GameStop Corp. [NYSE: GME] traded at a high on 03/21/23, posting a 4.62 gain after which it closed the day’ session at $17.65. The company report on March 21, 2023 that GameStop Reports Fourth Quarter and Fiscal Year 2022 Results.
GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the fourth quarter and fiscal year ended January 28, 2023. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company’s Form 10-K and supplemental information can be found at https://investor.gamestop.com/.
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The results of the trading session contributed to over 9782409 shares changing hands. Over the past one week, the price volatility of GameStop Corp. stands at 6.54% while the volatility over the past one month is 5.26%.
The market cap for GME stock reached $5.43 billion, with 304.20 million shares outstanding and 256.96 million shares in the current float. Compared to the average trading volume of 4.34M shares, GME reached a trading volume of 9782409 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $12.65 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 4.00. 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 1.15, with the Price to Sales ratio for GME stock in the period of the last 12 months amounting to 0.91. The Price to Book ratio for the last quarter was 4.32, with the Price to Cash per share for the same quarter was set at 3.39.
How has GME stock performed recently?
GameStop Corp. [GME] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.38. With this latest performance, GME shares dropped by -19.74% in over the last four-week period, additionally sinking by -39.05% over the last 6 months – not to mention a drop of -22.24% 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 45.08, with the RSI for the last a single of trading hit 48.70, and the three-weeks RSI is set at 44.52 for GameStop Corp. [GME]. The present Moving Average for the last 50 days of trading for this stock 19.66, while it was recorded at 16.77 for the last single week of trading, and 26.54 for the last 200 days.
GameStop Corp. [GME]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and GameStop Corp. [GME] shares currently have an operating margin of -5.96 and a Gross Margin at +21.20. GameStop Corp.’s Net Margin is presently recorded at -6.34.
Return on Total Capital for GME is now -19.19, given the latest momentum, and Return on Invested Capital for the company is -24.24. Return on Equity for this stock declined to -37.40, with Return on Assets sitting at -12.39. When it comes to the capital structure of this company, GameStop Corp. [GME] has a Total Debt to Total Equity ratio set at 40.50. Additionally, GME Total Debt to Total Capital is recorded at 28.83, with Total Debt to Total Assets ending up at 17.62. Long-Term Debt to Equity for the company is recorded at 27.10, with the Long-Term Debt to Total Capital now at 19.28.
Reflecting on the efficiency of the workforce at the company, GameStop Corp. [GME] managed to generate an average of -$31,775 per employee. Receivables Turnover for the company is 28.97 with a Total Asset Turnover recorded at a value of 1.95.GameStop Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.60.
Insider trade positions for GameStop Corp. [GME]
There are presently around $1,504 million, or 26.00% of GME stock, in the hands of institutional investors. The top three institutional holders of GME stocks are: VANGUARD GROUP INC with ownership of 24,664,433, which is approximately 2.072% of the company’s market cap and around 15.62% of the total institutional ownership; BLACKROCK INC., holding 21,977,404 shares of the stock with an approximate value of $387.9 million in GME stocks shares; and STATE STREET CORP, currently with $128.04 million in GME stock with ownership of nearly 4.697% of the company’s market capitalization.
Positions in GameStop Corp. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 126 institutional holders increased their position in GameStop Corp. [NYSE:GME] by around 8,352,326 shares. Additionally, 100 investors decreased positions by around 1,809,434 shares, while 71 investors held positions by with 75,044,560 shares. The mentioned changes placed institutional holdings at 85,206,320 shares, according to the latest SEC report filing. GME stock had 46 new institutional investments in for a total of 2,625,381 shares, while 41 institutional investors sold positions of 1,332,146 shares during the same period.