Top wearable camera developer GoPro, Inc. (NYSE:GPRO) has been one of the worst performing stocks of 2015. Having already tanked 71% this year, GPRO stock is now trading under its initial public offering (IPO) price.
There is no other way to say it: GoPro, Inc.'s (NASDAQ: GPRO) stock performance has been terrible. Since its peak above $90.00 a share reached last October, the GPRO stock price has plunged by more than 75%!
GoPro stock took its most recent dive on Wednesday, after Piper Jaffray analyst Erinn Murphy cut her price target for GoPro to just $15. She noted that GoPro cameras are starting to show up on discount websites like Groupon (NASDAQ:GRPN). However, it's ...
We all know that GoPro, Inc.'s (NASDAQ:GPRO) products are aimed at consumers with adventure-filled lifestyles. If the recent action in GPRO's stock price is any indication, GoPro's investors are just as risk-driven.
As a fan of GoPro, Inc. (NASDAW:GPRO), it hurts me to see investors dragging GoPro stock through the mud. The conventional wisdom has turned incredibly bearish on GPRO stock, meaning I once again find myself in the contrarian camp.
GoPro had a difficult last quarter, and the market punished the company for it. There was a lot to like -- revenues up 43% year-over-year and 230 basis points of gross margin expansion -- but a few miscues led to a top line miss.