Stocks of Gamestop Corporation (NYSE:GME) traded higher last session on Wall Street, down -4.94% to $12.52.
GME stock price is now -12.44% away from the 50-day moving average and -26.22% away from the 200-day moving average. The market capitalization of the company currently stands at $3.83B.
With the price target reduced from $6.50 to $6.20, Wedbush maintained Underperform rating for Gamestop Corporation (NYSE: GME). On April 12, 2021, Ascendiant Capital Markets Downgraded its previous ‘Hold’ rating to ‘Sell’ on the stock reducing its target price from $12 to quote $10, while ‘Telsey Advisory Group’ rates the stock as ‘Underperform’
In other news, Robinson Mark Haymond, General Counsel and Secretary sold 11,966 shares of the company’s stock on Oct 12 ’23. 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 $0.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02 ’23, 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 $1.02 million. A total of 12.84% of the company’s stock is owned by insiders.
During the past 12 months, Gamestop Corporation has had a low of $11.82 and a high of $27.65. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 2.11, and a quick ratio of 1.44. The fifty day moving average price for GME is $14.27 and a two-hundred day moving average price translates $16.91 for the stock.
The latest earnings results from Gamestop Corporation (NYSE: GME) was released for Feb, 2024. According to the Specialty Retail Company, earnings per share came in at $0.22, missing analysts’ expectations of $0.29 by -0.07. This compares to $0.16 EPS in the same period last year. The net profit margin was 0.13% and return on equity was 0.50% for GME. The company reported revenue of $1.79 billion for the quarter, compared to $2.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.44 percent. For the current quarter, analysts expect GME to generate $1.05B in revenue.
