The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
As of close of business last night, Gamestop Corporation’s stock clocked out at $27.27, down -6.13% from its previous closing price of $29.05. In other words, the price has decreased by -$6.13 from its previous closing price. On the day, 13.47 million shares were traded. GME stock price reached its highest trading level at $29.365 during the session, while it also had its lowest trading level at $26.7499.
Ratios:
To gain a deeper understanding of GME’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.52 and its Current Ratio is at 6.23. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.08.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 11 ’24 when Moore Daniel William sold 2,624 shares for $21.00 per share. The transaction valued at 55,115 led to the insider holds 32,280 shares of the business.
Robinson Mark Haymond sold 11,000 shares of GME for $229,066 on Oct 10 ’24. The General Counsel and Secretary now owns 43,927 shares after completing the transaction at $20.82 per share. On Oct 11 ’24, another insider, Daniel Moore, who serves as the Officer of the company, bought 2,624 shares for $21.00 each.
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 12176328704 and an Enterprise Value of 7960216576. As of this moment, Gamestop’s Price-to-Earnings (P/E) ratio for their current fiscal year is 211.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.40 while its Price-to-Book (P/B) ratio in mrq is 2.65. Its current Enterprise Value per Revenue stands at 1.749 whereas that against EBITDA is 168.649.
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 15.07%, while the 200-Day Moving Average is calculated to be 30.67%.
Shares Statistics:
It appears that GME traded 10.65M shares on average per day over the past three months and 13546110 shares per day over the past ten days. A total of 426.50M shares are outstanding, with a floating share count of 388.58M. Insiders hold about 8.89% of the company’s shares, while institutions hold 29.59% stake in the company. Shares short for GME as of 1731628800 were 31866496 with a Short Ratio of 2.99, compared to 1728950400 on 35962132. Therefore, it implies a Short% of Shares Outstanding of 31866496 and a Short% of Float of 8.559999999999999.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 9.52.
