Gamestop Corporation [GME] stock is trading at $14.21, up 3.87%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GME shares have gain 5.34% over the last week, with a monthly amount drifted -1.93%, and not seem to be holding up well over a long-time horizon.
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On 6, December 2023, GameStop Discloses Third Quarter 2023 Results. In a post published today on Yahoo Finance, GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the third quarter ended October 28, 2023. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company’s Form 10-Q and supplemental information can be found at https://investor.gamestop.com.
From an analyst’s perspective:
Gamestop Corporation [NYSE: GME] stock has seen the most recent analyst activity on June 08, 2023, when Wedbush reiterated its Underperform rating and also revised its price target to $6.20 from $6.50. Previously, Ascendiant Capital Markets downgraded its rating to Sell on April 12, 2021, and dropped its price target to $10. On March 24, 2021, Telsey Advisory Group reiterated its Underperform rating and revised its price target to $30 on the stock. Wedbush downgraded its rating to a Underperform and increased its price target to $29 on March 24, 2021. BofA Securities reiterated its recommendation of a Underperform and raised its price target to $10 on January 27, 2021. Telsey Advisory Group downgraded its rating to Underperform for this stock on January 25, 2021, and upped its price target to $33. In a note dated January 13, 2021, Standpoint Research downgraded an Hold rating on this stock.
Gamestop Corporation [GME] stock has fluctuated between $11.82 and $27.65 over the past year. Currently, Wall Street analysts expect the stock to reach $20.38 within the next 12 months. Gamestop Corporation [NYSE: GME] shares were valued at $14.21 at the most recent close of the market. An investor can expect a potential return of 43.42% based on the average GME price forecast.
Analyzing the GME fundamentals
Gamestop Corporation [NYSE:GME] reported sales of 5.71B for the trailing twelve months, which represents a drop of -9.11%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.83 points at the first support level, and at 13.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.44, and for the 2nd resistance point, it is at 14.67.
Gamestop Corporation [GME] reported earnings per share of $0 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.08/share, meaning a difference of $0.08 and a surprise factor of 100.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were -$0.03 per share as compared to estimates of -$0.14 per share, a difference of $0.11 representing a surprise of 78.60%.
Ratios To Look Out For
For context, Gamestop Corporation’s Current Ratio is 1.65. Also, the Quick Ratio is 0.94, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 3.44.
Transactions by insiders
Recent insider trading involved Robinson Mark Haymond, General Counsel and Secretary, that happened on Oct 12 when 11966.0 shares were sold. General Counsel and Secretary, Robinson Mark Haymond completed a deal on Oct 02 to sell 4220.0 shares. Meanwhile, PAO and Interim PFO Moore Daniel William sold 686.0 shares on Oct 02.
