There’s Something Awry at Gamestop Corporation (NYSE:GME) Since Share Price Gets Ahead of Fundamentals

The stock of Gamestop Corporation (NYSE:GME) last traded at $13.64, up 4.84% from the previous session.

Data from the available sources indicates that Gamestop Corporation (NYSE:GME) is covered by 2 analysts. 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 $6.00, we find $18.75. Given the previous closing price of $13.01, this indicates a potential upside of 44.12 percent. GME stock price is now -15.25% away from the 50-day moving average and -32.24% away from the 200-day moving average. The market capitalization of the company currently stands at $4.16B.

In total, 1 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $14.92 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 Corporation (NYSE: GME).

In other news, Robinson Mark Haymond, General Counsel and Secretary sold 11,966 shares of the company’s stock on Oct 12. The stock was sold for $185,234 at an average price of $15.48. Upon completion of the transaction, the General Counsel and Secretary now directly owns 69,377 shares in the company, valued at $0.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02, General Counsel and Secretary Robinson Mark Haymond sold 4,220 shares of the business’s stock. A total of $65,030 was realized by selling the stock at an average price of $15.41. This leaves the insider owning 81,343 shares of the company worth $1.11 million. Insiders disposed of 138,851 shares of company stock worth roughly $1.89 million over the past 1 year. A total of 12.85% of the company’s stock is owned by insiders.

With an opening price of $13.37 on Thursday morning, Gamestop Corporation (NYSE: GME) set off the trading day. During the past 12 months, Gamestop Corporation has had a low of $12.59 and a high of $28.75. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 1.87, and a quick ratio of 1.24. The fifty day moving average price for GME is $16.03 and a two-hundred day moving average price translates $20.09 for the stock.

The latest earnings results from Gamestop Corporation (NYSE: GME) was released for Jul, 2023. According to the Specialty Retail Company, earnings per share came in at -$0.03, beating analysts’ expectations of -$0.14 by 0.11. This compares to -$0.36 EPS in the same period last year. The net profit margin was -1.72% and return on equity was -7.65% for GME. The company reported revenue of $1.16 billion for the quarter, compared to $1.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.45 percent. For the current quarter, analysts expect GME to generate $1.18B in revenue.

Gamestop Corporation(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.

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