GameSquare Holdings Inc (NASDAQ: GAME)’s stock price has gone rise by 15.53 in comparison to its previous close of 1.90, however, the company has experienced a 25.43% increase in its stock price over the last five trading days. Accesswire reported 2024-04-11 that FRISCO, TX / ACCESSWIRE / April 11, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME), (“GameSquare”, or the “Company”), announced today that it expects to release its fourth quarter 2023 financial results after the close of business on Tuesday, April 16, 2024. A copy of the news release will be available on the investor website.
Is It Worth Investing in GameSquare Holdings Inc (NASDAQ: GAME) Right Now?
The stock has a 36-month beta value of 0.81. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GAME is 6.44M, and at present, short sellers hold a 3.10% of that float. On April 16, 2024, the average trading volume of GAME was 109.21K shares.
GAME’s Market Performance
GAME’s stock has seen a 25.43% increase for the week, with a 62.59% rise in the past month and a 52.43% gain in the past quarter. The volatility ratio for the week is 10.28%, and the volatility levels for the past 30 days are at 8.86% for GameSquare Holdings Inc The simple moving average for the past 20 days is 38.86% for GAME’s stock, with a 7.09% simple moving average for the past 200 days.
Analysts’ Opinion of GAME
Many brokerage firms have already submitted their reports for GAME stocks, with ROTH MKM repeating the rating for GAME by listing it as a “Buy.” The predicted price for GAME in the upcoming period, according to ROTH MKM is $7 based on the research report published on August 21, 2023 of the previous year 2023.
GAME Trading at 41.59% from the 50-Day Moving Average
After a stumble in the market that brought GAME to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.04% of loss for the given period.
Volatility was left at 8.86%, however, over the last 30 days, the volatility rate increased by 10.28%, as shares surge +49.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.33% upper at present.
During the last 5 trading sessions, GAME rose by +25.43%, which changed the moving average for the period of 200-days by -26.09% in comparison to the 20-day moving average, which settled at $1.6200. In addition, GameSquare Holdings Inc saw 21.27% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GAME
Current profitability levels for the company are sitting at:
- -0.39 for the present operating margin
- 0.29 for the gross margin
The net margin for GameSquare Holdings Inc stands at -0.44. The total capital return value is set at -0.51. Equity return is now at value -52.60, with -25.49 for asset returns.
Based on GameSquare Holdings Inc (GAME), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at -1.41. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is -25.47.
Currently, EBITDA for the company is -14.52 million with net debt to EBITDA at -0.48. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 3.32for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.
Conclusion
To sum up, GameSquare Holdings Inc (GAME) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
