How high will GME go?
The Score for GME is 50, which is 0% below its historic median score of 50, and infers higher risk than normal. GME is currently trading in the 40-50% percentile range relative to its historical Stock Score levels.
Why is GME rising?
Key Points
- GameStop announced the departure of its chief operating officer seven months after she assumed the position.
- No reason was given for the separation.
- It doesn't seem as if the video game retailer will seek to replace her.
Is GME stock overvalued?
GME stock is overvalued. GameStop was one of the leading companies for gaming enthusiasts, and it successfully built a competitive advantage over time.
Who owns GME shares?
To have 100's of millions of shares existing, the three possibilities I can think of are:
- Institutions lying about long positions.
- Retail outside of Reddit owning a lot of shares.
- Reddit users who should know about direct registering $GME not doing anything, or not being able to.
Why has GME stock increased?
Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further.
How much did GME go up during the squeeze?
GME's Short Squeeze Setup That's a 7% increase compared to the last official data from April 13, when GameStop had 14.13 million shares shorted. A short interest percentage above 15% is generally considered to be very elevated.
Is GME going to keep going up?
GME shares nearly doubled to over $300 in four weeks. Fundamentally, little more than a mixed-bag earnings report delivered last week justifies the March 2022 bullishness. It certainly “smells” like another meme-style move higher, which could still be great news for GME investors.
What was GME stock highest price?
The all-time high GameStop stock closing price was 86.88 on January 27, 2021.
Is GME about to squeeze?
GameStop Is Still "Squeezable" The current setup is bullish for GameStop stock investors looking for short squeeze potential. Although less intense than at the beginning of June, GME shares remain highly shorted. And borrow rates are high enough to squeeze short sellers on any spikes in buying volume.
How much did Melvin capital lose on GameStop?
about $7 billionMelvin Capital lost about $7 billion betting against GME. And their short bets on some of the other high-flying meme stocks of 2021, such as AMC, dug them deeper in the hole.
Can GME reach 1000?
So, can GME stock reach $1,000 per share. It's certainly a possibility given that GameStop's dark pool trading percentage is rather high, according to Stonk-O-Tracker data. Dark pool trading in GameStop has ranged between 30%-50%. This means 30%-50% of short selling has occurred behind closed doors.
Is GME still worth buying?
Gamestop (GME) stock is likely to decline after the current overheated rally. The stock can still be profitable in the long term if revenue growth stays consistent. But investors should avoid buying GME stock due to the high short-term risk.
Is GME still a buy?
Don't get caught in a losing game. Video game retailer GameStop (GME -6.74%) is arguably the face of the meme stock craze that started more than a year ago. The stock has fallen well off of its highs but remains up more than 500% since the start of 2021.
How high can a stock rise?
You can sell it at $10 and then be forced to buy it back at $20 … or $200 … or $2 million. There is no theoretical limit on how high a stock can go.
Does GameStop pay dividends?
Gamestop (NYSE: GME) does not pay a dividend.
What is GME book value?
GameStop's current price is $137.73. Its book value per share for the quarter that ended in Apr. 2022 was $19.11. Hence, today's PB Ratio of GameStop is 7.21.
Should I buy or sell GameStop stock right now?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last year. There are currently 2 sell ratings for the stoc...
What is GameStop's stock price forecast for 2022?
2 Wall Street analysts have issued 12 month price objectives for GameStop's shares. Their forecasts range from $30.00 to $146.00. On average, they...
How has GameStop's stock price performed in 2022?
GameStop's stock was trading at $148.39 at the beginning of the year. Since then, GME shares have decreased by 13.0% and is now trading at $129.09....
When is GameStop's next earnings date?
GameStop is scheduled to release its next quarterly earnings announcement on Wednesday, September 14th 2022. View our earnings forecast for GameSt...
How were GameStop's earnings last quarter?
GameStop Corp. (NYSE:GME) issued its quarterly earnings data on Wednesday, June, 1st. The company reported ($2.08) EPS for the quarter, missing ana...
Who are GameStop's key executives?
GameStop's management team includes the following people: Mr. Matthew Furlong , Pres, CEO & Director (Age 42, Pay $1.96M) Mr. Mike Recupero , C...
What is George Sherman's approval rating as GameStop's CEO?
342 employees have rated GameStop CEO George Sherman on Glassdoor.com . George Sherman has an approval rating of 26% among GameStop's employees. T...
Who are some of GameStop's key competitors?
Some companies that are related to GameStop include Compass Group (CMPGY) , Kroger (KR) , Chipotle Mexican Grill (CMG) , Seven & i (SVNDY) , W...
What other stocks do shareholders of GameStop own?
Based on aggregate information from My MarketBeat watchlists, some companies that other GameStop investors own include General Electric (GE) , AT...
What is MarketBeat community ratings?
What is Gamestop Corp?
MarketBeat's community ratings are surveys of what our community members think about GameStop and other stocks. Vote “Outperform” if you believe GME will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GME will underperform the S&P 500 over the long term. You may vote once every thirty days.
What is the ticker symbol for GameStop?
GameStop Corp. engages in the retail of multichannel video game, consumer electronics, and wireless services. It operates through the following segments: United States, Canada, Australia, and Europe. The United States segment includes the retail operations and electronic commerce websites www.gamestop.com and www.thinkgeek.com, Game Informer magazine, and Kongregate. The Canada segment comprises of retail and e-commerce business. The Australia segment refers to the retail and e-commerce operations in Australia and New Zealand. The Europe segment pertains to the retail and e-commerce operations in the European countries. The company was founded by Daniel A. DeMatteo in 1996 and is headquartered in Grapevine, TX.
What is the rating of GameStop?
GameStop trades on the New York Stock Exchange (NYSE) under the ticker symbol "GME."
Who sold GME stock?
GameStop has received a consensus rating of Sell. The company's average rating score is 1.17, and is based on no buy ratings, 1 hold rating, and 5 sell ratings.
Does GameStop pay dividends?
GME stock was sold by a variety of institutional investors in the last quarter, including CTC LLC, XR Securities LLC, and First United Bank Trust. Company insiders that have sold GameStop company stock in the last year include James Grube, Kurt James Wolf, and Raul J Fernandez.
