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(NASDAQ:GPRO) GoPro Stock News and its Extreme Business Model (Video)

Wall Street. (NASDAQ:GPRO) Gopro has been the darling of Wall-Street investors this week. But shares of GoPro Inc closed at $31.33, up more than 30% from their IPO price of $24. Thursday was the first day of trading for the maker of HD high-action cameras. Now, GoPro’s stock ticker symbol is hotter than its wearable action cameras. After its IPO at $24 a share the stock shot up to $31.34. With about 123.1 million shares outstanding, this gives the company a valuation of $3.86 billion. GoPro CEO Nicholas Woodman has successfully pulled off alchemy by selling a gadget company stock as a media company to the investors. The alchemy is now worth about $3 billion out of the $3.86 billion valuation of the company.

GoPro Inc’s IPO was priced at the high end of GoPro’s expected range and raised $427 million, valuing the whole company at about $3 billion.

GoPro videos have received 500 million views on YouTube, and part of the company’s strategy is to build a media platform and start collecting ad revenue. GoPro wants to go beyond cameras. From technology to media, a new business model is born for GoPro Inc.

Extreme Business Model GoPro

Looking at the NASDAQ:GPRO fundamentals, it has a number of positives. It’s making money, and we have seen plenty of tech companies going public that have yet to turn a profit. It’s also built an exciting brand with strong growth (+87% in 2013) and close to $1 billion in revenue, despite some competition.

With headquarters in San Mateo, California, GPRO was founded in 2004 by GoPro’s CEO and Chairman Nicholas Woodman. Its first product was a waterproof camera that used film. In 2006, it launched its first digital camera. Three years later it began selling a high-definition camera.

There is a real risk factor and pressure on revenue that GoPro faces, as management acknoledges: “We operate in a highly competitive market and the size and resources of some of our competitors may allow them to compete more effectively than we can, which could result in a loss of our market share and a decrease in our revenue and profitability.”

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Mix Sector Stocks News: GoPro, Inc. (NASDAQ:GPRO), Sprint Corporation (NYSE:S), Ashford Hospitality Prime, Inc. (NYSE:AHP), Acura Pharmaceuticals, Inc. (NASDAQ:ACUR), Lorillard, Inc. (NYSE:LO)

Wedbush set a $98.00 price target on GoPro (NASDAQ:GPRO) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the stock. GoPro, Inc. (NASDAQ:GPRO) belongs to Consumer Goods sector. Its net profit margin is 4.20% and weekly performance is 5.61%. On last trading day company shares ended up $61.54. GoPro, Inc. (NASDAQ:GPRO) distance from 50-day simple moving average … Continue reading Mix Sector Stocks News: GoPro, Inc. (NASDAQ:GPRO), Sprint Corporation (NYSE:S), Ashford Hospitality Prime, Inc. (NYSE:AHP), Acura Pharmaceuticals, Inc. (NASDAQ:ACUR), Lorillard, Inc. (NYSE:LO)

Shining on Major News: Atmel Corporation (NASDAQ:ATML), Marathon Oil Corporation (NYSE:MRO), Western Gas Partners LP (NYSE:WES), Empresa Nacional (NYSE:EOC), GoPro, Inc. (NASDAQ:GPRO)

On Nov. 24, Atmel Corporation (NASDAQ:ATML) announced it will present at NASDAQ OMX International Investor Program, on Dec. 3, at the Waldorf Hilton in London at 11:15 a.m. Greenwich Mean Time. Atmel Corporation (NASDAQ:ATML) belongs to Technology sector. Its net profit margin is 3.20% and weekly performance is 5.17%. On last trading day company shares ended up $7.93. Atmel Corporation (NASDAQ:ATML) distance from 50-day simple … Continue reading Shining on Major News: Atmel Corporation (NASDAQ:ATML), Marathon Oil Corporation (NYSE:MRO), Western Gas Partners LP (NYSE:WES), Empresa Nacional (NYSE:EOC), GoPro, Inc. (NASDAQ:GPRO)

Best Stocks: Canadian Solar Inc. (NASDAQ:CSIQ), GoPro, Inc. (NASDAQ:GPRO), Sony Corp (ADR) (NYSE:SNE), SFX Entertainment Inc. (NASDAQ:SFXE), Synta Pharmaceuticals Corp. (NASDAQ:SNTA)

Canadian Solar Inc. (NASDAQ:CSIQ), sold a 28.4-megawatt plant in California’s Mojave Desert to Dominion Resources Inc. Canadian Solar Inc. (NASDAQ:CSIQ) belongs to Technology sector. Its net profit margin is 2.10% and weekly performance is 5.38%. On last trading day company shares ended up $27.79. Canadian Solar Inc. (NASDAQ:CSIQ) distance from 50-day simple moving average (SMA50) is -12.31%. OnNov. 21, GoPro, Inc. (NASDAQ:GPRO), announced it will … Continue reading Best Stocks: Canadian Solar Inc. (NASDAQ:CSIQ), GoPro, Inc. (NASDAQ:GPRO), Sony Corp (ADR) (NYSE:SNE), SFX Entertainment Inc. (NASDAQ:SFXE), Synta Pharmaceuticals Corp. (NASDAQ:SNTA)

Big Movers: GoPro, Inc. (NASDAQ:GPRO), KeyCorp. (NYSE:KEY), Consolidated Edison, Inc. (NYSE:ED), Silver Bull Resources, Inc. (NYSEMKT:SVBL), Neogenomics Inc. (NASDAQ:NEO)

GoPro, Inc. (NASDAQ:GPRO) filed plans on Nov. 19 announced the pricing of its follow-on public offering of 10,360,500 shares of its Class A common stock at a price to the public of $75.00 per share. GoPro is offering 1,287,533 shares and the selling stockholders are offering 9,072,967 shares. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up … Continue reading Big Movers: GoPro, Inc. (NASDAQ:GPRO), KeyCorp. (NYSE:KEY), Consolidated Edison, Inc. (NYSE:ED), Silver Bull Resources, Inc. (NYSEMKT:SVBL), Neogenomics Inc. (NASDAQ:NEO)

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CEMEX, S.A.B. de C.V. (NYSE:CX) announced that it has signed binding agreements with Holcim regarding the series of transactions originally announced on August 28, 2013. CEMEX, S.A.B. de C.V. (NYSE:CX) belongs to Industrial Goods sector. Its net profit margin is -4.10% and weekly performance is 1.76%. On last trading day company shares ended up $12.12. CEMEX, S.A.B. de C.V. (NYSE:CX) distance from 50-day simple moving … Continue reading Don’t Miss : CEMEX, S.A.B. de C.V. (NYSE:CX), GoPro, Inc. (NASDAQ:GPRO), Lannett Company, Inc. (NYSE:LCI), Chunghwa Telecom Co., Ltd. (NYSE:CHT), InnerWorkings (NASDAQ:INWK)