Gamestop Corporation (GME) concluded trading on Wednesday at a closing price of $13.48, with 3.89 million shares of worth about $52.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.06% during that period and on March 20, 2024 the price saw a gain of about 0.52%. Currently the company’s common shares owned by public are about 304.60M shares, out of which, 266.30M shares are available for trading.
Stock saw a price change of -9.35% in past 5 days and over the past one month there was a price change of -0.07%. Year-to-date (YTD), GME shares are showing a performance of -23.10% which decreased to -20.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.82 but also hit the highest price of $27.65 during that period. The average intraday trading volume for Gamestop Corporation shares is 3.10 million. The stock is currently trading -6.14% below its 20-day simple moving average (SMA20), while that difference is down -6.60% for SMA50 and it goes to -21.94% lower than SMA200.
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Gamestop Corporation (NYSE: GME) currently have 304.60M outstanding shares and institutions hold larger chunk of about 29.36% of that.
The stock has a current market capitalization of $4.12B and its 3Y-monthly beta is at -0.38. It has posted earnings per share of -$0.03 in the same period. It has Quick Ratio of 0.94 while making debt-to-equity ratio of 0.49. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GME, volatility over the week remained 4.08% while standing at 4.53% over the month.
Analysts are in expectations that Gamestop Corporation (GME) stock would likely to be making an EPS of $0.29 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is $0.12 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.25 which is $0.34 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 112.25% while it is estimated to decrease by -8.00% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on June 08, 2023 offering an Underperform rating for the stock and assigned a target price range of between $6.50 and $6.20 to it. Coverage by Ascendiant Capital Markets stated Gamestop Corporation (GME) stock as a Sell in their note to investors on April 12, 2021, suggesting a price target of $10 for the stock. On March 24, 2021, Telsey Advisory Group Reiterated their recommendations, while on March 24, 2021, Wedbush Downgrade their ratings for the stock with a price target of $29. Stock get an Underperform rating from BofA Securities on January 27, 2021.
