Gamestop Corporation [NYSE: GME] stock went on a downward path that fall over -3.83% on Monday, amounting to a one-week price decrease of less than -5.74%.
Over the last 12 months, GME stock rose by 30.56%. The one-year Gamestop Corporation stock forecast points to a potential downside of -8.92. The average equity rating for GME stock is currently 4.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $9.10 billion, with 426.22 million shares outstanding and 388.27 million shares in the current float. Compared to the average trading volume of 37.01M shares, GME stock reached a trading volume of 4723846 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Gamestop Corporation [GME]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GME shares is $19.61 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.
Wedbush have made an estimate for Gamestop Corporation shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on June 08, 2023. While these analysts kept the previous recommendation, Ascendiant Capital Markets dropped their target price from $12 to $10. The new note on the price target was released on April 12, 2021, representing the official price target for Gamestop Corporation stock. Previously, the target price had yet another drop from $33 to $30, while Telsey Advisory Group kept a Underperform rating on GME stock. On March 24, 2021, analysts increased their price target for GME shares from 16 to 29.
The Average True Range (ATR) for Gamestop Corporation is set at 1.17, with the Price to Sales ratio for GME stock in the period of the last 12 months amounting to 1.85. The Price to Book ratio for the last quarter was 5.00, with the Price to Cash per share for the same quarter was set at 2.55.
GME Stock Performance Analysis:
Gamestop Corporation [GME] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.74. With this latest performance, GME shares dropped by -11.48% in over the last four-week period, additionally plugging by 56.14% over the last 6 months – not to mention a rise of 30.56% 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 41.26, with the RSI for the last a single of trading hit 36.63, and the three-weeks RSI is set at 44.81 for Gamestop Corporation [GME]. The present Moving Average for the last 50 days of trading for this stock 23.83, while it was recorded at 22.10 for the last single week of trading, and 18.08 for the last 200 days.
Insight into Gamestop Corporation Fundamentals:
Gamestop Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.42 and a Current Ratio set at 2.22.
Gamestop Corporation [GME] Institutonal Ownership Details
There are presently around $28.19%, or 31.60%% of GME stock, in the hands of institutional investors. The top three institutional holders of GME stocks are: VANGUARD GROUP INC with ownership of 29.7 million shares, which is approximately 9.7086%. BLACKROCK INC., holding 22.6 million shares of the stock with an approximate value of $$557.98 million in GME stocks shares; and BLACKROCK INC., currently with $$199.33 million in GME stock with ownership which is approximately 2.6392%.
