A correction may be in store for GameSquare Holdings Inc (NASDAQ:GAME) shares?

GameSquare Holdings Inc (NASDAQ: GAME) closed the day trading at $1.38 up 3.76% from the previous closing price of $1.33. In other words, the price has increased by $+0.0500 from its previous closing price. On the day, 99058 shares were traded.

Ratios:

For a better understanding of GAME, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.56 and its Current Ratio is at 0.56. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.10.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH MKM on August 21, 2023, initiated with a Buy rating and assigned the stock a target price of $7.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GAME now has a Market Capitalization of 37.95M and an Enterprise Value of 45.96M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at 1.15 whereas that against EBITDA is -1.90.

Stock Price History:

Over the past 52 weeks, GAME has reached a high of $7.96, while it has fallen to a 52-week low of $1.23. The 50-Day Moving Average of the stock is 1.5079, while the 200-Day Moving Average is calculated to be 2.1184.

Shares Statistics:

Over the past 3-months, GAME traded about 88.49K shares per day on average, while over the past 10 days, GAME traded about 95.76k shares per day. A total of 12.99M shares are outstanding, with a floating share count of 6.44M. Insiders hold about 50.41% of the company’s shares, while institutions hold 9.73% stake in the company. Shares short for GAME as of Mar 15, 2024 were 196.93k with a Short Ratio of 0.60, compared to 31.15k on Feb 15, 2024.

Earnings Estimates

Current recommendations for the stock of the company come from 1 analysts. On average, analysts expect EPS of -$0.23 for the current quarter, with a high estimate of -$0.23 and a low estimate of -$0.23, while EPS last year was -$1.03. The consensus estimate for the next quarter is -$0.26, with high estimates of -$0.26 and low estimates of -$0.26.

Analysts are recommending an EPS of between -$1.93 and -$1.93 for the fiscal current year, implying an average EPS of -$1.93. EPS for the following year is -$0.2, with 1 analysts recommending between -$0.2 and -$0.2.

Revenue Estimates

Based on 1 analysts’ estimates, the company’s revenue will be $117.2M in the next fiscal year. The high estimate is $117.2M and the low estimate is $117.2M. The average revenue growth estimate for next year is up 93.30% from the average revenue estimate for this year.

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