The consensus among analysts is that GameStop Corp. (GME) is an Underweight stock at the moment, with a recommendation rating of 3.9. 3 analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 6 have rated it as a Hold, with no one of them advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.68.
GameStop Corp. (NYSE:GME) trade information
Despite being -1.48% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the GME stock price touched $188 or saw a rise of 7.66%. Year-to-date, GameStop Corp. shares have moved 821.39%, while the 5-day performance has seen it change 14.82%. Over the past 30 days, the shares of GameStop Corp. (NYSE:GME) have changed -10.73%. Short interest in the company has seen 11.11 Million shares shorted with days to cover at 0.24.
Wall Street analysts have a consensus price target for the stock at $48.17, which means that the shares’ value could jump -72.25% from current levels. The projected low price target is $10 while the price target rests at a high of $175. In that case, then, we find that the current price level is +0.81% off the targeted high while a plunge would see the stock lose -94.24% from current levels.
GameStop Corp. (GME) estimates and forecasts
Figures show that GameStop Corp. shares have outperformed across the wider relevant industry. The company’s shares have gained +1368.61% over the past 6 months, with this year growth rate of 70.56%, compared to 29.3% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 57.8% and 52.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be +5.1%.
7 analysts offering their estimates for the company have set an average revenue estimate of $1.13 Billion for the current quarter. 7 have an estimated revenue figure of $1.03 Billion for the next quarter concluding in July 01, 2021. Year-ago sales stood $1.07 Billion for this quarter, and analysts expect sales will grow by 5.7% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -23.5% over the past 5 years. Earnings growth for 2021 is a modest +37.8%.
GameStop Corp. (NYSE:GME)’s Major holders
Insiders own 19.42% of the company shares, while shares held by institutions stand at 108.72% with a share float percentage of 134.93%. Investors are also buoyed by the number of investors in a company, with GameStop Corp. having a total of 319 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 9.28 Million shares worth more than $174.76 Million. As of December 30, 2020, FMR, LLC held 13.11% of shares outstanding.
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The other major institutional holder is Blackrock Inc., with the holding of over 9.22 Million shares as of December 30, 2020. The firm’s total holdings are worth over $173.65 Million and represent 13.02% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of March 30, 2021, the former fund manager holds about 5.15% shares in the company for having 3645620 shares of worth $692.01 Million while later fund manager owns 1.47 Million shares of worth $27.66 Million as of December 30, 2020, which makes it owner of about 2.07% of company’s outstanding stock.