Gamestop Corporation (NYSE:GME) price on Thursday, January 16, fall -0.86% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $27.72.
A look at the stock’s price movement, the close in the last trading session was $27.96, moving within a range at $27.41 and $28.14. The beta value (5-Year monthly) was -0.098 while the PE ratio in trailing twelve months stood at 155.03. Turning to its 52-week performance, $64.83 and $9.95 were the 52-week high and 52-week low respectively. Overall, GME moved -0.96% over the past month.
Gamestop Corporation’s market cap currently stands at around $12.39 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 1.48B for the company’s revenue for the quarter, with a low and high estimate of 1.45B and 1.5B respectively. The average forecast suggests down to a -17.63% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.02B, representing a -23.80% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GME is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 3 recommend GME as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GME’s current price about -10.23% and -3.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.87, while 7-day volatility ratio is 6.16% and 6.48% in the 30-day chart. Further, Gamestop Corporation (GME) has a beta value of -0.04, and an average true range (ATR) of 1.89. Analysts have given the company’s stock an average 52-week price target of $11, forecast between a low of $11 and high of $11. Looking at the price targets, the low is 60.32% off current price level while to achieve the yearly target high, price needs to move 60.32%. Nonetheless, investors will most likely welcome a 60.32% jump to $11 which is the analysts’ median price.
If we refocus on Gamestop Corporation (NYSE:GME), historical trading data shows that trading volumes averaged 8.26 over the past 10 days and 11.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 446.80 million shares.
The 8.49% of Gamestop Corporation’s shares are in the hands of company insiders while institutional holders own 28.34% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 32.4 million on 2024-11-29, giving us a short ratio of 2.6. The data shows that as of 2024-11-29 short interest in Gamestop Corporation (GME) stood at 869.9999999999999 of shares outstanding, with shares short falling to 35.94 million registered in 2024-10-31. Current price change has pushed the stock -11.55% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GME stock continues to rise going into the next quarter.
