Balance Sheet Dive: Gamestop Corporation (GME)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $25.59 in the prior trading day, Gamestop Corporation (NYSE: GME) closed at $23.93, down -6.49%. In other words, the price has decreased by -$6.49 from its previous closing price. On the day, 27.58 million shares were traded. GME stock price reached its highest trading level at $25.81 during the session, while it also had its lowest trading level at $23.51.

Ratios:

Our goal is to gain a better understanding of GME by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.42 and its Current Ratio is at 2.22. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.31.

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, Wedbush on June 08, 2023, Reiterated its Underperform rating but revised its target price to $6.20 from $6.50 previously.

On April 12, 2021, Ascendiant Capital Markets Downgraded its rating to Sell which previously was Hold and also lowered its target price recommendation from $12 to $10.

Telsey Advisory Group reiterated its Underperform rating for the stock on March 24, 2021, while the target price for the stock was revised from $33 to $30.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 13 ’24 when Robinson Mark Haymond sold 2,215 shares for $26.33 per share. The transaction valued at 58,326 led to the insider holds 48,408 shares of the business.

Robinson Mark Haymond sold 214 shares of GME for $3,105 on May 06 ’24. The General Counsel and Secretary now owns 50,623 shares after completing the transaction at $14.51 per share. On Apr 24 ’24, another insider, Moore Daniel William, who serves as the PFO and PAO of the company, sold 7,779 shares for $10.20 each. As a result, the insider received 79,362 and left with 13,606 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GME now has a Market Capitalization of 10199396352 and an Enterprise Value of 7910435328. As of this moment, Gamestop’s Price-to-Earnings (P/E) ratio for their current fiscal year is 293.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.07 while its Price-to-Book (P/B) ratio in mrq is 5.60. Its current Enterprise Value per Revenue stands at 1.609 whereas that against EBITDA is 223.459.

Stock Price History:

Over the past 52 weeks, GME has reached a high of $64.83, while it has fallen to a 52-week low of $9.95. The 50-Day Moving Average of the stock is 16.94%, while the 200-Day Moving Average is calculated to be 47.45%.

Shares Statistics:

The stock has traded on average 47.90M shares per day over the past 3-months and 108762680 shares per day over the last 10 days, according to various share statistics. A total of 426.22M shares are outstanding, with a floating share count of 388.31M. Insiders hold about 10.79% of the company’s shares, while institutions hold 20.66% stake in the company. Shares short for GME as of 1715731200 were 68391054 with a Short Ratio of 0.97, compared to 1713139200 on 59954492. Therefore, it implies a Short% of Shares Outstanding of 68391054 and a Short% of Float of 29.459998.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 9.52.

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