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The price of Gamestop Corporation (NYSE: GME) closed at $22.63 in the last session, up 1.43% from day before closing price of $22.31. In other words, the price has increased by $1.43 from its previous closing price. On the day, 12.04 million shares were traded. GME stock price reached its highest trading level at $22.72 during the session, while it also had its lowest trading level at $21.54.
Ratios:
We take a closer look at GME’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 08 ’24 when Cheng Lawrence bought 4,140 shares for $24.85 per share. The transaction valued at 102,879 led to the insider holds 69,228 shares of the business.
Moore Daniel William sold 403 shares of GME for $9,443 on Jul 02 ’24. The PFO and PAO now owns 39,252 shares after completing the transaction at $23.43 per share. On Jul 02 ’24, another insider, Robinson Mark Haymond, who serves as the General Counsel and Secretary of the company, sold 565 shares for $23.43 each. As a result, the insider received 13,239 and left with 59,594 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 10104521728 and an Enterprise Value of 5981212160. As of this moment, Gamestop’s Price-to-Earnings (P/E) ratio for their current fiscal year is 175.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.12 while its Price-to-Book (P/B) ratio in mrq is 2.20. Its current Enterprise Value per Revenue stands at 1.314 whereas that against EBITDA is 126.721.
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 0.18%, while the 200-Day Moving Average is calculated to be 20.06%.
Shares Statistics:
According to the various share statistics, GME traded on average about 12.49M shares per day over the past 3-months and 16640800 shares per day over the past 10 days. A total of 426.51M shares are outstanding, with a floating share count of 388.53M. Insiders hold about 8.90% of the company’s shares, while institutions hold 22.86% stake in the company. Shares short for GME as of 1724976000 were 35551855 with a Short Ratio of 2.85, compared to 1722384000 on 37925649. Therefore, it implies a Short% of Shares Outstanding of 35551855 and a Short% of Float of 10.09.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 9.52.
