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The closing price of Gamestop Corporation (NYSE: GME) was $20.70 for the day, down -2.45% from the previous closing price of $21.22. In other words, the price has decreased by -$2.45 from its previous closing price. On the day, 3.91 million shares were traded. GME stock price reached its highest trading level at $21.2166 during the session, while it also had its lowest trading level at $20.66.
Ratios:
Our analysis of GME’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 9242758144 and an Enterprise Value of 5379833344. As of this moment, Gamestop’s Price-to-Earnings (P/E) ratio for their current fiscal year is 160.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94 while its Price-to-Book (P/B) ratio in mrq is 2.01. Its current Enterprise Value per Revenue stands at 1.182 whereas that against EBITDA is 113.98.
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 -4.55%, while the 200-Day Moving Average is calculated to be 7.14%.
Shares Statistics:
GME traded an average of 8.67M shares per day over the past three months and 4485000 shares per day over the past ten days. A total of 426.51M shares are outstanding, with a floating share count of 388.58M. Insiders hold about 8.89% of the company’s shares, while institutions hold 22.89% stake in the company. Shares short for GME as of 1727654400 were 38133807 with a Short Ratio of 4.40, compared to 1724976000 on 35551855. Therefore, it implies a Short% of Shares Outstanding of 38133807 and a Short% of Float of 10.24.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 9.52.
