The stock of Gamestop Corporation (GME) has gone down by -2.66% for the week, with a 2.11% rise in the past month and a -22.85% drop in the past quarter. The volatility ratio for the week is 3.05%, and the volatility levels for the past 30 days are 4.37% for GME. The simple moving average for the last 20 days is -2.20% for GME stock, with a simple moving average of 8.49% for the last 200 days.
Is It Worth Investing in Gamestop Corporation (NYSE: GME) Right Now?
Gamestop Corporation (NYSE: GME) has a price-to-earnings ratio of 161.60x that is above its average ratio. Additionally, the 36-month beta value for GME is -0.12. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
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The public float for GME is 388.57M and currently, short sellers hold a 9.81% ratio of that float. The average trading volume of GME on October 14, 2024 was 9.97M shares.
GME) stock’s latest price update
The stock of Gamestop Corporation (NYSE: GME) has decreased by -0.38 when compared to last closing price of 20.91. Despite this, the company has experienced a -2.66% fall in its stock price over the last five trading sessions. zacks.com reported 2024-10-11 that In the latest trading session, GameStop (GME) closed at $20.83, marking a -0.38% move from the previous day.
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 -3.95% 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 -67.87% of loss for the given period.
Volatility was left at 4.37%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares surge +0.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.05% lower at present.
During the last 5 trading sessions, GME fell by -2.66%, which changed the moving average for the period of 200-days by +19.99% in comparison to the 20-day moving average, which settled at $21.30. In addition, Gamestop Corporation saw 18.82% 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 Robinson Mark Haymond, who sale 11,000 shares at the price of $20.82 back on Oct 10 ’24. After this action, Robinson Mark Haymond now owns 43,927 shares of Gamestop Corporation, valued at $229,066 using the latest closing price.
Daniel Moore, the Officer of Gamestop Corporation, proposed sale 2,624 shares at $21.00 during a trade that took place back on Oct 11 ’24, which means that Daniel Moore is holding shares at $55,115 based on the most recent closing price.
Stock Fundamentals for GME
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.26 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 1.50, with 1.02 for asset returns.
Based on Gamestop Corporation (GME), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06.
Currently, EBITDA for the company is 26.5 million with net debt to EBITDA at -134.05. When we switch over and look at the enterprise to sales, we see a ratio of 1.15. The receivables turnover for the company is 76.25for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.23.
Conclusion
In conclusion, Gamestop Corporation (GME) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
