Gamestop Corporation (NYSE:GME) price is hovering higher on Monday, March 25, jumping 7.25% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $13.10. The company’s 5Y monthly beta was ticking -0.38. Taking into account the 52-week price action we note that the stock hit a 52-week high of $27.65 and 52-week low of $11.82. The stock added 4.00% on its value in the past month.
Gamestop Corporation, which has a market valuation of $4.29 billion, is expected to release its quarterly earnings report Mar 26, 2024. Analysts tracking GME have forecast the quarterly EPS to grow by 0.29 per share this quarter, while the same analysts predict the annual EPS to hit $0.12 for the year 2024 and up to $0.12 for 2025.
On average, analysts have forecast the company’s revenue for the quarter will hit $2.05 billion, with the likely lows of $2 billion and highs of $2.1 billion. The average estimate suggests sales growth for the quarter will likely fall by -7.90% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $5.53 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow -6.60% below that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GME a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that GME’s price is at present -2.16% off the SMA20 and -1.77% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.22, with weekly volatility standing at 4.59%. The indicator jumps to 4.79% when calculated based on the past 30 days. Gamestop Corporation (NYSE:GME)’s beta value is holding at -0.40, while the average true range (ATR) indicator is currently reading 0.72.
An analysis of the Gamestop Corporation (NYSE:GME) stock in terms of its daily trading volume indicates that the 3-month average is 3.08 million. However, this figure increases on the past 10-day timeline to an average of 3.35 million.
Current records show that the company has 304.60M in outstanding shares. The insiders’ percentage holdings are 12.84% of outstanding shares while the percentage share held by institutions stands at 29.36%. The stats also highlight that short interest as of Feb 29, 2024, stood at 60.48 million shares, which puts the short ratio at the time at 23.19. From this we can glean that short interest is 19.80% of company’s current outstanding shares. Notably, we see that shares short in February rose slightly given the previous month’s figure stood at 59.67 million. But the -19.85% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
