GameStop Corp. (NYSE:GME) went down by -5.35% from its latest closing price compared to the recent 1-year high of $344.66. The company’s stock price has collected -22.36% of loss in the last five trading sessions. The Wall Street Journal reported on 03/31/22 that GameStop Shares Jump 15% on Stock-Split Request
Is It Worth Investing in GameStop Corp. (NYSE :GME) Right Now?
Plus, the 36-month beta value for GME is at -0.99. Opinions of the stock are interesting as 0 analysts out of 2 who provided ratings for GameStop Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $69.23, which is -$45.83 below the current price. GME currently public float of 64.19M and currently shorts hold a 22.01% ratio of that float. Today, the average trading volume of GME was 4.17M shares.
GME’s Market Performance
GME stocks went down by -22.36% for the week, with a monthly drop of -36.04% and a quarterly performance of -19.12%, while its annual performance rate touched -36.36%. The volatility ratio for the week stands at 12.31% while the volatility levels for the past 30 days are set at 8.80% for GameStop Corp.. The simple moving average for the period of the last 20 days is -29.79% for GME stocks with a simple moving average of -40.28% for the last 200 days.
Analysts’ Opinion of GME
Many brokerage firms have already submitted their reports for GME stocks, with Ascendiant Capital Markets repeating the rating for GME by listing it as a “Sell.” The predicted price for GME in the upcoming period, according to Ascendiant Capital Markets is $10 based on the research report published on April 12th of the previous year 2021.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see GME reach a price target of $30, previously predicting the price at $33. The rating they have provided for GME stocks is “Underperform” according to the report published on March 24th, 2021.
Wedbush gave a rating of “Underperform” to GME, setting the target price at $29 in the report published on March 24th of the previous year.
GME Trading at -27.88% from the 50-Day Moving Average
After a stumble in the market that brought GME to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -72.87% of loss for the given period.
Volatility was left at 8.80%, however, over the last 30 days, the volatility rate increased by 12.31%, as shares sank -36.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.19% lower at present.
During the last 5 trading sessions, GME fell by -22.36%, which changed the moving average for the period of 200-days by -49.17% in comparison to the 20-day moving average, which settled at $130.49. In addition, GameStop Corp. saw -36.99% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at GME starting from Attal Alain, who purchase 1,500 shares at the price of $129.91 back on Mar 24. After this action, Attal Alain now owns 130,423 shares of GameStop Corp., valued at $194,865 using the latest closing price.
Cohen Ryan, the Director of GameStop Corp., purchase 100,000 shares at $101.76 during a trade that took place back on Mar 22, which means that Cohen Ryan is holding 9,101,000 shares at $10,176,342 based on the most recent closing price.
Stock Fundamentals for GME
Current profitability levels for the company are sitting at:
- -5.96 for the present operating margin
- +21.20 for the gross margin
The net margin for GameStop Corp. stands at -6.34. Equity return is now at value -25.00, with -11.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.92.