Gamestop Corporation (NYSE:GME) price on Wednesday, March 27, fall -15.03% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $13.17.
A look at the stock’s price movement, the close in the last trading session was $15.50. The PE ratio in trailing twelve months stood at 621.23. Turning to its 52-week performance, $27.65 and $11.82 were the 52-week high and 52-week low respectively. Overall, GME moved -7.32% over the past month.
Gamestop Corporation’s market cap currently stands at around $4.02 billion, with investors looking forward to this quarter’s earnings report slated for Jun 05, 2024 – Jun 10, 2024. Analysts project the company’s earnings per share (EPS) to be -$0.05, which has seen fiscal year 2025 EPS growth forecast to increase to $0.12 and about $0.23 for fiscal year 2026. Per the data, EPS growth is expected to be 100.00% for 2024 and 91.70% for the next financial year.
Analysts have a consensus estimate of $1.09 billion for the company’s revenue for the quarter, with a low and high estimate of $1 billion and $1.18 billion respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2025 to grow to $5.2 billion, representing a -1.40% decline on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that GME is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
GME’s current price about -9.15% and -8.00% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.32, while 7-day volatility ratio is 7.64% and 5.42% in the 30-day chart. Further, Gamestop Corporation (GME) has a beta value of -0.38, and an average true range (ATR) of 0.91.
If we refocus on Gamestop Corporation (NYSE:GME), historical trading data shows that trading volumes averaged 7.16 million over the past 10 days and 3.43 million over the past 3 months. The company’s latest data on shares outstanding shows there are 305.70 million shares.
The 12.84% of Gamestop Corporation’s shares are in the hands of company insiders while institutional holders own 29.36% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 60.48 million on Feb 29, 2024, giving us a short ratio of 23.19. The data shows that as of Feb 29, 2024 short interest in Gamestop Corporation (GME) stood at 19.80% of shares outstanding, with shares short rising to 59.67 million registered in Jan 31, 2024. Current price change has pushed the stock -24.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GME stock continues to rise going into the next quarter.
