GoPro Stock Is at an All-Time Low. Is It a Buy?
GPROGoPro(GPRO) The Motley Fool·2024-04-16 22:19

GoPro is taking steps to get back on track. GoPro (GPRO 1.99%) stock is trading at an all-time low and is down 60% in the past year. It's been a challenging period for the action-camera maker as it attempts to reach profitable growth. Results for 2023 disappointed investors. Revenue of 1billionwasdown81 billion was down 8% year over year. Management said intense competition forced the company to lower pricing. This directly impacted margins and led to a 32 million adjusted net loss last year. The GoPro subscription busin ...