|Bid||4.2700 x 27000|
|Ask||4.2900 x 34100|
|Day's Range||4.2200 - 4.3600|
|52 Week Range||3.2500 - 7.6450|
|Beta (5Y Monthly)||0.86|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 04, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.45|
Peloton's stock tumbled after Citron Research issued a 2020 price target of $5. Yahoo Finance’s Zack Guzman and Heidi Chung discuss with Payne Capital Management President Ryan Payne on YFi PM.
GoPro’s stock jumped after the company announced strong sales on Black Friday and Cyber Monday. The GoPro total camera unit sales grew 120% year-over-year during the holiday sales period, with the Hero8 representing 90% of total sales. Yahoo Finance’s Dan Roberts, Heidi Chung and Kristin Myers discuss on YFi AM.
GoPro, Inc. (NASDAQ: GPRO) today announced that it will release its financial results for the fourth quarter and full year ended December 31, 2019, after the market closes on February 5, 2020.
Hey CES veterans, remember in 2018 when the convention center power went out? GoPro, Inc. (NASDAQ: GPRO) is coming prepared this year with its new Light Mod—the world's most versatile light that will keep its booth shining, no matter what happens. Along with Light Mod, GoPro will be giving exclusive first looks at the full HERO8 Black modular accessory line, including Media Mod, available for pre-order tomorrow, Jan. 7, and Display Mod, available in March.
Action camera maker GoPro's (NASDAQ:GPRO) glory days are long past. At its current $4.40, GoPro stock has lost more than 95% of its value compared to the heady days of 2014 when it seemed like everyone wanted to strap a GoPro camera onto their bike, drone, helmet or surfboard. Even 2019 has been roller coaster ride for investors.Source: Larry George II / Shutterstock.com GPRO stock started out the year on a rally, climbing to $7.55 in May before a series of spikes and dips, including a steep drop of 33% in the first week of October when the company slashed revenue and earnings forecasts. In December, GoPro stock has put together a bit of a rally, gaining nearly 14% since the start of the month. But will this one last, or is it just the prequel to the next big drop? HERO8 Black Delayed, GPRO Investors DeniedThe most recent big GPRO stock move took place in the first week of October and it was a brutal one for investors. Once again, the company ran into production delays of a key product just in time for the critical holiday sales season. This time it was the new GoPro HERO8 Black camera that was delayed. As a result, the company revised full-year revenue guidance for 2019. Instead of the expected growth of 9%-12%, GPRO is now predicting full-year revenue growth in the 6%-9% range.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 'Strong Buy' Stocks to Put on Your Wish List The market was not impressed by the news and punished GoPro stock, losing a third of its value in a matter of days. After a brief rally followed by another dip, GPRO stock is now up 29% from its October low point, and 2.8% for 2019. Big Name RivalsProduction delays are a result of fierce competition forcing GoPro to push the envelope with its new action cameras. The company faces some very tough competitors, with name-brand recognition, global distribution, advanced technology and big marketing budgets. Companies like Sony (NYSE:SNE) and Garmin (NASDAQ:GRMN). One of the reasons behind the collapse of GPRO stock in May -- when it lost 16.5% in two weeks -- was the news that Chinese drone maker DJI was entering the action camera market. DJI's Osmo is a premium camera with performance comparable to GoPro's best (plus new features), but priced $50 less. Bottom Line for GPRO StockAt this point, GRPO stock is underpinned by a one trick pony. Yes, the company has expanded its offerings to include more accessories, a 360-degree camera, apps and even a monthly subscription service. Ultimately, though, everything the GoPro does rolls up to action cameras. An attempt to diversify into drones in 2016 crashed and burned spectacularly. * 5 Large-Cap Dividend Stocks to Buy Smartphones may have effectively killed the point-and-shoot camera, but the global market for action cameras remains remarkably resilient. Social media demands a constant stream of cool video and even though smartphones are increasingly water resistant, they are also increasingly expensive. Consumers don't want to risk it. Once expected to be the next victim the smartphone, a recent report pegged the global action camera market to more than double from 2017's $4.24 billion in sales to $9.38 billion in 2023.The problem is that GoPro no longer has the lock on the market that it once did. In 2014 when GPRO stock hit near $87, the company had a 42% share of global action camera sales. Its HERO cameras were clearly superior to the competition, allowing it to price accordingly and enjoy fat profit margins. Today the company faces high-profile, big-name competition in that battle for consumer dollars. That means sliding market share, a relentless need to innovate and pricing pressure.In other words, despite predictions of growth for the action camera market, the future looks like more of the same for GoPro stock. Flat growth, punctuated by spikes and dips corresponding to events like holiday sales and panic over production challenges and new competitors. Not a pretty picture.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post With Heady Days Behind It, Can a GoPro Stock Rally Last Into 2020? appeared first on InvestorPlace.
Light up your holidays—and your creativity—with the now-shipping GoPro Light Mod, a standalone light that is waterproof, rechargeable and compatible with all GoPro mounts. The compact and powerful LED light will illuminate your scene or subject with wide, even brightness for crisp detail, sharp colors and footage that "sleighs." Or use Light Mod as an ultra-convenient mountable, wearable light using the wide array of existing GoPro camera mounts which are all compatible with Light Mod. Use it as a headlamp with the Head Strap, as a floating light with The Handler or a belt-light on the new Magnetic Swivel Clip ... our elves have thought of it all. Existing GoPro owners already own many of these accessories, and new users will find whatever they need at an affordable price, making Light Mod truly the world's most versatile light.
Long term investing is the way to go, but that doesn't mean you should hold every stock forever. We really hate to see...
Peloton (NASDAQ:PTON) bulls are sweating the weight of bearish headlines this week. But does today's pullback present a healthier entry into PTON stock or should investors be running scared? Let's take a look at what's happening both off and on the price chart to reach a stronger risk-adjusted determination.Source: Sundry Photography / Shutterstock.com If you're wondering what's going to be under the Christmas tree this year, it could be a Peloton fitness bike if we're to believe the company's holiday ad campaign. But don't buy everything the ad is selling or you may find yourself sleeping on the couch.In a nutshell, PTON stock's television spot has received a good deal of criticism tied to its sexism and antiquated spousal relationships. The ad has even enjoyed a subtle poke in the eye from Ryan Reynolds' Aviator Gin. The upstart beverage company spoofed the commercial with its own video using the same lead actress, while spending time with friends away from her bike and husband.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPeloton's ad campaign helped promote a bit of backlash on the part of investors. But, given how poorly bad press like this has impacted other companies longer term, PTON stock bulls are probably done sweating that issue. But that's not PTON stock's only problem. * The 10 Worst Dividend Stocks of the Decade Already a name sporting its share of skeptics such as InvestorPlace's Dana Blankenhorn, PTON stock has come under pressure this week following well-followed short-selling outfit Citron Research's bearish call on the exercise equipment manufacturer. The firm issued a sell recommendation and price target of $5.00 on shares during Tuesday's session.Citron likens PTON to other familiar and once-prized discretionary consumer outfits Fitbit (NYSE:FIT) and GoPro (NASDAQ:GPRO). Both names of course went from red hot-to-not as overzealous expectations got trampled by fundamentally flawed realities. Backing the short-seller's outlook are doubts over Peloton's digital strategy, which it sees as unsound and uninspired hardware differentiation to fend off competition.The firm's front-man Andrew Left does make a nice case for sounding the alarm bell on PTON. But after two sessions of reactionary selling, I'd suggest using the price chart to set future mindful warnings. Moreover, I'd recommend investors be prepared to ride PTON stock higher first. PTON Stock Daily Price Chart Source: Charts by TradingViewThere's no guarantees Peloton shares will go on to be the next Amazon (NASDAQ:AMZN) or Netflix (NASDAQ:NFLX). In fact, I'd strongly warn against that kind of optimism. But it would be wrong to ignore a technically strong PTON stock, which has been making all the right moves for bulls.A first-stage cup breakout last month went on to provide gains of as much as 25% in just over three weeks. And despite this week's losses, shares of Peloton remain in constructive shape. Currently, PTON stock is finding support above former pattern resistance in a bullish hammer pattern. PTON Stock StrategyI'd recommend buying PTON stock above $33.50. This entry provides evidence a bottoming candle within the trend that is in place. It also waits for a small bit of price momentum as shares will need to reclaim this week's opening price before making a purchase.I'd set an initial price target of $40 on Peloton shares. The momentum crowd could easily make a new leg to fresh highs in shares, so there's no reason to be too overly defensive just yet. Aside from a nice round number, $40 is also where Fibonacci resistance comes into play within a mirror move pattern. If this plays out leg "AB" will eventually be matched by an identical price move from leg "CD." * 7 Earnings Reports to Watch Next Week If PTON stock can really get ahead of itself like GPRO stock did, a move through the 100% completion level or even $50 a share is when PTON might become a more interesting short candidate.In the event new highs aren't reached, I would advise bullish investors to act on Citron's warning. Given this strategy's entry requirements, I'd set a stop-loss beneath $31. Bottom-line, this exit minimizes exposure on signs of technical weakness within PTON's volatile framework. It also smartly avoids unnecessary, but possibly real panic sweating down the road.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade * 7 Tech Stocks to Stuff Your Stocking With * 7 Sinfully Good Casino Stocks That Could Win the Jackpot in 2020 The post This Is Why Peloton Stock Remains a Buy appeared first on InvestorPlace.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
“We promise that we will look back in 3 years and remember Peloton as a $10 billion company and our only regret will be that we were not short more,” Left added.
Peloton has an $8.8 billion enterprise value and just 600,000 subscribers. Left said the stock’s $15,631 in EV per subscriber is astronomically high compared to peers such as Planet Fitness Inc (NYSE: PLNT) ($553) and Fitbit Inc (NYSE: FIT) ($47). Left admitted to owning a Peloton bike and said his bearish take on the stock has nothing to do with the quality of the product or the company and is simply a reflection of his take on the stock’s valuation.
Target is the Yahoo Finance Company of the Year for 2019. We talk with Target's executive team and experts on how the retailer made it happen in 2019 and what's in store for 2020.
Benzinga Pro's Stocks To Watch For Wednesday Salesforce.com (CRM) - Released Q3 EPS and sales results, which beat analyst estimates. The company issued Q4 EPS guidance of $0.54-$0.55, which is below the ...
Shares of GoPro Inc. increased more than 4% in after-hours trading Tuesday after the company said that its new camera enjoyed record sales in the kickoff to the holiday-shopping season. "We planned for a big Black Friday and Cyber Monday, and according to the sell-through data from our large U.S. and European retail partners as well as our results on GoPro.com, we crushed it," Chief Executive Nick Woodman said in a news release, adding that the performance "positions us well" to report a profit this year and increase earnings and revenue in 2020. GoPro reported that the new Hero8 Black camera "sold at record levels," representing 90% of sales on GoPro's website, which saw camera unit orders increase 120% from the same period last year. Sell-through increased 30% in the U.S. and 20% in Europe, GoPro said, citing data from retail partners. GoPro stock suffered after the company admitted that it was struggling with production delays on the Hero8 Black, a problem that has hurt GoPro's holiday performance in the past, but bounced back after stronger-than-expected third-quarter results. Shares closed Tuesday with a 0.8% gain at $3.86, then topped $4 in the extended session after the news was announced. The stock is down 9% so far this year, as the S&P 500 index has gained 23.4%.
GoPro, Inc. (NASDAQ: GPRO) today announced a strong Black Friday and Cyber Monday shopping period. The Company reported year-over-year sell-through growth of 30% based on available data from its larger U.S. retail partners and 20% based on available data from its European retail partners during the Black Friday week. In addition, GoPro.com achieved more than 120% year-over-year growth in total camera unit sales during the entire Black Friday / Cyber Monday period, where HERO8 Black sold at record levels, comprising more than 90% of total sales.
Miller Value Partners recently released its 2019 Q3 investor letter – you can download a copy here. We just published another article about Bill Miller's comments earlier today. The investment management firm did not have a good third quarter, experiencing a 1.81% decline, while the S&P 500 rose 1.70%. One of the top contributors for the fund over the […]
Qualcomm, GoPro, NVIDIA, Microsoft and Micro Devices highlighted as Zacks Bull and Bear of the Day
GoPro's third-quarter report was mostly in-line with management's pre-announcement, but its updated full-year guidance implies a "high bar" is set for the fourth quarter, Woodring said in a Friday note. The math behind the 2019 guidance implies that 46% of total revenue will come in the holiday season quarter, which is the highest fourth-quarter mix in company history, the analyst said. First, the holiday season is six days shorter year-over-year, and forecasting consumer demand is never an easy task.