Gamestop Corporation [NYSE: GME] price surged by 3.95 percent to reach at $0.92.
A sum of 17400684 shares traded at recent session while its average daily volume was at 14.34M shares. Gamestop Corporation shares reached a high of $24.43 and dropped to a low of $23.06 until finishing in the latest session at $24.2.
The one-year GME stock forecast points to a potential downside of -79.26. The average equity rating for GME stock is currently 4.50, trading closer to a bullish pattern in the stock market.
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 $13.50 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 Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 14.28. Price to Free Cash Flow for GME in the course of the last twelve months was 24.95 with Quick ratio for the last quarter at 7.89.
GME Stock Performance Analysis:
Gamestop Corporation [GME] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.11. With this latest performance, GME shares gained by 3.24% in over the last four-week period, additionally sinking by -12.70% over the last 6 months – not to mention a drop of -22.78% 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 49.53, with the RSI for the last a single of trading hit 0.78, and the three-weeks RSI is set at 1.00 for Gamestop Corporation [GME]. The present Moving Average for the last 50 days of trading for this stock 26.32, while it was recorded at 23.56 for the last single week of trading, and 26.01 for the last 200 days.
Insight into Gamestop Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Gamestop Corporation [GME] shares currently have an operating margin of 1.43% and a Gross Margin at 30.55%. Gamestop Corporation’s Net Margin is presently recorded at 5.67%.
Gamestop Corporation (GME) Capital Structure & Debt Analysis
According to recent financial data for Gamestop Corporation. ( GME), the Return on Equity (ROE) stands at 6.62%, suggesting modest shareholder returns. The Return on Assets (ROA) is 4.13%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Gamestop Corporation’s Return on Invested Capital (ROIC) is 3.14%, showcasing its effectiveness in deploying capital for earnings.
Gamestop Corporation (GME) Efficiency & Liquidity Metrics
Based on Gamestop Corporation’s (GME) latest financial statements, the Debt-to-Equity Ratio is 0.35%, indicating its reliance on debt financing relative to shareholder equity.
Gamestop Corporation (GME) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Gamestop Corporation. (GME) effectively leverages its workforce, generating an average of $34716.67 per employee. The company’s liquidity position is robust, with a Current Ratio of 8.39% and a Quick Ratio of 7.89%, indicating strong ability to cover short-term liabilities.
GME Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gamestop Corporation go to -4.22%.
Gamestop Corporation [GME] Institutonal Ownership Details
There are presently around $34.55%, or 37.81%% 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 7.686%. 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 2.0893%.
