The trading price of Gamestop Corporation (NYSE:GME) floating lower at last check on current market day and closing at $24.01, -1.60% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 134.28. In examining the 52-week price action we see that the stock hit a 52-week high of $64.83 and a 52-week low of $9.95. Over the past month, the stock has lost -10.74% in value.
Gamestop Corporation, whose market valuation is $10.73 billion at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.08 per share this quarter, however they have predicted annual earnings per share of 0.07 for current year and 0.0 for next year.
Analysts have forecast the company to bring in revenue of 1.48B for the current quarter, with the likely lows of 1.45B and highs of 1.5B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 4.02B.
On the technical side, indicators suggest GME has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GME a recommendation rating is 8. Out of them, 4 rate it a Hold, while 3 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Gamestop Corporation (GME) as Underweight, while 1 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 4.57, which symbolizes a positive outlook. A quick review shows that GME’s price is currently -6.17% off the SMA20 and -14.22% off the SMA50. The RSI metric on the 14-day chart is currently showing 37.30, and weekly volatility stands at 4.68%. When measured over the past 30 days, the indicator reaches 4.48%. Gamestop Corporation (NYSE:GME)’s beta value is currently sitting at -0.57, while the Average True Range indicator is currently displaying 1.25. With analysts defining $11-$11 as the low and high price targets, we arrive at a consensus price target of $11 for the trailing 12-month period. The current price is about 54.19% off the estimated low and 54.19% off the forecast high, based on this estimate. Investors will be thrilled if GME’s share price rises to $11, which is the median consensus price. At that level, GME’s share price would be 54.19% above current price.
To see how Gamestop Corporation stock has been performing today in comparison to its peers in the industry, here are the numbers: GME stock’s performance was -1.60% at last check in today’s session, and 68.26% in the past year, while Apple Inc. (AAPL) has been trading -1.58%% in recent session and positioned 39.92% higher than it was a year ago. Another comparable company AT&T Inc. (T) saw its stock trading 1.13%% higher in today’s session but was up 61.44% in a year. Gamestop Corporation has a P/E ratio of 134.28, compared to Apple Inc.’s 37.84 and AT&T Inc.’s 18.58.
An evaluation of the daily trading volume of Gamestop Corporation (NYSE:GME) indicates that the 3-month average is 8.68 million.
Currently, records show that 446.80 million of the company’s shares remain outstanding. The insiders hold 8.49% of outstanding shares, whereas institutions hold 32.38%. However, since the stock’s price has seen -23.39% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
