At the time of writing, Gamestop Corporation [GME] stock is trading at $23.42, up 8.88%. 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 5.45% over the last week, with a monthly amount glided 7.88%, and 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.
For the past year, the stock price of Gamestop Corporation fluctuated between $9.95 and $64.83. Currently, Wall Street analysts expect the stock to reach $15.3 within the next 12 months. Gamestop Corporation [NYSE: GME] shares were valued at $23.42 at the most recent close of the market. An investor can expect a potential drop of -34.67% based on the average GME price forecast.
Analyzing the GME fundamentals
According to Gamestop Corporation [NYSE:GME], the company’s sales were 4.92B for trailing twelve months, which represents an -28.72% plunge. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is -0.01. 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 22.27 points at the first support level, and at 21.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.02, and for the 2nd resistance point, it is at 24.63.
Ratios To Look Out For
It is important to note that Gamestop Corporation [NYSE:GME] has a current ratio of 2.22. Also, the Quick Ratio is 1.42, while the Cash Ratio stands at 1.18. Considering the valuation of this stock, the price to sales ratio is 2.03, the price to book ratio is 5.49 and price to earnings (TTM) ratio is 287.36.
Transactions by insiders
Recent insider trading involved Cheng Lawrence, Director, that happened on Jul 08 ’24 when 4140.0 shares were purchased. PFO and PAO, Moore Daniel William completed a deal on Jul 02 ’24 to sell 403.0 shares. Meanwhile, General Counsel and Secretary Robinson Mark Haymond sold 565.0 shares on Jul 02 ’24.
