In last trading session, Gamestop Corporation (NYSE:GME) saw 5.25 million shares changing hands with its beta currently measuring -0.15. Company’s recent per share price level of $21.22 trading at -$0.19 or -0.89% at ring of the bell on the day assigns it a market valuation of $9.05B. That closing price of GME’s stock is at a discount of -205.51% from its 52-week high price of $64.83 and is indicating a premium of 53.11% from its 52-week low price of $9.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.69 million shares which gives us an average trading volume of 8.85 million if we extend that period to 3-months.
For Gamestop Corporation (GME), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 4.50. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.03 in the current quarter.
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Gamestop Corporation (NYSE:GME) trade information
Upright in the red during last session for losing -0.89%, in the last five days GME remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $21.22 price level, adding 2.44% to its value on the day. Gamestop Corporation’s shares saw a change of 21.05% in year-to-date performance and have moved 1.87% in past 5-day. Gamestop Corporation (NYSE:GME) showed a performance of 8.76% in past 30-days. Number of shares sold short was 38.13 million shares which calculate 2.74 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 18 to the stock, which implies a fall of -17.89% to its current value. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 25. It follows that stock’s current price would jump 48.16% in reaching the projected high whereas dropping to the targeted low would mean a gain of 48.16% for stock’s current value.
Gamestop Corporation (GME) estimates and forecasts
Statistics highlight that Gamestop Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company added 103.65% of value to its shares in past 6 months, showing an annual growth rate of -83.33% while that of industry is 7.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -22.90% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 887.7M for the same. And 2 analysts are in estimates of company making revenue of 1.5B in the next quarter.
Gamestop Corporation (NYSE:GME)’s Major holders
Insiders are in possession of 8.49% of company’s total shares while institution are holding 22.14 percent of that, with stock having share float percentage of 24.19%. Investors also watch the number of corporate investors in a company very closely, which is 22.14% institutions for Gamestop Corporation that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at GME for having 29.7 million shares of worth $733.26 million. And as of 2024-06-30, it was holding 9.7086 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 22.6 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.3878 of outstanding shares, having a total worth of $557.98 million.
On the other hand, iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 12.1 shares of worth $256.72 million or 2.84% of the total outstanding shares. The later fund manager was in possession of 9.99 shares on Jun 30, 2024 , making its stake of worth around $212.07 million in the company or a holder of 2.34% of company’s stock.
