With over 13.3 million Gamestop Corporation (GME) shares trading Friday and a closing price of $15.30 on the day, the dollar volume was approximately $203.42 million. The shares have shown a negative half year performance of -37.91% and its price on 12/01/23 gained nearly 5.15%. Currently, there are 304.60M common shares owned by the public and among those 266.02M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for GME have a consensus price objective of $14.92. The analysts have set the share’s price value over the next 12 months at a high of $20.00 and a low of $6.00. The average price target is -2.55% below its recent price level and a downside to the estimated low will see the stock lose -155.0% over that period. But an upside of 23.5% will see the stock hit the forecast high price target while median target price for the stock is $18.75.
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
Insiders at the company have transacted a total of 22 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 535,871 shares. Insider sales of the common stock occurred on 8 occasions, with total insider shares sold totaling 150,817 shares.
Shares of Gamestop Corporation (NYSE: GME) opened at $14.52, down -$0.03 from a prior closing price of $14.55. The company’s stock has a 5-day price change of 25.41% and -16.94% over the past three months. GME shares are trading -17.12% year to date (YTD), with the 12-month market performance down to -41.63% lower. It has a 12-month low price of $11.82 and touched a high of $27.87 over the same period. GME has an average intraday trading volume of 4.67 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.30%, 7.67%, and -20.91% respectively.
Institutional ownership of Gamestop Corporation (NYSE: GME) shares accounts for 28.62% of the company’s 304.60M shares outstanding.
It has a market capitalization of $4.67B and a beta (3y monthly) value of -0.23. The earnings-per-share (ttm) stands at -$0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.29% over the week and 6.12% over the month.
Analysts forecast that Gamestop Corporation (GME) will achieve an EPS of $General Motors Company for the current quarter, $32.36 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $General Electric Company while analysts give the company a high EPS estimate of $Green Giant Inc.. Comparatively, EPS for the current quarter was $CME Group Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 98.04%, and 66.67% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Gamestop Corporation (GME) as a “Moderate Sell” at a consensus score of 4.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the GME, a number of firms have released research notes about the stock. Wedbush stated their Underperform rating for the stock in a research note on June 08, 2023, with the firm’s price target at $6.50-$6.20.
