Typically, a stock that has declined as much as GoPro Inc GPRO 3.97%’s stock has will inspire a swing in value-driven or contrarian bullish sentiment in the market. However, as GoPro’s stock dips into the single digits, down more than 80 percent in the past year, the latest data from StockTwits shows that there is little evidence of a contrarian bounce in the near future.

Recent bearish sentiment in GoPro on StockTwits peaked on January 15 when 54 percent of messages were bearish. Following the bearish sentiment peak, the share price continued to fall another 13.3 percent in recent weeks. To make matters worse, StockTwits has recorded yet another pickup in bearish sentiment already in early February.

One thing is for certain: it seems…

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