Today’s Research Reports on Stocks to Watch: Fitbit and GoPro

NEW YORK, NY / ACCESSWIRE / March 28, 2017 / GoPro’s share price has plummeted amid fears of a failing business strategy. Despite everything looking grey, the company holds a significant portion of the market share, with Garmin and Eastman Kodak coming closest. Fitbit is going global with its wristband apparel, Alta HR Fitness wristband. Their stock price is facing north and moving in the same direction. Marred by a disappointing sale of its first rollout of hardware since the company went public, Fitbit is yet to see its glory days. Here’s how the two stocks performed today.

RDI Initiates
Coverage:

Fitbit Inc. https://ub.rdinvesting.com/news/?ticker=FIT

GoPro Inc. https://ub.rdinvesting.com/news/?ticker=GPRO

Fitbit’s shares closed the day on a high, registering a 5.37% growth in the stock price. The stocks opened at 5.33, with the price ranging from 5.31 to 5.74 percentile. With the volume of trade almost hitting the $10 million mark, and a negative EPS, there is still reason to predict an upward trend as the week is just but beginning. The tech company’s recent global penetration and expansion ambition saw the shares plummet from the 52 week high of 18.85, but there is no reason for concern as the sales volume are going up day by day.

Access RDI’s Fitbit Research Report at: https://ub.rdinvesting.com/news/?ticker=FIT

GoPro has enjoyed an impressive run since last week. Going by the current trend, everything looks green. The company started the day’s trade at $8.30, with a day’s range of -0.08 low and +0.33 to finally close at 8.43, a 1.57% increase. The action camera tech company has a stronger image and a more identifiable brand than its closest competitors. The company however expects competition from better funded companies like Samsung in its virtual reality and 360 degrees camera line of products.

Investors are highly anticipating a better response from GoPro, with the competition being well funded and with an almost similar line of product. The “best in the business” notion the company is currently riding on might not hold water for too long though.

Access RDI’s GoPro Research Report at: https://ub.rdinvesting.com/news/?ticker=GPRO

Our Actionable Research on Fitbit Inc. (NYSE: FIT) and GoPro Inc. (NASDAQ: GPRO) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Hemal K. Gandhi, a CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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