Is GameStop worth investing in?
Apr 04, 2022 · GameStop Stock Forecast, Price & News $150.77 +0.07 (+0.05%) (As of 04/14/2022 12:00 AM ET) Today's Range $147.22 $156.50 50-Day Range $78.11 $189.59 52-Week Range $77.58 $344.66 Volume 2.50 million shs Average Volume 8.59 million shs Market Capitalization $11.51 billion P/E Ratio N/A Dividend Yield N/A Beta -1.63 Profile Analyst Ratings
Why did the price of GameStop stocks jump so suddenly?
The stock price of GameStop saw a large 14% fall yesterday (Nov 23) after a sharp rise over the recent weeks. Despite yesterday’s fall, GME stock is up 23% over the last month, while it is up a ...
Should I Buy GameStop stock?
13 hours ago · GameStop Corp. Market Cap $11B Today's Change (-6.17%) -$9.31 Current Price $141.46 Price as of April 18, 2022, 8:00 p.m. ET Euphoria might be wearing off about the company's proposed stock split.
Who is buying GameStop stock?
Jun 16, 2021 · Based on cash flow and sales, GameStop shares are overvalued by an average of about 70%. Based on the valuation metrics above and GameStop’s current share price, a realistic valuation for GME stock...
What was Gamestops highest stock price?
GameStop - Stock Price History | GMEThe all-time high GameStop stock closing price was 347.51 on January 27, 2021.The GameStop 52-week high stock price is 344.66, which is 128.6% above the current share price.The GameStop 52-week low stock price is 77.58, which is 48.5% below the current share price.More items...
How much is a stock of GameStop worth right now?
Performance OutlookPrevious Close150.77Bid141.46 x 1100Ask141.90 x 800Day's Range137.24 - 151.2452 Week Range77.58 - 344.663 more rows
What was GameStop stock price in 2020?
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. On December 30, 2020, the price was valued at 18.84 U.S. dollars per share....CharacteristicShare price in U.S. dollars01/12/2022128.0612 more rows•Jan 31, 2022
How much GameStop stock is there total?
GameStop has 76.34 million shares outstanding. The number of shares has increased by 16.23% in one year.
Is GameStop a buy or sell?
GameStop has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 2 sell ratings.
What was the 52 week high for GameStop?
$344.66GME Real-Time QuotesNLS Volume749,348Previous Close$150.70Today's High / Low$156.50/$147.29552 Week High / Low$344.66/$77.58
What happened to GameStop stock in January 2021?
GameStop's stock price enjoyed gains through most of January 2021, but they exploded late in the month and peaked on Jan. 28, reaching a record high of $483. Shares of GameStop started the year at $19.Jan 29, 2022
Why is GameStop stock going down?
The consumer electronics industry was pinched by supply chain shortages, the rise of the omicron variant of COVID-19, and declining demand for products in the video game niche compared to a year earlier. Each of those challenges likely affected GameStop over the holiday selling period, too. Image source: Getty Images.Mar 3, 2022
Why did GameStop stock go up?
Melvin Capital and Citron were two of the funds caught in the squeeze, forcing them to buy more GameStop stock to cover their losses, which ended up driving the stock price even higher.Mar 30, 2022
Who owns the most GameStop stock?
Top 10 Owners of GameStop CorpStockholderStakeShares ownedThe Vanguard Group, Inc.7.65%5,837,633BlackRock Fund Advisors6.28%4,794,611SSgA Funds Management, Inc.2.17%1,653,929Geode Capital Management LLC1.01%773,8806 more rows
How short is GameStop right now?
Over the last few days, GameStop short interest has decreased from $11.20 billion to $8.82 billion. Short sellers bought to cover and trimmed positions as they incurred large mark-to-market losses. GME shares shorted are now 27.13 million.
Does GameStop pay dividends?
GAMESTOP (NYSE: GME) does not pay a dividend.
Is GameStop a buy right now?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last twelve months. There are currently 4 sell ratings for...
How has GameStop's stock price been impacted by COVID-19 (Coronavirus)?
GameStop's stock was trading at $4.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organiz...
When is GameStop's next earnings date?
GameStop is scheduled to release its next quarterly earnings announcement on Wednesday, June 8th 2022. View our earnings forecast for GameStop .
How were GameStop's earnings last quarter?
GameStop Corp. (NYSE:GME) released its quarterly earnings results on Thursday, March, 17th. The company reported ($1.86) earnings per share (EPS) f...
What price target have analysts set for GME?
4 brokerages have issued 12 month target prices for GameStop's shares. Their forecasts range from $30.00 to $146.00. On average, they anticipate Ga...
Who are GameStop's key executives?
GameStop's management team includes the following people: Mr. James Anthony Bell , Sr. Adviser (Age 54, Pay $895.52k) Mr. Matthew Furlong , Pre...
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 Tractor Supply (TSCO) , Carvana (CVNA) , Best Buy (BBY) , H & M Hennes & Mauritz AB (publ)...
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...
Is GameStop a buy right now?
What stocks does MarketBeat like better than GameStop?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last twelve months. There are currently 5 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "sell" GameStop stock.#N#View analyst ratings for GameStop or view top-rated stocks.
How were GameStop's earnings last quarter?
Wall Street analysts have given GameStop a "Sell" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but GameStop wasn't one of them.
How has GameStop's stock been impacted by COVID-19 (Coronavirus)?
GameStop Corp. (NYSE:GME) announced its quarterly earnings results on Wednesday, September, 8th. The company reported ($0.76) EPS for the quarter, missing the Zacks' consensus estimate of ($0.67) by $0.09. The business earned $1.18 billion during the quarter, compared to analyst estimates of $1.12 billion.
What price target have analysts set for GME?
GameStop's stock was trading at $4.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GME shares have increased by 4,701.9% and is now trading at $198.80.#N#View which stocks have been most impacted by COVID-19.
What is George Sherman's approval rating as GameStop's CEO?
7 Wall Street analysts have issued 1-year target prices for GameStop's shares. Their forecasts range from $5.00 to $50.00. On average, they expect GameStop's share price to reach $22.00 in the next twelve months.
Who are some of GameStop's key competitors?
342 employees have rated GameStop CEO George Sherman on Glassdoor.com. George Sherman has an approval rating of 26% among GameStop's employees. This puts George Sherman in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
A Short Squeeze Could Save GameStop Investors A Third Time
Some companies that are related to GameStop include Carvana (CVNA), Coupang (CPNG), Chipotle Mexican Grill (CMG), Dollar General (DG), ITOCHU (ITOCY), eBay (EBAY), Walgreens Boots Alliance (WBA), Match Group (MTCH), Ross Stores (ROST), O'Reilly Automotive (ORLY), Seven & i (SVNDY), Yum! Brands (YUM), Compass Group (CMPGY), The Kroger (KR) and AutoZone (AZO).#N#View all of GME's competitors..
GameStop Investors Are Getting Burned Again
Anyone who bought GameStop shares and held them during the past 10 trading sessions are now underwater, some of them by over $100 per share.
Financial Regulation After GameStop: The Game Will Go On!
GameStop announced that it could sell an additional 5 million shares. While this is positive for the company and doesn’t create much dilution, it lost investors almost $6 billion in one day.
GameStop Replaces CEO And CFO With Amazon Executives
The GameStop short squeeze in January 2021 highlighted several problems in financial markets with high media-induced volatility. The risk that these events could pose to the entire financial system opens the door for regulatory discussions: do we need more regulation or wiser regulation?
Earnings Preview: What To Expect From GameStop On Wednesday
GameStop has hired a new CEO and CFO, its current chief executive announced Wednesday, the latest addition to a company whose value has surged in 2021 as retail investors drove demand for the brick-and-mortar gaming store’s shares.
How much revenue did GameStop make in the first quarter?
While AMC and GameStop have seen some short covering, they are still set up for a short squeeze.
Who is Wayne Duggan?
Its business is in a terrible place. In the first quarter, GameStop reported $1.28 billion in first-quarter revenue, down 17.4% from pre-pandemic numbers in 2019. The company also reported a net loss of $66.8 million.
Is GME stock overvalued?
Wayne Duggan has been a U.S. News & World Report Investing contributor since 2016 and is a staff writer at Benzinga, where he has written more than 7,000 articles. Mr.
Is GameStop profitable in 2022?
For sure, GME stock is overvalued compared to where it was just a year ago. The stock is up 4,760% in the past 12 months. But GME stock bulls would argue that short sellers had simply made the stock extremely undervalued a year ago. Unlike the cryptocurrencies that are popular on social media these days, stocks actually represent ownership stakes ...
How much stock did GameStop sell?
Unfortunately, the problem with comparing GameStop to these other struggling peers is that GameStop isn’t expected to be profitable in fiscal 2022 or even fiscal 2023. Consensus analyst estimates are calling for an EPS loss of 74 cents from GameStop in fiscal 2022 and an EPS loss of 22 cents in fiscal 2023.
Why did GameStop stock fall?
As of January 31, executives at BlackBerry and GameStop had sold more than $22 million in stock since January 1. There is no allegation of insider trading among BlackBerry executives, according to CBS News. Three BlackBerry executives sold nearly $1.7 million of the company's stock, with one of the executives, Chief Financial Officer Steve Rai, selling all of his shares in the company excepting unvested employee stock options.
What happened to GameStop in 2021?
GameStop, an American chain of brick-and-mortar video game stores, had struggled in recent years due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person. As a result, GameStop's stock price declined, leading many institutional investors to short sell the stock. On January 22, 2021, approximately 140 percent of GameStop's public float had been sold short, meaning some shorted shares had been re-lent and shorted again. Analysts at Goldman Sachs later noted that short interest exceeding 100 percent of a company's public had only occurred 15 times in the prior 10 years.
How much does George Sherman own?
In January 2021, a short squeeze of the stock of the American video game retailer GameStop ( NYSE : GME) and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares ...
Who owns GameStop?
GameStop CEO George Sherman owns over 2.3 million shares in the company, according to Bloomberg News. These shares were worth $44 million on December 31, but reached $1.1 billion when GameStop's stock reached $469, briefly making him a billionaire, before the value of his stock dropped to $901 million on January 29.
What is gamma squeeze?
However, investor Michael Burry, who had acquired a 3.3-percent stake in GameStop in 2019, criticized the short squeeze, stating that "there should be legal and regulatory repercussions", and adding "this is unnatural, insane, and dangerous".
What happened to Robinhood?
According to the Financial Times, a "gamma squeeze" also took place in addition to the short squeeze: as traders bet on the rise of stocks by purchasing call options, options sellers hedge their positions by purchasing the underlying stocks (here, GameStop and the related securities), thereby driving their prices even higher.
GameStop: Not In The S&P 500 (But Would Be No. 369)
A Robinhood customer filed a class-action lawsuit against the company on January 28 for halting trading on GameStop. The lawsuit, which was filed in the United States District Court for the Southern District of New York, claimed that Robinhood "purposefully, willfully, and knowingly removing the stock 'GME' from its trading platform in the midst of an unprecedented stock rise thereby deprived retail investors of the ability to invest in the open-market"; the lawsuit also accused Robinhood of "manipulating the open-market". Several other investors began using the app DoNotPay to automatically join the lawsuit.
Reading The Message From GameStop Stock
GameStop's prospects aren't great. It sports a middling 49 IBD Composite Rating. That means its chart and fundamentals only outperform 49% of all companies' And the company is seen losing money in fiscal 2022, ended in January 2022.
