Posted 11/4/2023, 2:58:34 PM
GoPro Struggles to Grow Revenue and Profitability Despite Recent Share Price Rally
- GoPro share price up 16% in the last week, but down 63% over the last 3 years
- GoPro did not make a profit in the last 12 months, so focusing on revenue growth
- Revenue grew at 4.7% per year over the last 3 years, which is slow considering no profits
- Share price weakness and slow growth could indicate challenges for GoPro
- Investors have seen total losses of 42% over the past year, underperforming the market