Gamestop Corporation (NYSE:GME) – Investors View The Stock Differently Today

ZM Stock

In today’s recent session, 1.63 million shares of the Gamestop Corporation (NYSE:GME) have been traded, and its beta is -0.16. Most recently the company’s share price was $10.19, and it changed around -$0.23 or -2.22% from the last close, which brings the market valuation of the company to $3.12B. GME at last check was trading at a discount to its 52-week high of $27.65, offering almost -171.34% off that amount. The share price’s 52-week low was $9.95, which indicates that the recent value has risen by an impressive 2.36% since then. We note from Gamestop Corporation’s average daily trading volume that its 3-month average coming to 3.92 million.

Gamestop Corporation stock received a consensus recommendation rating of Hold, based on a mean score of 4.50. If we narrow it down even further, the data shows that 1 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 7 recommended GME as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Gamestop Corporation is expected to report earnings per share of -$0.09 for the current quarter.

Gamestop Corporation (NYSE:GME) trade information

Instantly GME has been showing red trend so far today with a performance of -2.22% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -41.88% year-to-date, but still up 1.27% over the last five days. On the other hand, Gamestop Corporation (NYSE:GME) is -25.42% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $15.3, which translates to bulls needing to increase their stock price by 33.4% from its current value. Analyst projections state that GME is forecast to be at a low of $5.6 and a high of $25.

Gamestop Corporation (GME) estimates and forecasts

Gamestop Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -22.58 percent over the past six months and at a -83.33% annual growth rate that is well below the industry average of -5.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 35.70% in revenue this quarter, and will report a decrease of -33.30% in the next quarter. The year-over-year growth rate is expected to be -9.10%, down from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $1.05 billion in revenue for the current quarter. 2 analysts expect Gamestop Corporation to make $1.04 billion in revenue for the quarter ending Jul 2024.