relative Strength Index (RSI) and MACD indicator of 46.02 and -0.32, respectively.
GPRO currently prints a year-to-date loss of around 36%.