Gamestop Corporation (NYSE:GME)’s traded shares stood at 5.23 million during the latest session, with the company’s beta value hitting -0.03. At the last check today, the stock’s price was $28.25, to imply a decrease of -1.31% or -$0.38 in intraday trading. The GME share’s 52-week high remains $64.83, putting it -129.49% down since that peak but still an impressive 64.78% since price per share fell to its 52-week low of $9.95. The company has a valuation of $12.05B, with an average of 14.6 million shares in intraday trading volume over the past 10 days and average of 11.08 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Gamestop Corporation (GME), translating to a mean rating of 4.50. Of 8 analyst(s) looking at the stock, 1 analyst(s) give GME a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.03.
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Gamestop Corporation (NYSE:GME) trade information
After registering a -1.31% downside in the latest session, Gamestop Corporation (GME) has traded red over the past five days. The 5-day price performance for the stock is -2.74%, and 22.31% over 30 days. With these gigs, the year-to-date price performance is 61.18%. Short interest in Gamestop Corporation (NYSE:GME) saw shorts transact 31.87 million shares and set a 3.51 days time to cover.
The extremes give us $11 and $11 for target low and target high price respectively. As such, GME has been trading 61.06% off suggested target high and 61.06% from its likely low.
Gamestop Corporation (GME) estimates and forecasts
Looking at statistics comparing Gamestop Corporation share performance against respective industry, we note that the company has underperformed competitors. Gamestop Corporation (GME) shares are 0.12% up over the last 6 months, with its year-to-date growth rate lower than industry average at -83.33% against 1.40%. The rating firms project that company’s revenue will shrink -22.87% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 887.68M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 1.5B.Earnings reports from the last fiscal year show that sales brought in 1.08B and 1.79B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -17.68% before dropping -16.41% in the following quarter.
GME Dividends
Gamestop Corporation has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 9.52%.
Gamestop Corporation (NYSE:GME)’s Major holders
Gamestop Corporation insiders hold 8.49% of total outstanding shares, with institutional holders owning 28.67% of the shares at 31.33% float percentage. In total, 28.67% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 29.7 million shares (or 9.7086% of shares), all amounting to roughly $733.26 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 22.6 million shares, or about 7.3878% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $557.98 million.
We also have Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF as the top two Mutual Funds with the largest holdings of the Gamestop Corporation (GME) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 12.17 shares. This is just over 2.85% of the total shares, with a market valuation of $347.49 million. Data from the same date shows that the other fund manager holds a little less at 12.12, or 2.84% of the shares, all valued at about 346.17 million.
