A share price of Gamestop Corporation [GME] is currently trading at $10.93, up 7.58%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GME shares have gain 6.12% over the last week, with a monthly amount drifted -27.71%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 experienced fluctuations in its stock price throughout the past year between $9.95 and $27.65. Currently, Wall Street analysts expect the stock to reach $15.3 within the next 12 months. Gamestop Corporation [NYSE: GME] shares were valued at $10.93 at the most recent close of the market. An investor can expect a potential return of 39.98% based on the average GME price forecast.
Analyzing the GME fundamentals
Trailing Twelve Months sales for Gamestop Corporation [NYSE:GME] were 5.27B which represents -19.44% decline. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.16.
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 10.41 points at the first support level, and at 9.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.19, and for the 2nd resistance point, it is at 11.46.
Gamestop Corporation [GME] reported earnings per share of $0.22 for its fiscal quarter that ended on 1/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.29/share, meaning a difference of -$0.07 and a surprise factor of -24.10%. By comparison, the stated earnings for the previous quarter ended on 10/31/2023 were $0 per share as compared to estimates of -$0.08 per share, a difference of $0.08 representing a surprise of 100.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gamestop Corporation [NYSE:GME] is 2.11. In addition, the Quick Ratio stands at 1.44 and the Cash Ratio stands at 0.99. Considering the valuation of this stock, the price to sales ratio is 0.63, the price to book ratio is 2.50 and price to earnings (TTM) ratio is 515.57.
Transactions by insiders
Recent insider trading involved Robinson Mark Haymond, General Counsel and Secretary, that happened on Apr 23 ’24 when 13471.0 shares were sold. Director, Cheng Lawrence completed a deal on Apr 08 ’24 to buy 10000.0 shares. Meanwhile, PFO and PAO Moore Daniel William sold 526.0 shares on Apr 08 ’24.
