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GameStop Corp. (NYSE: GME) Have Dipped -9.21% YTD, Predicting What Happens Next In

GameStop Corp. (NYSE:GME)’s traded shares stood at 4.08 million during the last session, with the company’s beta value hitting -0.17. At the close of trading, the stock’s price was $16.76, to imply an increase of 5.08% or $0.81 in intraday trading. The GME share’s 52-week high remains $49.85, putting it -197.43% down since that peak but still an impressive 8.05% since price per share fell to its 52-week low of $15.41. The company has a valuation of $5.18B, with an average of 2.97 million shares in intraday trading volume over the past 10 days and average of 4.40 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Underweight for GameStop Corp. (GME), translating to a mean rating of 4.00. Of 2 analyst(s) looking at the stock, 1 analyst(s) give GME a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.13.

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GameStop Corp. (NYSE:GME) trade information

After registering a 5.08% upside in the last session, GameStop Corp. (GME) has traded red over the past five days. The stock hit a weekly high of 17.77 this Thursday, 03/16/23, jumping 5.08% in its intraday price action. The 5-day price performance for the stock is -4.34%, and -15.65% over 30 days. With these gigs, the year-to-date price performance is -9.21%. Short interest in GameStop Corp. (NYSE:GME) saw shorts transact 60.34 million shares and set a 12.08 days time to cover.

Analysts on Wall Street suggest a consensus price target of $12.65, implying a decrease of -32.49% to the stock’s current value. The extremes give us $5.30 and $20.00 for target low and target high price respectively. As such, GME has been trading -19.33% off suggested target high and 68.38% from its likely low.

GameStop Corp. (GME) estimates and forecasts

Looking at statistics comparing GameStop Corp. share performance against respective industry, we note that the company has underperformed competitors. GameStop Corp. (GME) shares are -40.42% down over the last 6 months, with its year-to-date growth rate lower than industry average at -17.54% against -14.60%. Revenue is forecast to grow 71.70% this quarter before jumping 75.00% for the next one. The rating firms project that company’s revenue will shrink -2.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is $2.18 billion. Meanwhile, for the quarter ending Apr 2023, a total of 3 analyst(s) estimate revenue growth to $1.36 billion.Earnings reports from the last fiscal year show that sales brought in $2.25 billion and $1.38 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -3.30% before dropping -1.30% in the following quarter.

GME Dividends

GameStop Corp. has its next earnings report out between May 30 and June 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. GameStop Corp. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

GameStop Corp. (NYSE:GME)’s Major holders

GameStop Corp. insiders hold 15.62% of total outstanding shares, with institutional holders owning 27.00% of the shares at 32.00% float percentage. In total, 27.00% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 24.16 million shares (or 7.93% of shares), all amounting to roughly $607.23 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 20.96 million shares, or about 6.88% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $526.65 million.

We also have iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the GameStop Corp. (GME) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Midcap ETF holds roughly 7.8 million shares. This is just over 2.56% of the total shares, with a market valuation of $144.04 million. Data from the same date shows that the other fund manager holds a little less at 7.75 million, or 2.55% of the shares, all valued at about 194.81 million.

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