Gamestop Corporation (GME) Is Becoming Less Appealing To Investors After A -3.07% Fall

Gamestop Corporation (NYSE:GME) has a beta value of -0.26 and has seen 1.04 million shares traded in the recent trading session. The company, currently valued at $3.53B, closed the recent trade at $11.53 per share which meant it lost -$0.37 on the day or -3.07% during that session. The GME stock price is -139.81% off its 52-week high price of $27.65 and 13.7% above the 52-week low of $9.95. The 3-month trading volume is 4.05 million shares.

Gamestop Corporation (NYSE:GME) trade information

Sporting -3.07% in the red today, the stock has traded in the green over the last five days, when the GME stock price touched $11.53 or saw a rise of 5.41%. Year-to-date, Gamestop Corporation shares have moved -34.20%, while the 5-day performance has seen it change 15.23%. Over the past 30 days, the shares of Gamestop Corporation (NYSE:GME) have changed -7.87%.

Gamestop Corporation (GME) estimates and forecasts

Figures show that Gamestop Corporation shares have underperformed across the wider relevant industry. The company’s shares have lost -14.56% over the past 6 months, with this year growth rate of -83.33%, compared to -5.40% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 35.70% and -33.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be -9.10%.

2 analysts offering their estimates for the company have set an average revenue estimate of $1.05 billion for the current quarter. 2 have an estimated revenue figure of $1.04 billion for the next quarter concluding in Jul 2024.

GME Dividends

Gamestop Corporation is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.