The USD 32.4 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.
EV/Sales is low with a ratio at 2.11x for this year.
Technically, the security is in a negative configuration in the short term as the bearish trend of 20-day moving average, currently at USD 40, shows. Nevertheless, the stock seems in an oversold situation, near to its USD 32.4 support in daily data. This level might stop the bearish trend in the short term.
Considering technical and fundamental elements, it seems to be an appropriate timing to immediately open a long position in GoPro in order to benefit from the USD 32.4 support area. A first target price will be the USD 40 pivot point, ie a potential of around 10%. A stop loss order will be placed under the mid-term support currently tested. Only a crossing of USD 40 (corresponding to the 20-day moving average) would validate a bullish trend in order to aim a higher target price.
GoPro, Inc. produces cameras, and mountable and wearable accessories. The Company offers a family of flagship cameras, including its cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, HERO9 Black, and MAX cameras. HERO12 Black is a waterproof camera, featuring a GP2 processor and HyperSmooth 6.0 image stabilization. MAX is a 360-degree waterproof camera featuring MAX HyperSmooth image stabilization, 360-degree MAX TimeWarp Video, MAX SuperView, PowerPano, audio, live streaming, voice control and a front facing touch display. Its subscription service offers full access to the video and photo editing features in the new Quik desktop app and Quik mobile app. It offers mobile, desktop and Web applications that provide a media workflow for archiving, editing, multi-clip story creation, and sharing content on the fly. It also offers a lifestyle gear lineup that melds its signature design and versatility across a line of bags, backpacks and cases.
GOPRO, INC. 
