NEW YORK (TheStreet) -- Shares of GoPro (GPRO) - Get Report were falling 6.5% to $13.96 in early afternoon trading on Monday as Longbow Research said that availability checks for GoPro's Hero 5 products show that supply is low, the Fly reports.
The Hero 5 line was first available for retail sale on October 2, and Longbow notes that retailers have received few restocks since the initial shipments.
The "rushed" product launch resulted in some manufacturing issues, one contact told Longbow.
Additionally, Longbow noted that the wearable camera company delayed its shipment date for its new Karma drone to November 28 from October 23 this weekend.
This could indicate that fourth quarter guidance is too high, the firm said, adding that GoPro could face execution challenges.
Longbow has a "neutral" rating on shares of the San Mateo, CA-based company.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "sell" with a ratings score of D.
The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: GPRO