As of close of business last night, Gamestop Corporation’s stock clocked out at $10.06, down -6.59% from its previous closing price of $10.77. On the day, 5060372 shares were traded.
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 1.44 and its Current Ratio is at 2.11. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.30.
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 Apr 08 ’24 when Cheng Lawrence bought 10,000 shares for $11.22 per share. The transaction valued at 112,238 led to the insider holds 65,088 shares of the business.
Moore Daniel William sold 526 shares of GME for $5,918 on Apr 08 ’24. The PFO and PAO now owns 21,385 shares after completing the transaction at $11.25 per share. On Apr 02 ’24, another insider, Robinson Mark Haymond, who serves as the General Counsel and Secretary of the company, sold 4,379 shares for $11.61 each. As a result, the insider received 50,835 and left with 64,308 shares of the company.
Valuation Measures:
As of this moment, Gamestop’s Price-to-Earnings (P/E) ratio for their current fiscal year is 474.53, and their Forward P/E ratio for the next fiscal year is 154.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58 while its Price-to-Book (P/B) ratio in mrq is 2.30.
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 $10.73.
Shares Statistics:
A total of 305.70M shares are outstanding, with a floating share count of 266.65M. Insiders hold about 12.82% of the company’s shares, while institutions hold 29.37% stake in the company.
Earnings Estimates
As of right now, GameStop Corporation analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $153.70, with high estimates of $206.23 and low estimates of $42.69.
Analysts are recommending an EPS of between $Financial Services and $Consumer Cyclical for the fiscal current year, implying an average EPS of $Industrials.
