How high will GameStop stock be in 2021?
Stocks of video game retailer GameStop exploded in January 2021, effectively doubling in value on a daily basis. At the close of trading on January 27, GameStop Corporation's stock price reaching 347.51 U.S. dollars per share - or +134 percent compared to the day before.
How high is GameStop predicted to go?
Its baseline GameStop share price forecast pointed to an average closing price of $178.860 on 11 April 2022. Meanwhile, for December 2022 this same service expected that the price could rise to $209.41. It further estimated the GME stock could move up to $271.07 by the end of December 2023 and close 2025 at $394.07.
Is It a Good Time to Buy GameStop stocks?
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.
Why is the GameStop stock going up?
Why is GameStop Stock Up? GameStop has the wind at its back thanks to a general market uptrend buoyed by a collective sigh of relief around the Fed's first interest rate hike since 2018.
What's the future of GameStop stock?
Stock Price Forecast The 3 analysts offering 12-month price forecasts for GameStop Corp have a median target of 110.00, with a high estimate of 121.40 and a low estimate of 30.00. The median estimate represents a -20.55% decrease from the last price of 138.45.
Is GameStop stock expected to rise?
Gamestop Corporation - Class A quote is equal to 135.140 USD at 2022-06-18. Based on our forecasts, a long-term increase is expected, the "GME" stock price prognosis for 2027-06-11 is 415.672 USD. With a 5-year investment, the revenue is expected to be around +207.59%.
Is GameStop stock splitting?
GameStop surprised the market with its stock split plans. There's some confusion about what a "stock dividend" means for investors.
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 shorted?
GME Is Still Heavily Shorted, A Squeeze Could Be Imminent The number is higher compared to the previous month, when 12.35 million shares were being shorted. A high short interest can of course be related to a company's poor fundamentals.
Is GME stock a good buy?
The financial health and growth prospects of GME, demonstrate its potential to underperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of D.
When did GameStop stock split?
GME has split once before: a two-for-one split in 2007. The share price was around $50 at the time of that split. It's trading at about $150 today.
Who owns GameStop stock?
Top 10 Owners of GameStop CorpStockholderStakeShares ownedThe Vanguard Group, Inc.7.69%5,871,283BlackRock Fund Advisors6.33%4,828,648SSgA Funds Management, Inc.2.21%1,684,263Geode Capital Management LLC1.04%792,1666 more rows
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...
Here comes Cohen
The big squeeze
To understand GameStop's current stock market run, you have to go back to August, when investor Ryan Cohen bought in to a roughly 10 percent ownership stake in the retailer. Cohen is best known as the founder of pet food superstore Chewy.com, which sold to PetSmart for $3.35 billion in 2017.
The fundamentals
Whether Cohen can turn GameStop around or not, the investor excitement around his new strategy presented a problem for the many investors who had shorted the stock (i.e. borrowed shares that they expected to go down in value).
About GameStop
While Dopierala continues to be bullish on GameStop as a whole, even he admits that the company's transformation "may not happen as quickly as suggested by the current stock price." Analyst consensus suggests GameStop could settle at a price of around $10 a share based on the fundamental health of the business.
Headlines
GameStop Corp. engages in the retail of multichannel video games, consumer electronics, and wireless services. It operates through the following segments: United States, Canada, Australia, and Europe.
GameStop (NYSE:GME) Frequently Asked Questions
Loopring Falls 76% — Buy the Dip Before GameStop Deal or Bail Out? - Nasdaq
Activist investors with a deep knowledge of high-growth e-commerce operations asked the retailer to try a very different strategy
4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last twelve months. There are currently 4 sell ratings for the stock. The consensus among Wall Street research analysts is that investors should "sell" GameStop stock. View analyst ratings for GameStop or view top-rated stocks.
What happened
Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.
So what
Shares of video game retailer GameStop ( NYSE:GME) rose 58.2% in November, according to data from S&P Global Market Intelligence. The gains started when an activist investor presented a radically different business plan for GameStop.
Now what
Under the leadership of growth-oriented pet food retailer Chewy co-founder Ryan Cohen, venture capital firm RC Ventures built a 10% ownership stake on GameStop before proposing a dramatic strategy shift. On Nov. 16, RC Ventures sent a public letter to GameStop's board of directors.
Step 1: Find a broker that offers GameStop stock
RC Ventures wants GameStop to forget about physical hardware sales, and instead focus on e-commerce sales and digital streaming.
Reasons To Use Stash For Investing
Well, of course, you need a broker but first, you have to find one worth joining. You won't want to waste your money on high fees and broker commissions so take a look at online brokers who can help you get in on this hot stock for less.
Step 2: Research GameStop shares
Robinhood got swept into the GameStop craze because it was the main platform the Reddit investors were using. During the height of the bru-ha-ha, CEO Vlad Tenev decided to stop the sell and trades on the GME (ticker) stock. He took heat for getting involved but he put the stock back online for purchase.
Step 3: Open an account & buy GameStop shares
GameStop was founded in 1984 in Dallas as Babbages and took its current name in 1999. The company is now headquartered in Grapevine, Texas, and is the world’s largest video game, consumer electronics, and gaming merchandise retailer.
The bottom line
Still interested in GameStop? Then it's time to open an online brokerage account. You don’t even have to fund an account immediately to open one, though you’ll need some money to buy at least one share of GameStop stock.
Is GameStop closing stores?
If social media is your stock ticker and meme stocks have grabbed your attention during the pandemic, or if you check MarketWatch throughout the day, you may be interested in buying shares in GameStop. GME stock has risen faster than many stocks, and you may have a few dollars to get in on the action.
Is GameStop a turnaround company?
First-quarter sales of $1.2 billion are 25% higher than last year, but still 18% below 2019. Yes, GameStop has closed many stores over the last two years, but that's just it: It needs to prove it can still grow sales being a mostly online retailer.
Is GameStop a meme stock?
GameStop is just beginning its turnaround adventure. It has a new management team and board of directors that are like-minded in their vision for the retailer. They want GameStop to shed its vast physical retail footprint, keeping only the most profitable ones, and instead transition to an online-heavy focus.
How to Buy GameStop Shares
This all speaks to why GameStop is a meme stock that can still be standing years from now when the craziness of the meme stock tumult is a distant memory. But that doesn't make the stock a buy.
How to Buy GameStop Shares - Brokers Comparison
Finding the right broker for buying GameStop shares is the first of three crucial steps of our How to buy GameStop stock guide.
GameStop Shares Buy or Sell?
The second big step of investing in researching the stock that you want to invest in, as well as the company behind it.
Conclusion
With the explanation of how to buy GameStop shares now out of the way, the question remains — should you buy or sell? Once again, this is something that everyone has to decide on their own. However, given everything we have seen and talked about previously, GameStop might be a bit risky, but it has the potential to be a good buy.
eToro - Overall Best Broker & Trading Platform to Buy GameStop Shares
GameStop has attracted a lot of attention in 2021 as a stock investment opportunity, causing many to look into how to buy GameStop shares. Since then, the situation has calmed quite a bit, but the stock price managed to remain high, which is a good thing for the company.
FAQs
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What are Krugman's three rules of stock market?
GameStop is an American video game, gaming merchandise, and consumer electronics retailer. It is also the largest video game retailer in the world, with over 4,800 stores worldwide as of January 2021, 3,192 of which are in the US.
What is short sale in stock market?
Economist and New York Times columnist Paul Krugman has summed this up with his three rules of stock prices: “First, the stock market is not the economy. Second, the stock market is not the economy. Third, the stock market is not the economy.”. This is the environment in which the GameStop rollercoaster took off.
The rise and fall of GameStop
One of those was British hedge fund White Square Capital, according to published reports. During a short sale, the investor borrows shares of stock from a third party then sells those borrowed shares on the open market. Some time later, the investor buys back the same number of shares and returns them.
Is GameStop a good investment?
GameStop is an old-fashioned company that became incredibly popular in Q1 of 2021. The company was among the first ones that did well during the Wall Street Bets craze. Its stock was so popular that it jumped to an all-time high of $490.
Is GameStop undervalued?
Fundamentally, GameStop has been doing well in the past few months, partly because of its popularity from the WSB craze. For example, in the third quarter, the firm’s revenue rose to more than $.30 billion, which was better than estimates by about $107 million.
GME analyst forecasts
We need to look at its key financial metrics to determine whether the GameStop stock price is overvalued. But, first, we need to look at its financial performance in 2021, a year in which gaming companies did well.
GameStop stock price forecast 2022
Analysts are generally pessimistic about the GameStop stock price. According to WeBull, analysts expect the shares to drop to about $56. Another compilation by MarketBeat shows that most analysts expect that the stock will retreat.
Summary
The daily chart shows that the GameStop share price has been in a bearish trend in the past few months. Notably, the stock moved below the key support level at $142, which was the lowest level in May and August last year.
