GoPro Stock Plummets 65% in the Past Year: What Should Investors Do?

GoPro, Inc. (GPRO) stock has tumbled 65% in the past year against the S&P 500 composite and the sub-industry’s growth of 24.4% and 12.9%, respectively. The decline can be attributed to sluggish sales in both its retail stores and GoPro.com online channel. Loss estimates for 2024 have widened to $2.44 per share from a loss of $1.05 over the past 60 days.One-Year Stock PerformanceImage Source: Zacks Investment ResearchCut-Throat Competition, Macro Woes Hurt GPRO’s ProspectsSan Mateo, CA-based GoPro manufactur ...