Market Momentum Report: GameSquare Holdings Inc (GAME)’s Positive Close at 0.91

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The price of GameSquare Holdings Inc (NASDAQ: GAME) closed at $0.91 in the last session, up 1.64% from day before closing price of $0.90. In other words, the price has increased by $1.64 from its previous closing price. On the day, 80932.0 shares were traded. GAME stock price reached its highest trading level at $0.93 during the session, while it also had its lowest trading level at $0.88.

Ratios:

We take a closer look at GAME’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 0.72. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.06.

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, ROTH MKM on August 21, 2023, initiated with a Buy rating and assigned the stock a target price of $7.

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 Jun 21 ’24 when Kenna Justin bought 10,000 shares for $1.02 per share. The transaction valued at 10,200 led to the insider holds 115,321 shares of the business.

Schwartz Louis bought 10,000 shares of GAME for $10,200 on Jun 21 ’24. The President and Chairman now owns 244,630 shares after completing the transaction at $1.02 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GAME now has a Market Capitalization of 29852148 and an Enterprise Value of 42818996. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.509 whereas that against EBITDA is -1.892.

Stock Price History:

Over the past 52 weeks, GAME has reached a high of $2.25, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is 12.31%, while the 200-Day Moving Average is calculated to be -22.91%.

Shares Statistics:

According to the various share statistics, GAME traded on average about 300.52K shares per day over the past 3-months and 232450 shares per day over the past 10 days. A total of 12.99M shares are outstanding, with a floating share count of 8.30M. Insiders hold about 36.12% of the company’s shares, while institutions hold 24.32% stake in the company. Shares short for GAME as of 1730332800 were 811136 with a Short Ratio of 2.30, compared to 1727654400 on 573319. Therefore, it implies a Short% of Shares Outstanding of 811136 and a Short% of Float of 4.64.

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