Anyone who's been following GoPro Inc. (NASDAQ: GPRO) for a while will know that the company has fallen on some hard time as of late. The company's share price is down nearly 8% over the past 12 months and has fallen a staggering 87% over the past three years. That drop has meant that GoPro's shares are now trading at 18 times the company's forward earnings, which is far below the tech sector's industry average.
That massive share price drop and the relatively low forward price-to-earnings ratio means GoPro is a bargain right now, right? Not so fast. I think the company still has a lot more to prove before I'd recommend it.
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Source: Fool.com