Gamestop Corporation (GME) concluded trading on Thursday at a closing price of $20.63, with 2.64 million shares of worth about $54.53 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 84.03% during that period and on October 24, 2024 the price saw a gain of about 0.44%. Currently the company’s common shares owned by public are about 426.51M shares, out of which, 388.58M shares are available for trading.
Stock saw a price change of -3.64% in past 5 days and over the past one month there was a price change of -6.99%. Year-to-date (YTD), GME shares are showing a performance of 17.68% which increased to 46.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.95 but also hit the highest price of $64.83 during that period. The average intraday trading volume for Gamestop Corporation shares is 8.29 million. The stock is currently trading -2.92% below its 20-day simple moving average (SMA20), while that difference is down -4.52% for SMA50 and it goes to 6.36% higher than SMA200.
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Gamestop Corporation (NYSE: GME) currently have 426.51M outstanding shares and institutions hold larger chunk of about 22.90% of that.
The stock has a current market capitalization of $8.80B and its 3Y-monthly beta is at -0.13. PE ratio of stock for trailing 12 months is 160.05, while it has posted earnings per share of $0.13 in the same period. It has Quick Ratio of 5.52 while making debt-to-equity ratio of 0.12. 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 2.60% while standing at 3.57% over the month.
Stock’s fiscal year EPS is expected to drop by -150.00% while it is estimated to increase by 66.67% 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.
