This Small-Cap Stock Looks Ready to Explode
GoPro's (NASDAQ: GPRO) stock price jumped nearly 8% after the company's third-quarter results -- released on Nov. 4 -- turned out to be much better than expectations, indicating that its recovery is firmly on track. The action-camera maker's revenue and earnings crushed Wall Street's estimates, driven by its ongoing transition to a direct-to-customer sales model that's leading to better margins, as well as its focus on creating a predictable revenue stream in the form of the subscription business.
More importantly, the small-cap stock's latest pop seems sustainable as GoPro is pulling the right strings to ensure consistent growth. Let's check out the reasons why buying GoPro shares right now may turn out to be a profitable move in the long run.
Image source: GoPro.
Source Fool.com
