In today’s recent session, 24.13 million shares of the Gamestop Corporation (NYSE:GME) have been traded, and its beta is -0.55. Most recently the company’s share price was $29.05, and it changed around $3.65 or 14.37% from the last close, which brings the market valuation of the company to $12.98B. GME at last check was trading at a discount to its 52-week high of $64.83, offering almost -123.17% off that amount. The share price’s 52-week low was $9.95, which indicates that the recent value has risen by an impressive 65.75% since then. We note from Gamestop Corporation’s average daily trading volume that its 10-day average is 4.27 million shares, with the 3-month average coming to 6.12 million.
Gamestop Corporation stock received a consensus recommendation rating of Sell, based on a mean score of 4.50. If we narrow it down even further, the data shows that 1 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended GME as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Gamestop Corporation is expected to report earnings per share of -0.1 for the current quarter.
Gamestop Corporation (NYSE:GME) trade information
Instantly GME has been showing a green trend so far today with a performance of 14.37% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 29.37 on recent trading dayincreased the stock’s daily price by 1.09%. The company’s shares are currently down -7.31% year-to-date, but still up 22.52% over the last five days. On the other hand, Gamestop Corporation (NYSE:GME) is 18.96% up in the 30-day period. We can see from the shorts that 28.26 million shares have been sold at a short interest cover period of 5.55 day(s).
The consensus price target as assigned by Wall Street analysts is $18, which translates to bulls needing to decrease their stock price by -61.39% from its current value. Analyst projections state that GME is forecast to be at a low of $11 and a high of $25.
Gamestop Corporation (GME) estimates and forecasts
The year-over-year growth rate is expected to be -11.06%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 750M in revenue for the current quarter. 1 analysts expect Gamestop Corporation to make 750M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 881.8M and 798.3M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -14.95%. Forecasts for the next quarter put sales growth at -6.05%.
Gamestop Corporation earnings are expected to increase by 37.88% in 2025, but the outlook is positive 12.51% per year for the next five years.
GME Dividends
Gamestop Corporation’s next quarterly earnings report is expected to be released on 2025-Mar-24. The average dividend yield for the past five years averaged 9.52 per year.
Gamestop Corporation (NYSE:GME)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.49% of Gamestop Corporation shares, and 32.93% of them are in the hands of institutional investors. The stock currently has a share float of 35.99%. Gamestop Corporation stock is held by 426.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.7086% of the shares, which is about 29.7 million shares worth $733.26 million.
BLACKROCK INC., with 5.8487% or 22.6 million shares worth $557.98 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Mid-Cap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 28, 2025. The former held 13.21 shares worth $388.41 million, making up 2.96% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 12.6 shares worth around $370.44 million, which represents about 2.82% of the total shares outstanding.
