Gamestop Corporation [GME] stock is trading at $11.90, up 6.16%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GME shares have gain 14.20% over the last week, with a monthly amount drifted -9.64%, and not seem to be holding up well over a long-time horizon.
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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 $9.95 and $27.65 over the past year. Currently, Wall Street analysts expect the stock to reach $15.3 within the next 12 months. Gamestop Corporation [NYSE: GME] shares were valued at $11.90 at the most recent close of the market. An investor can expect a potential return of 28.57% based on the average GME price forecast.
Analyzing the GME fundamentals
Gamestop Corporation [NYSE:GME] reported sales of 5.27B for the trailing twelve months, which represents a drop of -19.44%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.16.
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 11.20 points at the first support level, and at 10.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.39, and for the 2nd resistance point, it is at 12.89.
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
For context, Gamestop Corporation’s Current Ratio is 2.11. Further, the Quick Ratio stands at 1.44, while the Cash Ratio is 0.99. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 2.72 and price to earnings (TTM) ratio is 561.32.
Transactions by insiders
Recent insider trading involved Moore Daniel William, PFO and PAO, that happened on Apr 24 ’24 when 7779.0 shares were sold. General Counsel and Secretary, Robinson Mark Haymond completed a deal on Apr 23 ’24 to sell 13471.0 shares. Meanwhile, Director Cheng Lawrence bought 10000.0 shares on Apr 08 ’24.
