The stock price of Gamestop Corporation (NYSE: GME) has jumped by 0.75 compared to previous close of 23.95. Despite this, the company has seen a fall of -3.36% in its stock price over the last five trading days. investorplace.com reported 2024-07-27 that Grapevine, TX-based GameStop (NYSE: GME ) is a global operator of video game retail stores, with an online presence as well. The company focuses on the U.S. market, but has presence in Canada, Australia and Europe under other banners, selling a range of gaming products as well as other collectibles and technology at its locations.
Is It Worth Investing in Gamestop Corporation (NYSE: GME) Right Now?
Gamestop Corporation (NYSE: GME) has a price-to-earnings ratio that is above its average at 296.07x. The stock has a 36-month beta value of -0.01. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 1 as “sell.”
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The public float for GME is 388.27M, and at present, short sellers hold a 10.39% of that float. On July 29, 2024, the average trading volume of GME was 53.32M shares.
GME’s Market Performance
GME stock saw a decrease of -3.36% in the past week, with a monthly decline of -0.29% and a quarterly a decrease of 115.25%. The volatility ratio for the week is 4.82%, and the volatility levels for the last 30 days are 6.15% for Gamestop Corporation (GME). The simple moving average for the last 20 days is -4.31% for GME’s stock, with a simple moving average of 40.40% for the last 200 days.
Analysts’ Opinion of GME
Many brokerage firms have already submitted their reports for GME stocks, with Wedbush repeating the rating for GME by listing it as a “Underperform.” The predicted price for GME in the upcoming period, according to Wedbush is $6.20 based on the research report published on June 08, 2023 of the previous year 2023.
Ascendiant Capital Markets, on the other hand, stated in their research note that they expect to see GME reach a price target of $10, previously predicting the price at $12. The rating they have provided for GME stocks is “Sell” according to the report published on April 12th, 2021.
Telsey Advisory Group gave a rating of “Underperform” to GME, setting the target price at $30 in the report published on March 24th of the previous year.
GME Trading at -7.81% 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 -62.78% of loss for the given period.
Volatility was left at 6.15%, however, over the last 30 days, the volatility rate increased by 4.82%, as shares sank -3.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -50.50% lower at present.
During the last 5 trading sessions, GME fell by -3.36%, which changed the moving average for the period of 200-days by +56.69% in comparison to the 20-day moving average, which settled at $25.17. In addition, Gamestop Corporation saw 37.65% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GME starting from Cheng Lawrence, who purchase 4,140 shares at the price of $24.85 back on Jul 08 ’24. After this action, Cheng Lawrence now owns 69,228 shares of Gamestop Corporation, valued at $102,879 using the latest closing price.
Robinson Mark Haymond, the General Counsel and Secretary of Gamestop Corporation, sale 565 shares at $23.43 during a trade that took place back on Jul 02 ’24, which means that Robinson Mark Haymond is holding 59,594 shares at $13,239 based on the most recent closing price.
Stock Fundamentals for GME
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.25 for the gross margin
The net margin for Gamestop Corporation stands at 0.01. The total capital return value is set at -0.01. Equity return is now at value 1.93, with 0.88 for asset returns.
Based on Gamestop Corporation (GME), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at -1.04. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 1.86.
Currently, EBITDA for the company is 26.5 million with net debt to EBITDA at -11.0. When we switch over and look at the enterprise to sales, we see a ratio of 2.01. The receivables turnover for the company is 83.49for trailing twelve months and the total asset turnover is 1.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.22.
Conclusion
To sum up, Gamestop Corporation (GME) has seen a mixed 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.
