## Should You Invest in GoPro Stock?
GoPro, Inc. (NASDAQ: GPRO) is a publicly traded company that designs, develops, manufactures, and markets action cameras, accessories, and software. The company was founded in 2002 and is headquartered in San Mateo, California. GoPro’s products are used by consumers, professional athletes, and filmmakers to capture immersive and engaging content.
### Company Overview
GoPro’s mission is to “empower people to capture and share their experiences.” The company’s products are designed to be durable, waterproof, and easy to use. GoPro’s cameras are used in a wide variety of settings, including extreme sports, travel, and everyday life.
GoPro has a strong brand presence and is a leader in the action camera market. The company’s products are sold in over 100 countries and are used by millions of people around the world. GoPro’s revenue has grown steadily in recent years, and the company is profitable.
### Financial Performance
GoPro’s financial performance has been mixed in recent years. The company’s revenue has grown steadily, but its profits have fluctuated. In 2019, GoPro reported revenue of $1.3 billion and net income of $110 million. In 2020, the company’s revenue declined to $907 million and its net income fell to $44 million.
GoPro’s financial performance has been impacted by a number of factors, including the COVID-19 pandemic, competition from other camera companies, and changes in consumer behavior. The company has taken steps to address these challenges, including reducing costs and expanding its product line.
### Investment Considerations
GoPro is a high-growth company with a strong brand presence. However, the company’s financial performance has been mixed in recent years. Investors should consider the following factors before investing in GoPro stock:
* **Strong brand and market leadership:** GoPro is a leader in the action camera market and has a strong brand presence. This gives the company a competitive advantage and helps it to drive sales.
* **Declining revenue and profits:** GoPro’s revenue and profits have declined in recent years, which is a concern for investors. The company has taken steps to address these challenges, but it is unclear whether these measures will be successful.
* **Competition:** GoPro faces competition from other camera companies, such as Sony and Garmin. This competition could pressure GoPro’s margins and make it difficult for the company to grow.
* **Changes in consumer behavior:** Consumers are increasingly using their smartphones to capture video and photos, which could reduce demand for GoPro’s cameras. The company needs to adapt to these changes in consumer behavior in order to remain competitive.
### Conclusion
GoPro is a high-growth company with a strong brand presence, but the company’s financial performance has been mixed in recent years. Investors should carefully consider the factors discussed above before investing in GoPro stock.
### Additional Resources
* [GoPro website](https://gopro.com/)
* [GoPro financial statements](https://investor.gopro.com/financial-information/financial-statements)
* [GoPro newsroom](https://gopro.com/newsroom/)
### Frequently Asked Questions
**Q: Is GoPro a good investment?**
A: GoPro is a high-growth company with a strong brand presence, but the company’s financial performance has been mixed in recent years. Investors should carefully consider the factors discussed above before investing in GoPro stock.
**Q: What is GoPro’s stock price?**
A: GoPro’s stock price is currently trading at around $9.00 per share.
**Q: What is GoPro’s market capitalization?**
A: GoPro’s market capitalization is currently around $700 million.