Gamestop Corporation (NYSE:GME) has a beta value of -0.07 and has seen 24.42 million shares traded in the last trading session. The company, currently valued at $12.94B, closed the last trade at $30.33 per share which meant it gained $0.66 on the day or 2.22% during that session. The GME stock price is -113.75% off its 52-week high price of $64.83 and 67.19% above the 52-week low of $9.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 14.14 million shares traded. The 3-month trading volume is 10.12 million shares.
The consensus among analysts is that Gamestop Corporation (GME) is Hold stock at the moment, with a recommendation rating of 4.50. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 8 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.03.
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Gamestop Corporation (NYSE:GME) trade information
Sporting 2.22% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GME stock price touched $30.33 or saw a rise of 5.57%. Year-to-date, Gamestop Corporation shares have moved 73.02%, while the 5-day performance has seen it change 10.01%. Over the past 30 days, the shares of Gamestop Corporation (NYSE:GME) have changed 33.44%. Short interest in the company has seen 35.94 million shares shorted with days to cover at 6.14.
Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could drop -68.5% from current levels. The projected low price target is $11.0 while the price target rests at a high of $25.0. In that case, then, we find that the current price level is 17.57% off the targeted high while a plunge would see the stock lose 63.73% from current levels.
Gamestop Corporation (GME) estimates and forecasts
Figures show that Gamestop Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained 42.80% over the past 6 months, with this year growth rate of -83.33%, compared to 1.70% for the industry. Revenue growth from the last financial year stood is estimated to be -22.87%.
2 analysts offering their estimates for the company have set an average revenue estimate of 887.68M for the current quarter. 2 have an estimated revenue figure of 1.5B for the next ending quarter. Year-ago sales stood 1.08B and 1.79B respectively for this quarter and the next, and analysts expect sales will shrink by -17.68% for the current quarter and -22.87% for the next.
GME Dividends
Gamestop Corporation is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Gamestop Corporation (NYSE:GME)’s Major holders
Insiders own 8.49% of the company shares, while shares held by institutions stand at 28.63% with a share float percentage of 31.29%. Investors are also buoyed by the number of investors in a company, with Gamestop Corporation having a total of 394.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 29.7 million shares worth more than $733.26 million. As of 2024-06-30, VANGUARD GROUP INC held 9.7086% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 22.6 million shares as of 2024-06-30. The firm’s total holdings are worth over $557.98 million and represent 7.3878% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 2.84% shares in the company for having 12.1 shares of worth $366.94 million while later fund manager owns 9.99 shares of worth $303.11 million as of Jun 30, 2024 , which makes it owner of about 2.34% of company’s outstanding stock.
