In yesterday’s Wall Street session, Gamestop Corporation (NYSE:GME) shares traded at $20.71, down -0.91% from the previous session.
GME stock price is now -4.90% away from the 50-day moving average and 8.17% away from the 200-day moving average. The market capitalization of the company currently stands at $8.83B.
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, Daniel Moore, Officer bought 2,376 shares of the company’s stock on Oct 07 ’24. The stock was bought for $51,092 at an average price of $21.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02 ’24, PFO and PAO Moore Daniel William sold 1,972 shares of the business’s stock. A total of $43,310 was realized by selling the stock at an average price of $21.96. This leaves the insider owning 37,280 shares of the company worth $0.77 million. A total of 8.90% of the company’s stock is owned by insiders.
During the past 12 months, Gamestop Corporation has had a low of $9.95 and a high of $64.83. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 6.23, and a quick ratio of 5.52. The fifty day moving average price for GME is $21.7764 and a two-hundred day moving average price translates $19.1456 for the stock.
The latest earnings results from Gamestop Corporation (NYSE: GME) was released for 2024-08-03. The net profit margin was 0.93% and return on equity was 1.50% for GME. The company reported revenue of $798.3 million for the quarter, compared to $1.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.41 percent.
