Gamestop Corporation [NYSE: GME] slipped around -1.84 points on Friday, while shares priced at $29.05 at the close of the session, down -5.96%.
Compared to the average trading volume of 10.65M shares, GME reached a trading volume of 10473673 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about 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 $10.00 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 4.50. 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 1.70, with the Price to Sales ratio for GME stock in the period of the last 12 months amounting to 2.56. The Price to Book ratio for the last quarter was 2.83, with the Price to Cash per share for the same quarter was set at 10.49.
How has GME stock performed recently?
Gamestop Corporation [GME] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.42. With this latest performance, GME shares gained by 24.79% in over the last four-week period, additionally plugging by 25.54% over the last 6 months – not to mention a rise of 78.77% 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 64.18, with the RSI for the last a single of trading hit 61.84, and the three-weeks RSI is set at 63.76 for Gamestop Corporation [GME]. The present Moving Average for the last 50 days of trading for this stock 23.59, while it was recorded at 29.57 for the last single week of trading, and 20.81 for the last 200 days.
Gamestop Corporation [GME]: Deeper insight into the fundamentals
Gamestop Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.52 and a Current Ratio set at 6.23.
Earnings analysis for Gamestop Corporation [GME]
With the latest financial reports released by the company, Gamestop Corporation posted 0/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.08. 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.
Insider trade positions for Gamestop Corporation [GME]
There are presently around $28.64%, or 31.30%% 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%.
