GameStop Corp. [GME] is -22.86% lower this YTD. Is it still time to buy?

GameStop Corp. [NYSE: GME] loss -0.64% or -0.03 points to close at $4.69 with a heavy trading volume of 3907670 shares. It opened the trading session at $4.50, the shares rose to $4.77 and dropped to $4.42, the range by which the price of stock traded the whole day. The daily chart for GME points out that the company has recorded -15.95% loss over the past six months. However, it is still -82.49% lower than its most recent low trading price.

If we look at the average trading volume of 4.32M shares, GME reached to a volume of 3907670 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about GameStop Corp. [GME]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GME shares is $3.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GME stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for GameStop Corp. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on June 10, 2020. The new note on the price target was released on March 20, 2020, representing the official price target for GameStop Corp. stock. Previously, the target price had yet another raise from $5 to $6, while Telsey Advisory Group kept a Market Perform rating on GME stock. On August 20, 2019, analysts decreased their price target for GME shares from 4 to 2.50.

The Average True Range (ATR) for GameStop Corp. is set at 0.46, with the Price to Sales ratio for GME stock in the period of the last 12 months amounting to 0.05. The Price to Book ratio for the last quarter was 0.70, with the Price to Cash per share for the same quarter was set at 9.51. Price to Free Cash Flow for GME in the course of the last twelve months was 2.10 with Quick ratio for the last quarter at 0.50.

Trading performance analysis for GME stock

GameStop Corp. [GME] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.39. With this latest performance, GME shares gained by 13.56% in over the last four-week period, additionally sinking by -15.95% over the last 6 months – not to mention a drop of -16.70% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GME stock in for the last two-week period is set at 51.28, with the RSI for the last a single of trading hit 52.27, and the three-weeks RSI is set at 51.08 for GameStop Corp. [GME]. The present Moving Average for the last 50 days of trading for this stock 4.67, while it was recorded at 4.76 for the last single week of trading, and 4.91 for the last 200 days.

GameStop Corp. [GME]: A deeper dive into fundamental analysis

GameStop Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.90.

GameStop Corp. [GME]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, GameStop Corp. posted -0.32/share EPS, while the average EPS was predicted by analysts to be reported at -0.21/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -52.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GME.

An analysis of insider ownership at GameStop Corp. [GME]

There are presently around $386 million, or 95.00% of GME stock, in the hands of institutional investors. The top three institutional holders of GME stocks are: BLACKROCK INC. with ownership of 10,563,528, which is approximately -6.283% of the company’s market cap and around 3.00% of the total institutional ownership; FMR LLC, holding 9,529,136 shares of the stock with an approximate value of $44.98 million in GME stocks shares; and VANGUARD GROUP INC, currently with $41.38 million in GME stock with ownership of nearly -7.877% of the company’s market capitalization.

68 institutional holders increased their position in GameStop Corp. [NYSE:GME] by around 8,678,067 shares. Additionally, 145 investors decreased positions by around 19,700,509 shares, while 40 investors held positions by with 53,300,560 shares. The mentioned changes placed institutional holdings at 81,679,136 shares, according to the latest SEC report filing. GME stock had 26 new institutional investments in for a total of 5,302,042 shares, while 50 institutional investors sold positions of 3,138,878 shares during the same period.

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