In the latest session, Gamestop Corporation (NYSE: GME) closed at $10.83 down -3.73% from its previous closing price of $11.25. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 3628702 shares were traded.
Ratios:
For a deeper understanding of Gamestop Corporation’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 02 ’24 when Robinson Mark Haymond sold 4,379 shares for $11.61 per share. The transaction valued at 50,835 led to the insider holds 64,308 shares of the business.
Moore Daniel William sold 1,052 shares of GME for $12,212 on Apr 02 ’24. The PFO and PAO now owns 21,911 shares after completing the transaction at $11.61 per share. On Oct 12 ’23, another insider, Robinson Mark Haymond, who serves as the General Counsel and Secretary of the company, sold 11,966 shares for $15.48 each. As a result, the insider received 185,234 and left with 69,377 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 3.31B and an Enterprise Value of 2.72B. As of this moment, Gamestop’s Price-to-Earnings (P/E) ratio for their current fiscal year is 510.85, and their Forward P/E ratio for the next fiscal year is 166.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.63 while its Price-to-Book (P/B) ratio in mrq is 2.47. Its current Enterprise Value per Revenue stands at 0.52 whereas that against EBITDA is 102.49.
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 $10.90. The 50-Day Moving Average of the stock is 13.91, while the 200-Day Moving Average is calculated to be 16.50.
Shares Statistics:
For the past three months, GME has traded an average of 3.89M shares per day and 8.66M over the past ten days. A total of 305.70M shares are outstanding, with a floating share count of 266.61M. Insiders hold about 12.84% of the company’s shares, while institutions hold 29.33% stake in the company. Shares short for GME as of Mar 15, 2024 were 59.55M with a Short Ratio of 15.33, compared to 60.19M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 19.48% and a Short% of Float of 22.16%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 9.52. The current Payout Ratio is 0.00% for GME, which recently paid a dividend on Jun 26, 2018 with an ex-dividend date of Mar 14, 2019. Stock splits for the company last occurred on Mar 19, 2007 when the company split stock in a 2:1 ratio.
Earnings Estimates
There are 2 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.1, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.02 and low estimates of -$0.06.
Analysts are recommending an EPS of between $0.01 and $0.01 for the fiscal current year, implying an average EPS of $0.01. EPS for the following year is $0.06, with 2 analysts recommending between $0.1 and $0.03.
Revenue Estimates
A total of 2 analysts have provided revenue estimates for GME’s current fiscal year. The highest revenue estimate was $4.99B, while the lowest revenue estimate was $4.6B, resulting in an average revenue estimate of $4.79B. In the same quarter a year ago, actual revenue was $5.27B, down -9.10% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $4.57B in the next fiscal year. The high estimate is $4.99B and the low estimate is $4.15B. The average revenue growth estimate for next year is down -4.60% from the average revenue estimate for this year.
