In today’s recent session, 52.97 million shares of the Gamestop Corporation (NYSE:GME) have been traded, and its beta is 0.15. Most recently the company’s share price was $34.26, and it changed around -$14.49 or -29.73% from the last close, which brings the market valuation of the company to $10.49B. GME at last check was trading at a discount to its 52-week high of $64.83, offering almost -89.23% off that amount. The share price’s 52-week low was $9.95, which indicates that the recent value has risen by an impressive 70.96% since then. We note from Gamestop Corporation’s average daily trading volume that its 3-month average coming to 13.35 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.
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Gamestop Corporation (NYSE:GME) trade information
Instantly GME has been showing red trend so far today with a performance of -29.73% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 95.41% year-to-date, but still up 115.17% over the last five days. On the other hand, Gamestop Corporation (NYSE:GME) is 230.33% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $15.3, which translates to bulls needing to decrease their stock price by -123.92% 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 risen 182.17 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.
