Gamestop Corporation (NYSE:GME) Has Reached A Distance Of 66.04% From Its Low, So Is It Poised For More Gains?

In recent trading session, Gamestop Corporation (NYSE:GME) saw 2.57 million shares changing hands at last check today with its beta currently measuring 0.04. Company’s recent per share price level of $29.30 trading at $0.3 or 1.03% at last check today assigns it a market valuation of $13.09B. That most recent trading price of GME’s stock is at a discount of -121.26% from its 52-week high price of $64.83 and is indicating a premium of 66.04% 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 13.37 million shares which gives us an average trading volume of 11.05 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 0.08 in the current quarter.

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Gamestop Corporation (NYSE:GME) trade information

Upright in the green today for gaining 1.03%, in the last five days GME remained trading in the green while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $29.30 price level, adding 8.09% to its value on the day. Gamestop Corporation’s shares saw a change of 67.14% in year-to-date performance and have moved 4.68% in past 5-day. Gamestop Corporation (NYSE:GME) showed a performance of 2.99% in past 30-days. Number of shares sold short was 32.4 million shares which calculate 2.6 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 11 to the stock, which implies a fall of -166.36% 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 11. It follows that stock’s current price would jump 62.46% in reaching the projected high whereas dropping to the targeted low would mean a gain of 62.46% for stock’s current value.

Gamestop Corporation (GME) estimates and forecasts

Statistics highlight that Gamestop Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 23.89% of value to its shares in past 6 months, showing an annual growth rate of 33.33% while that of industry is 2.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -23.80% 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 1.48B for the same. And 2 analysts are in estimates of company making revenue of 796.81M in the next quarter. Company posted 1.79B and 881.8M 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 28.70 percent of that, with stock having share float percentage of 31.36%. Investors also watch the number of corporate investors in a company very closely, which is 28.70% 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.