In the last trading session, 11.66 million Gamestop Corporation (NYSE:GME) shares changed hands as the company’s beta touched -0.00. With the company’s per share price at $27.88 changed hands at -$3.14 or -10.12% during last session, the market valuation stood at $12.46B. GME’s last price was a discount, traded about -132.53% off its 52-week high of $64.83. The share price had its 52-week low at $9.95, which suggests the last value was 64.31% up since then. When we look at Gamestop Corporation’s average trading volume, we note the 10-day average is 8.75 million shares, with the 3-month average coming to 11.06 million.
Analysts gave the Gamestop Corporation (GME) stock a consensus recommendation rating of Hold, calculated at a mean rating of 4.50. If we narrow down to specifics, the data shows that 1 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended GME as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Gamestop Corporation’s EPS for the current quarter is expected to be 0.08.
Gamestop Corporation (NYSE:GME) trade information
Instantly GME was in red as seen at the end of in last trading. With action -15.05%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -11.04%, with the 5-day performance at -15.05% in the red. However, in the 30-day time frame, Gamestop Corporation (NYSE:GME) is -3.76% down. Looking at the short shares, we see there were 32.4 million shares sold at short interest cover period of 2.6 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need a downside of -153.45% from its current market value. According to analyst projections, GME’s forecast low is 11 with 11 as the target high. To hit the forecast high, the stock’s price needs a 60.55% surge from its current level, while the stock would need to tank 60.55% for it to hit the projected low.
Gamestop Corporation (GME) estimates and forecasts
Data shows that the Gamestop Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 3.26% over the past 6 months, a 33.33% in annual growth rate that is considerably higher than the industry average of 5.00%. Year-over-year growth is forecast to reach -23.80% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 1.48B. 2 analysts are of the opinion that Gamestop Corporation’s revenue for the current quarter will be 796.81M. The company’s revenue for the corresponding quarters a year ago was 1.79B and 881.8M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -17.63%. The estimates for the next quarter sales put growth at -9.64%.
The 2025 estimates are for Gamestop Corporation earnings to increase by 16.67%.
GME Dividends
Gamestop Corporation is expected to release its next quarterly earnings report in February. During the past 5 years, the average dividend yield was 9.52 per year.
Gamestop Corporation (NYSE:GME)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.49% of Gamestop Corporation shares while 28.70% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 31.36%. There are 28.70% institutions holding the Gamestop Corporation stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.7086% of the shares, roughly 29.7 million GME shares worth $733.26 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.3878% or 22.6 million shares worth $557.98 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund . With 12.21 shares estimated at $340.46 million under it, the former controlled 2.73% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.72% of the shares, roughly 12.17 shares worth around $339.33 million.
