The stock of GameSquare Holdings Inc (GAME) has seen a -0.95% decrease in the past week, with a -12.11% drop in the past month, and a -25.45% decrease in the past quarter. The volatility ratio for the week is 19.14%, and the volatility levels for the past 30 days are at 11.89% for GAME. The simple moving average for the past 20 days is -0.39% for GAME’s stock, with a -31.08% simple moving average for the past 200 days.
Is It Worth Investing in GameSquare Holdings Inc (NASDAQ: GAME) Right Now?
The 36-month beta value for GAME is at 1.18. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GAME is 8.30M, and currently, shorts hold a 9.77% of that float. The average trading volume for GAME on November 18, 2024 was 294.27K shares.
GAME) stock’s latest price update
GameSquare Holdings Inc (NASDAQ: GAME) has experienced a decline in its stock price by -14.80 compared to its previous closing price of 0.98. However, the company has seen a fall of -0.95% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-14 that GameSquare Holdings, Inc. (NASDAQ:GAME ) Q3 2024 Earnings Conference Call November 14, 2024 4:30 PM ET Company Participants Justin Kenna – CEO Mike Munoz – CFO Conference Call Participants Jack Vander Aarde – Maxim Group Greg Gibas – Northland Securities Operator Good afternoon, and thank you for joining us for the GameSquare Holdings 2024 Third Quarter Conference Call. On the call today, we have Justin Kenna, GameSquare’s CEO; Lou Schwartz, President; and Mike Munoz, CFO.
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 1.33% 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 -62.89% of loss for the given period.
Volatility was left at 11.89%, however, over the last 30 days, the volatility rate increased by 19.14%, as shares sank -7.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.24% lower at present.
During the last 5 trading sessions, GAME fell by -0.95%, which changed the moving average for the period of 200-days by -44.33% in comparison to the 20-day moving average, which settled at $0.8383. In addition, GameSquare Holdings Inc saw -53.87% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GAME starting from Kenna Justin, who purchase 10,000 shares at the price of $1.02 back on Jun 21 ’24. After this action, Kenna Justin now owns 115,321 shares of GameSquare Holdings Inc, valued at $10,200 using the latest closing price.
Schwartz Louis, the President and Chairman of GameSquare Holdings Inc, purchase 10,000 shares at $1.02 during a trade that took place back on Jun 21 ’24, which means that Schwartz Louis is holding 244,630 shares at $10,200 based on the most recent closing price.
Stock Fundamentals for GAME
Current profitability levels for the company are sitting at:
- -0.42 for the present operating margin
- 0.24 for the gross margin
The net margin for GameSquare Holdings Inc stands at -0.57. The total capital return value is set at -0.69. 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 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -0.99. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is -31.96.
Currently, EBITDA for the company is -19.03 million with net debt to EBITDA at -0.78. When we switch over and look at the enterprise to sales, we see a ratio of 0.83. The receivables turnover for the company is 2.86for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
Conclusion
In conclusion, GameSquare Holdings Inc (GAME) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
