Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified

GoPro

(

GPRO

) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified GoPro as such a stock due to the following factors:

  • GPRO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $723.0 million.
  • GPRO is up 2.3% today from today's close.

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More details on GPRO:

GoPro, Inc. develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content. GPRO has a PE ratio of 44. Currently there are 9 analysts that rate GoPro a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for GoPro has been 6.3 million shares per day over the past 30 days. GoPro has a market cap of $6.1 billion and is part of the consumer goods sector and consumer durables industry. The stock has a beta of 0.50 and a short float of 13.3% with 0.93 days to cover. Shares are down 2.1% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates GoPro as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and robust revenue growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation.

Highlights from the ratings report include:

  • Powered by its strong earnings growth of 250.00% and other important driving factors, this stock has surged by 45.95% over the past year, outperforming the rise in the S&P 500 Index during the same period.
  • When compared to other companies in the Household Durables industry and the overall market, GOPRO INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
  • GPRO has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. To add to this, GPRO has a quick ratio of 2.06, which demonstrates the ability of the company to cover short-term liquidity needs.
  • Net operating cash flow has improved to $65.87 million from having none in the same quarter last year. Since the company had no net operating cash flow for the prior period, we cannot calculate a percent change in order to compare its growth rate with that of its industry average.

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