Shares of action camera maker GoPro (NASDAQ: GPRO)soared 5.37% to $9.81 at the previous close. GoPro, Inc. designs and manufactures gadgets like drones, cameras, and mountable and wearable accessories.
Taking the past into consideration, we will evaluate various forward-moving or backward-moving developments regarding action camera maker GoPro (NASDAQ: GPRO). During the past five business days, shares increased 23.09%, and for the past thirty days, shares rose 19.20%. Over the last six months, the stock’s output increased 145.25% percent, while overall annual production increased 196.37 percent.
Do we need to keep our optimism alive?
Though GoPro lost 75% of its value since 2015, there are still plenty of growth opportunities for the company. GoPro has worked tirelessly to augment its business a la GameStop in the months before its January short-squeeze. Since the beginning of the calendar year, the company has delivered a positive performance of 18.48%.
The most recent news came out of GoPro (GPRO)
On February 23, 2021, GoPro, Inc. (NASDAQ: GPRO) revealed that the company would participate in these two investor conferences:
- At 2:30 pm Eastern time (11:30 am Pacific time) on March 1, 2021, JMP Securities Technology Conference.
- Morgan Stanley’s Technology, Media and Telecom Conference (Virtual), scheduled for Tuesday, March 2, 2021, at 5:00 pm Eastern (2:00 pm Pacific).
GoPro, Inc. (NASDAQ: GPRO) released its financial results for the full year and fourth quarter of 2020 on February 4, 2021.
- The fourth quarter of 2020 was $358 million, up 28% sequentially from $281 million during the third quarter.
- The GoPro subscriber base was 761,000 at the end of 2020, an increase of 52% sequentially and 145% year-over-year.
Let’s hope they continue this for a few more quarters, and we’ll be able to discuss this as a comeback. However, what may be happening doesn’t justify such a claim.
So, this could be the trick?
Despite virtually no company-related news, GoPro shares surged dramatically recently.
Short sellers have already rallied massively this week, with GameStop up more than 100%. This means that volatility risks are still genuine. One must not forget that most retail investors sucked into the January squeeze ended up losing big and playing the house with their hard-earned money. In the next year, investors will have to decide if they want to invest even larger in technology stocks, as pricier valuations, regulatory risks, and the revival of short-term market names threaten to reduce their appeal.