For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Gamestop Corporation (NYSE: GME) was $31.65 for the day, up 3.23% from the previous closing price of $30.66. In other words, the price has increased by $3.23 from its previous closing price. On the day, 7.4 million shares were traded. GME stock price reached its highest trading level at $32.14 during the session, while it also had its lowest trading level at $30.5659.
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 4.36 and its Current Ratio is at 5.11. In the meantime, Its Debt-to-Equity ratio is 0.10 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, 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 14141219840 and an Enterprise Value of 7815203328. As of this moment, Gamestop’s Price-to-Earnings (P/E) ratio for their current fiscal year is 177.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.37 while its Price-to-Book (P/B) ratio in mrq is 2.94. Its current Enterprise Value per Revenue stands at 1.717 whereas that against EBITDA is 165.576.
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 15.90%, while the 200-Day Moving Average is calculated to be 40.27%.
Shares Statistics:
GME traded an average of 10.57M shares per day over the past three months and 10666340 shares per day over the past ten days. A total of 446.80M shares are outstanding, with a floating share count of 407.07M. Insiders hold about 8.89% of the company’s shares, while institutions hold 28.34% stake in the company. Shares short for GME as of 1732838400 were 32404004 with a Short Ratio of 2.94, compared to 1730332800 on 35943712. Therefore, it implies a Short% of Shares Outstanding of 32404004 and a Short% of Float of 8.7.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 9.52.
