GameStop Corp. (NYSE:GME) price is hovering lower on Monday, September 13, dropping -1.87% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $203.40, with intraday deals fluctuating between $191.50 and $208.88. The company’s 5Y monthly beta was ticking -2.07. Taking into account the 52-week price action we note that the stock hit a 52-week high of $483.00 and 52-week low of $6.43. The stock added 25.28% on its value in the past month.
GameStop Corp., which has a market valuation of $16.27 billion, is expected to release its quarterly earnings report Dec 06, 2021 – Dec 10, 2021. Analysts tracking GME have forecast the quarterly EPS to shrink by -0.51 per share this quarter, while the same analysts predict the annual EPS to hit -$0.7 for the year 2021 and up to $0.03 for 2023. In this case, analysts estimate an annual EPS growth of 67.30% for the year and 104.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.18 billion, with the likely lows of $966 million and highs of $1.31 billion. Staying with the analyst view, there is a consensus estimate of $5.62 billion for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 10.40% above that which the company brought in 2022.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews. On the technical perspective front, indicators give GME a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that GME’s price is at present 4.25% off the SMA20 and 10.75% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.01, with weekly volatility standing at 8.90%. The indicator jumps to 8.87% when calculated based on the past 30 days. GameStop Corp. (NYSE:GME)’s beta value is holding at -2.04, while the average true range (ATR) indicator is currently reading 15.37.
Turning out attention to how the GameStop Corp. stock has performed in comparison to its peers in the industry, here’s what we find: GME’s stock is -1.87% on the day and 3239.90% in the past 12 months, while Apple Inc. (AAPL) traded 0.06% in the latest session and is positioned 33.53% up on its price 12 months ago. Another comparison is with AT&T Inc. (T) whose stock price is down -0.45% in the current trading session, and has flourished -5.10% over the past year. Also, Best Buy Co. Inc. (BBY) is currently showing down trend of -0.93% while its price kept floating at 4.63% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.26% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.55%.
An analysis of the GameStop Corp. (NYSE:GME) stock in terms of its daily trading volume indicates that the 3-month average is 3.75 million.
Current records show that the company has 72.60M in outstanding shares. The insiders’ percentage holdings are 2.70% of outstanding shares while the percentage share held by institutions stands at 37.20%. But the 979.62% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.