|Bid||4.88 x 47300|
|Ask||4.92 x 4000|
|Day's range||4.8350 - 4.9900|
|52-week range||4.0000 - 7.6000|
|Beta (3Y monthly)||0.77|
|PE ratio (TTM)||N/A|
|Earnings date||6 Feb 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||6.67|
It's not often a camera gets a resolution upgrade purely through software, but GoPro appears to have managed just that. The company has released beta firmware that lets its Fusion VR camera capture 5.6K spherical video at 24 frames per second. GoPro manages the feat by capturing footage at 5.8K and stitching it together to produce the finished video.
GoPro's Nick Woodman is happy that there's nothing to report. After an eventful few years, 2018 was pretty much back to business as usual. That doesn't mean it was an uneventful 12 months though.
GoPro's (GPRO) flagship camera HERO7 Black's standout feature - HyperSmooth - sets a new bar with in-camera, gimbal-like video stabilization.
GoPro (GPRO) intends to accelerate the growing sales momentum with future product launches at a relatively cheaper price.
There seems to be no respite in the ongoing trade war between the United States and China, prompting many American companies that have been manufacturing their products in China to move out of the second-biggest economy in the world. The latest company to do so is camera company GoPro (GPRO). The company recently announced that it would move most of its production of cameras headed for the United States out of China by next summer.
CEOs at some major companies are using the U.S. trade war with China to rethink where their products are made.
China and the United States have been slapping each other with massive tariffs, and more may come if the trade war continues to escalate, prompting some companies to move manufacturing out of China. One of the latest is GoPro, which announced it will move production of most U.S.-bound cameras out of China by summer 2019. Cameras bound for other countries will continue to be produced in China.
GoPro (GPRO) has had a rough year so far. Its stock has fallen 40% in 2018. Last month, GoPro stock fell steeply by 24% on the day of its third-quarter earnings. Investors weren’t happy with the company’s below-par outlook for the fourth quarter. But lately, the company has had some good news to share, which could support the stock.
China and the US may have declared a tariff truce (however tentative), but GoPro isn't taking any chances. It's moving "most" of its US-bound action camera production out of China by summer 2019 to reduce the effect of any potential tariff increases. The decision will help diversify manufacturing "regardless of tariff implications," the company said, and shouldn't cost much when it already owns its manufacturing equipment and just needs to switch facilities.
SAN MATEO, Calif. (AP) — Action-camera maker GoPro says it will move production of U.S.-bound cameras out of China by the summer over tariff-related concerns.