GameStop Corp. [GME] Stock trading around $177.77 per share: What’s Next?

GameStop Corp. [NYSE: GME] stock went on an upward path that rose over 5.23% on Tuesday, amounting to a one-week price increase of more than 12.14%. The company report on April 27, 2021 that INVESTOR ALERT: Labaton Sucharow Pursing FINRA Arbitration for Robinhood Trading Restrictions; Traders with Losses Encouraged to Contact the Firm.

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Labaton Sucharow LLP, a premiere securities litigation law firm, announces it is pursing FINRA arbitration claims on behalf of traders using Robinhood who suffered losses in Gamestop (NYSE:GME), AMC (NYSE:AMC), Nokia (NYSE:NOK), BlackBerry (NYSE:BB), Bed Bath & Beyond (NASDAQ:BBBY), Naked Brands (NASDAQ:AKD), Koss (NASDAQ:KOSS), or Express (NYSE:EXPR) following Robinhood’s decision to restrict trading.

During the week of January 25, 2021, the price of Gamestop stock increased over 200% due to a large number of individual traders buying the stock, and other stocks saw similar increases. On January 28, Robinhood announced it was restricting its traders from opening new positions in Gamestop, AMC, Nokia, and other stocks. It allowed its customers to sell their positions only and closed other positions without warning. After Robinhood’s announcement, the prices of Gamestop, AMC, Nokia, and many other stocks Robinhood restricted plummeted.

Over the last 12 months, GME stock rose by 2954.47%. The one-year GameStop Corp. stock forecast points to a potential downside of -340.46. The average equity rating for GME stock is currently 3.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $12.45 billion, with 65.30 million shares outstanding and 54.16 million shares in the current float. Compared to the average trading volume of 29.99M shares, GME stock reached a trading volume of 8889770 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $40.36 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 3.90. 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.

Ascendiant Capital Markets have made an estimate for GameStop Corp. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on April 12, 2021. While these analysts kept the previous recommendation, Telsey Advisory Group dropped their target price from $33 to $30. The new note on the price target was released on March 24, 2021, representing the official price target for GameStop Corp. stock. Previously, the target price had yet another raise from $16 to $29, while Wedbush kept a Underperform rating on GME stock. On January 27, 2021, analysts increased their price target for GME shares from 1.60 to 10.

The Average True Range (ATR) for GameStop Corp. is set at 21.52, with the Price to Sales ratio for GME stock in the period of the last 12 months amounting to 2.45. The Price to Book ratio for the last quarter was 26.57, with the Price to Cash per share for the same quarter was set at 7.26. Price to Free Cash Flow for GME in the course of the last twelve months was 196.36 with Quick ratio for the last quarter at 0.70.

GME Stock Performance Analysis:

GameStop Corp. [GME] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.14. With this latest performance, GME shares dropped by -1.78% in over the last four-week period, additionally plugging by 1085.13% over the last 6 months – not to mention a rise of 2954.47% 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 54.87, with the RSI for the last a single of trading hit 59.04, and the three-weeks RSI is set at 54.04 for GameStop Corp. [GME]. The present Moving Average for the last 50 days of trading for this stock 157.21, while it was recorded at 161.51 for the last single week of trading, and 56.92 for the last 200 days.

Insight into GameStop Corp. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and GameStop Corp. [GME] shares currently have an operating margin of -4.98 and a Gross Margin at +24.75. GameStop Corp.’s Net Margin is presently recorded at -4.22.

Return on Total Capital for GME is now -15.45, given the latest momentum, and Return on Invested Capital for the company is -16.07. Return on Equity for this stock declined to -40.95, with Return on Assets sitting at -8.11. When it comes to the capital structure of this company, GameStop Corp. [GME] has a Total Debt to Total Equity ratio set at 239.71. Additionally, GME Total Debt to Total Capital is recorded at 70.56, with Total Debt to Total Assets ending up at 42.34. Long-Term Debt to Equity for the company is recorded at 154.04, with the Long-Term Debt to Total Capital now at 45.35.

Reflecting on the efficiency of the workforce at the company, GameStop Corp. [GME] managed to generate an average of -$17,883 per employee. Receivables Turnover for the company is 41.18 with a Total Asset Turnover recorded at a value of 1.92.GameStop Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.20.

GME Stock EPS

With the latest financial reports released by the company, GameStop Corp. posted -1.61/share EPS, while the average EPS was predicted by analysts to be reported at -1.27/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -26.80%. 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.

GameStop Corp. [GME] Insider Position Details

There are presently around $13,024 million, or 95.00% of GME stock, in the hands of institutional investors. The top three institutional holders of GME stocks are: FMR LLC with ownership of 9,276,087, which is approximately -2.706% of the company’s market cap and around 3.10% of the total institutional ownership; BLACKROCK INC., holding 9,217,335 shares of the stock with an approximate value of $1.56 billion in GME stocks shares; and VANGUARD GROUP INC, currently with $872.03 million in GME stock with ownership of nearly -2.383% of the company’s market capitalization.

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Positions in GameStop Corp. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 115 institutional holders increased their position in GameStop Corp. [NYSE:GME] by around 15,863,829 shares. Additionally, 139 investors decreased positions by around 19,803,988 shares, while 24 investors held positions by with 37,594,479 shares. The mentioned changes placed institutional holdings at 73,262,296 shares, according to the latest SEC report filing. GME stock had 70 new institutional investments in for a total of 4,051,657 shares, while 41 institutional investors sold positions of 8,432,139 shares during the same period.

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