During the recent session, Gamestop Corporation (NYSE:GME)’s traded shares were 1.89 million, with the beta value of the company hitting -0.09. At the last check today, the stock’s price was $28.00, reflecting an intraday gain of 0.66% or $0.18. The 52-week high for the GME share is $64.83, that puts it down -131.54 from that peak though still a striking 64.46% gain since the share price plummeted to a 52-week low of $9.95. The company’s market capitalization is $11.94B, and the average intraday trading volume over the past 10 days was 16.28 million shares, and the average trade volume was 9.91 million shares over the past three months.
Gamestop Corporation (GME) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 4.50. GME has a Sell rating from 1 analyst(s) out of 8 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.03.
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Gamestop Corporation (NYSE:GME) trade information
Gamestop Corporation (GME) registered a 0.66% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.66% in intraday trading to $28.00, hitting a weekly high. The stock’s 5-day price performance is 5.32%, and it has moved by 35.74% in 30 days. Based on these gigs, the overall price performance for the year is 127.86%. The short interest in Gamestop Corporation (NYSE:GME) is 35.94 million shares and it means that shorts have 6.14 day(s) to cover.
The consensus price target of analysts on Wall Street is $18, which implies a decrease of -55.56% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $25 respectively. As a result, GME is trading at a premium of 10.71% off the target high and 60.71% off the low.
Gamestop Corporation (GME) estimates and forecasts
Statistics show that Gamestop Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Gamestop Corporation (GME) shares have gone up 47.39% during the last six months, with a year-to-date growth rate less than the industry average at -83.33% against 1.80. In the rating firms’ projections, revenue will decrease -22.87% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 887.68M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 1.5B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.08B and 1.79B respectively. In this case, analysts expect current quarter sales to shrink by -17.68% and then drop by -16.41% in the coming quarter.
While earnings are projected to return -150.00% in 2024.
GME Dividends
Gamestop Corporation is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 9.52%.
Gamestop Corporation (NYSE:GME)’s Major holders
Gamestop Corporation insiders own 8.49% of total outstanding shares while institutional holders control 28.56%, with the float percentage being 31.22%. VANGUARD GROUP INC is the largest shareholder of the company, while 392.0 institutions own stock in it. As of 2024-06-30, the company held over 29.7 million shares (or 9.7086% of all shares), a total value of $733.26 million in shares.
The next largest institutional holding, with 22.6 million shares, is of BLACKROCK INC.’s that is approximately 7.3878% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $557.98 million.
Also, the Mutual Funds coming in first place with the largest holdings of Gamestop Corporation (GME) shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 30, 2024 indicates that iShares Core S&P Midcap ETF owns about 12.1 shares. This amounts to just over 2.84 percent of the company’s overall shares, with a $338.63 million market value. The same data shows that the other fund manager holds slightly less at 9.99, or about 2.34% of the stock, which is worth about $279.73 million.
