In recent trading session, Gamestop Corporation (NYSE:GME) saw 0.95 million shares changing hands at last check today with its beta currently measuring -0.06. Company’s recent per share price level of $30.55 trading at -$0.34 or -1.10% at last check today assigns it a market valuation of $13.03B. That most recent trading price of GME’s stock is at a discount of -112.21% from its 52-week high price of $64.83 and is indicating a premium of 67.43% 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 14.15 million shares which gives us an average trading volume of 10.56 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 -1.10%, in the last five days GME remained trading in the green while hitting it’s week-highest on Tuesday, 11/26/24 when the stock touched $30.55 price level, adding 4.89% to its value on the day. Gamestop Corporation’s shares saw a change of 74.27% in year-to-date performance and have moved 9.81% in past 5-day. Gamestop Corporation (NYSE:GME) showed a performance of 31.23% in past 30-days. Number of shares sold short was 31.87 million shares which calculate 3.51 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 -69.72% to its recent value today. 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 63.99% in reaching the projected high whereas dropping to the targeted low would mean a gain of 63.99% 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 32.02% of value to its shares in past 6 months, showing an annual growth rate of -83.33% while that of industry is 1.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -22.87% 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 887.68M for the same. And 2 analysts are in estimates of company making revenue of 1.5B in the next quarter. Company posted 1.08B and 1.79B of sales in current and next quarters respectively a year earlier.
Gamestop Corporation (NYSE:GME)’s Major holders
Insiders are in possession of 8.49% of company’s total shares while institution are holding 28.64 percent of that, with stock having share float percentage of 31.30%. Investors also watch the number of corporate investors in a company very closely, which is 28.64% 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, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 9.99 shares of worth $305.81 million or 2.34% of the total outstanding shares. The later fund manager was in possession of 9.6 shares on Sep 30, 2024 , making its stake of worth around $293.83 million in the company or a holder of 2.25% of company’s stock.
