In yesterday’s Wall Street session, GameStop Corp. (NYSE:GME) shares traded at $24.90, up 2.68% from the previous session.
2 analysts cover GameStop Corp. (NYSE:GME), according to research data. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $6.20, we find $13.10. Given the previous closing price of $24.25, this indicates a potential downside of -45.98 percent. GME stock price is now 10.68% away from the 50-day moving average and 10.18% away from the 200-day moving average. The market capitalization of the company currently stands at $7.61B.
The stock has received a hold rating from 1 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $13.10 as their price target over the next twelve months.
With the price target reduced from $6.50 to $6.20, Wedbush maintained Underperform rating for GameStop Corp. (NYSE: GME).
In other news, Cohen Ryan, Executive Chairman bought 443,842 shares of the company’s stock on Jun 09. The stock was bought for $10,000,392 at an average price of $22.53. Upon completion of the transaction, the Executive Chairman now directly owns 36,847,842 shares in the company, valued at $917.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09, Director Attal Alain bought 10,000 shares of the business’s stock. A total of $224,000 was incurred on buying the stock at an average price of $22.40. This leaves the insider owning 538,692 shares of the company worth $13.41 million. Insiders disposed of 2,302 shares of company stock worth roughly $57319.799999999996 over the past 1 year. A total of 15.54% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GME stock. A new stake in GameStop Corp. shares was purchased by D. E. SHAW & CO., INC. during the first quarter worth $29,412,000. NORGES BANK invested $26,324,000 in shares of GME during the first quarter. In the first quarter, CADIAN CAPITAL MANAGEMENT, LP acquired a new stake in GameStop Corp. valued at approximately $3,737,000. SOUTHPOINT CAPITAL ADVISORS LP acquired a new stake in GME for approximately $2,491,000. BAYESIAN CAPITAL MANAGEMENT, LP purchased a new stake in GME valued at around $1,861,000 in the second quarter. In total, there are 345 active investors with 26.00% ownership of the company’s stock.
On Monday morning GameStop Corp. (NYSE: GME) stock kicked off with the opening price of $24.29. During the past 12 months, GameStop Corp. has had a low of $15.41 and a high of $47.99. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.70, and a quick ratio of 1.10. The fifty day moving average price for GME is $22.59 and a two-hundred day moving average price translates $22.58 for the stock.
The latest earnings results from GameStop Corp. (NYSE: GME) was released for Apr, 2023. According to the Specialty Retail Company, earnings per share came in at -$0.14, missing analysts’ expectations of -$0.12 by -0.02. This compares to -$0.52 EPS in the same period last year. The net profit margin was -3.60% and return on equity was -15.90% for GME. The company reported revenue of $1.24 billion for the quarter, compared to $1.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.25 percent. For the current quarter, analysts expect GME to generate $1.14B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/29/2019. Investors who held shares on 03/15/2019 were paid a $0.38 dividend.
GameStop Corp.(GME) Company Profile
GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. It also sells collectibles comprising apparel, toys, trading cards, gadgets, and other retail products for pop culture and technology enthusiasts, as well as engages in the digital asset wallet and NFT marketplace activities. The company operates stores and ecommerce sites under the GameStop, EB Games, and Micromania brands; and pop culture themed stores that sell collectibles, apparel, gadgets, electronics, toys, and other retail products under the Zing Pop Culture brand, as well as offers Game Informer magazine, a print and digital gaming publication. The company was formerly known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is headquartered in Grapevine, Texas.
