$GPRO Running hard as earnings approach.Entry level $4.50 = Target price $5.00 Stop loss $4.30
SHORT INTEREST HIGH @23.37%
Very risky stock to trade, in a very well defined downtrend for years, this setup is just following the channel.
Seeking alpha article.
Global Action Camera Market is expected to grow from USD 4,237.9 million in 2017 to USD 9,382.5 million by 2023, at a CAGR of 14.2% during the forecast period (2018–2023). - Market Research Future
The action camera market will continue to be driven by an increase in the volume of global tourists. This includes mountain skiers, cyclists, surfers, and adventurous travelers who want to capture the best moments of their action-packed tours with a camera adapted for the dangerous terrains of their location.
On the other side, the rapid level of innovation and adoption of high-end smartphones with professional lenses and other features found in action cameras suggests that the average camera enthusiast is more than content with the camera that comes with his/her phone.
Company profile
GoPro, Inc. engages in manufacturing and selling camera and camera accessories. The company provides mountable and wearable cameras and accessories, which refers as capture devices. Its product brands include Hero7, Fusion, GoPro Plus, Quik, GoPro App and Karma Grip. It also offers an ecosystem of mountable and wearable accessories. The company was founded by Nicholas Woodman in 2002 and is headquartered in San Mateo, CA.
