Gamestop Corporation (NYSE:GME) shares, rose in value on Wednesday, March 26, with the stock price up by 11.65% to the previous day’s close as strong demand from buyers drove the stock to $28.36.
Actively observing the price movement in the last trading, the stock closed the session at $25.40, falling within a range of $27.33 and $29.8. The PE ratio was 106.78 over 12-month period. Referring to stock’s 52-week performance, its high was $64.83, and the low was $9.95. On the whole, GME has fluctuated by 16.13% over the past month.
With the market capitalization of Gamestop Corporation currently standing at about $12.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-24.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GME’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 8.54, with the price of GME currently trading nearly 17.76% and 10.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.84, while the 7-day volatility ratio is showing 4.48% which for the 30-day chart, stands at 4.26%. Furthermore, Gamestop Corporation (GME)’s beta value is -0.55, and its average true range (ATR) is 1.30.
A comparison of Gamestop Corporation (GME) with its peers suggests the former has fared considerably weaker in the market. GME showed an intraday change of 11.65% in last session, and over the past year, it grew by 116.49%%.
Data on historical trading for Gamestop Corporation (NYSE:GME) indicates that the trading volumes over the past 10 days have averaged 4.27 and over the past 3 months, they’ve averaged 6.12 million. According to company’s latest data on outstanding shares, there are 447.00 million shares outstanding.
Nearly 8.49% of Gamestop Corporation’s shares belong to company insiders and institutional investors own 32.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 28.26 million shares as on 2025-03-14, resulting in a short ratio of 5.55. According to the data, the short interest in Gamestop Corporation (GME) stood at 758.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 27.72 million. The stock has fallen by -9.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GME stock heading into the next quarter.
