Gamestop Corporation (NYSE:GME) currently has a daily average trading volume of 10.23M but it saw 21039472 shares traded in last market. With a market cap of 13.80B USD, the company’s current market price of $30.86 came rising about 10.02 while comparing to the previous closing price of $28.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $48.00 and as low as $17.70.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wedbush which reiterated the stock as “Underperform” in its note to investors issued on June 08, 2023, recommending a price target of between $6.50 and $6.20 for it. Ascendiant Capital Markets downgraded its recommendation for the stock as a “Sell” from “Hold” on April 12, 2021 while assigning a price target range of $12-$10. Telsey Advisory Group also issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $33 and $30.
Over the week, GME’s stock price is moving 7.79% up while it is 13.79% when we observe its performance for the past one month. Year-to-date it is -1.53% down and over the past year, the stock is showing an upside performance of 33.36%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0.04 while estimate for next year EPS is 0.46. In next quarter, company is expected to be making quarterly sales of $748.17M as analysts are expecting the sales for current fiscal year at $3.56B and seeing the company making $3.13B in sales next year. Moreover, analysts are in estimates of $754.23M for current-quarter revenue.
Currently, Gamestop Corporation’s total number of outstanding shares is 447.00M with 8.61% of that held by the insiders while 34.55% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.53% and return on equity (ROE) at 4.19%. It has a price to earnings ratio (P/E ratio) of 116.19 while having a 65.66 of forward P/E ratio. Stock’s beta reads -0.66. Stock has a price to book (P/B) ratio of 2.80 while price to sale or P/S ratio amounts to 3.61. Its return on asset (ROA) is 2.98% on average.
