The closing price of Gamestop Corporation (NYSE: GME) was $13.41 for the day, down -3.59% from the previous closing price of $13.91. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 3883258 shares were traded.
Ratios:
Our analysis of GME’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.40. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.33.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 12 ’23 when Robinson Mark Haymond sold 11,966 shares for $15.48 per share. The transaction valued at 185,234 led to the insider holds 69,377 shares of the business.
Robinson Mark Haymond sold 4,220 shares of GME for $65,030 on Oct 02 ’23. The General Counsel and Secretary now owns 81,343 shares after completing the transaction at $15.41 per share. On Oct 02 ’23, another insider, Moore Daniel William, who serves as the PAO and Interim PFO of the company, sold 686 shares for $15.41 each. As a result, the insider received 10,571 and left with 17,307 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 4.25B and an Enterprise Value of 3.65B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.72 while its Price-to-Book (P/B) ratio in mrq is 3.24. Its current Enterprise Value per Revenue stands at 0.64 whereas that against EBITDA is 429.93.
Stock Price History:
Over the past 52 weeks, GME has reached a high of $27.65, while it has fallen to a 52-week low of $11.82. The 50-Day Moving Average of the stock is 14.48, while the 200-Day Moving Average is calculated to be 17.32.
Shares Statistics:
GME traded an average of 3.12M shares per day over the past three months and 3.01M shares per day over the past ten days. A total of 304.60M shares are outstanding, with a floating share count of 266.30M. Insiders hold about 12.84% of the company’s shares, while institutions hold 29.36% stake in the company. Shares short for GME as of Feb 29, 2024 were 60.48M with a Short Ratio of 19.36, compared to 59.67M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 19.80% and a Short% of Float of 22.52%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 9.52.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of $0.29 for the current quarter, with a high estimate of $0.34 and a low estimate of $0.25, while EPS last year was $0.16. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.04 and low estimates of -$0.05.
Analysts are recommending an EPS of between $0.17 and $0.08 for the fiscal current year, implying an average EPS of $0.12. EPS for the following year is $0.12, with 2 analysts recommending between $0.19 and $0.04.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $2.1B to a low estimate of $2B. As of the current estimate, Gamestop Corporation’s year-ago sales were $2.23B, an estimated decrease of -7.90% from the year-ago figure.
A total of 2 analysts have provided revenue estimates for GME’s current fiscal year. The highest revenue estimate was $5.58B, while the lowest revenue estimate was $5.49B, resulting in an average revenue estimate of $5.53B. In the same quarter a year ago, actual revenue was $5.93B, down -6.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $5.2B in the next fiscal year. The high estimate is $5.4B and the low estimate is $5B. The average revenue growth estimate for next year is down -6.00% from the average revenue estimate for this year.
