Down 42% in the Last Year, Is GoPro Stock a Buy?
GoPro (NASDAQ: GPRO) shares have plummeted over the past five years. The company went public at a price of $24 per share in June 2014. Shares hit an all-time high of nearly $90 later that year, but they have grossly underperformed the market since then, trading below $4 per share as of this writing.
Stagnant revenue growth has been a major culprit. After topping $1.6 billion in 2015, sales have unable to breach the $1.2 billion mark since then. And though 2019 represented the first year of top-line growth since 2015, analysts expect revenue to decline slightly this year.
Just two months into 2020, the stock is already down another 18%. Could this be a buying opportunity for more daring investors?
Source Fool.com
