Should you Buy GameStop stock?
Ranging from #1 (Strong Buy ... with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. GameStop is currently sporting a Zacks Rank of #3 (Hold). Investors should also ...
How to Buy GameStop stock?
To that end, you should be aware of the 3 warning signs we've spotted with GameStop . Of course GameStop may not be the best stock to buy. So you may wish to see this free collection of growth stocks. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
What happened with GameStop stock?
This phenomenon is known as a short squeeze. And it worked spectacularly well. 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 ...
Is GameStop stock a buy?
GameStop was, and remains unworthy of your ... in order to develop an NFT marketplace. 7 Best Blue-Chip Stocks to Buy for Safety in This Volatile Market As explained in a recent Barron’s article ...
Is GameStop a good investment?
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.
What was the GameStop stock thing?
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.
Is GameStop stock still a thing?
GameStop's stock continues to baffle market experts. Investors in GameStop are back on board a volatile roller coaster more than a year after the so-called "meme stock" phenomenon nabbed headlines in early 2021.
Why is GameStop stock so high?
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 did GameStop do with the money?
The company erased its long-term debt, paying off everything "other than a $47.5 million low-interest loan associated with the French government's pandemic response." While not enough on its own to reverse GameStop's loss of sales over time, freedom from debt will likely be a meaningful benefit to the company going ...
How much did short sellers lose on GameStop?
GameStop Short Sellers Lose $200 Million In August Extending Their Losses As Shorted Shares Continue To Drop.
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.
Will the GameStop squeeze happen?
GameStop's share price also went through a large drop in pricing. A short squeeze, one year after GME gained traction on WallStreetBets, is unlikely to happen.
How do I buy shares in GameStop?
You log in to your online brokerage, search for GameStop share, insert the number of shares you wish to buy, and click buy, which will initiate the purchase of shares (in trading lingo: execute the buy order).
Is GameStop profitable?
GameStop annual revenue for 2021 was $5.09B, a 21.28% decline from 2020. GameStop annual revenue for 2020 was $6.466B, a 21.96% decline from 2019....Compare GME With Other Stocks.GameStop Annual Revenue (Millions of US $)2022$6,0112021$5,0902020$6,4662019$8,28510 more rows
Why is GameStop price going up?
On December 30, 2020, the price was valued at 18.84 U.S. dollars per share. The cause of this dramatic increase is a concerted effort via social media to raise the value of the company's stock, intended to negatively affect professional investors planning to 'short sell' GameStop shares.
How much is GameStop shorted?
GameStop continues to be a strongly shorted stock, with short interest levels exceeding 20% of its rather modest float of 63 million shares – AMC, for example, has a float of 513 million units.
Is GameStop a buy right now?
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last twelve months. There are currently...
When is GameStop's next earnings date?
GameStop is scheduled to release its next quarterly earnings announcement on Wednesday, June 1st 2022. View our earnings forecast for GameStop .
How can I listen to GameStop's earnings call?
GameStop will be holding an earnings conference call on Wednesday, June 1st at 5:00 PM Eastern. Interested parties can register for or listen to th...
How were GameStop's earnings last quarter?
GameStop Corp. (NYSE:GME) announced its earnings results on Thursday, March, 17th. The company reported ($1.86) EPS for the quarter, missing the co...
What price target have analysts set for GME?
2 analysts have issued 1-year price objectives for GameStop's stock. Their forecasts range from $30.00 to $146.00. On average, they anticipate Game...
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 Compass Group (CMPGY) , MercadoLibre (MELI) , AutoZone (AZO) , Chipotle Mexican Grill (CMG)...
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 stock a Buy, Sell or Hold?
GameStop stock has received a consensus rating of sell. The average rating score is and is based on 2 buy ratings, 1 hold ratings, and 9 sell ratings.
What was the 52-week low for GameStop stock?
The low in the last 52 weeks of GameStop stock was 77.59. According to the current price, GameStop is 176.84% away from the 52-week low.
What was the 52-week high for GameStop stock?
The high in the last 52 weeks of GameStop stock was 344.65. According to the current price, GameStop is 39.81% away from the 52-week high.
What are analysts forecasts for GameStop stock?
The 12 analysts offering price forecasts for GameStop have a median target of 20.79, with a high estimate of 50.00 and a low estimate of 3.50. The...
About GameStop
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
So, What the Bloody Hell Happened?
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.
How Could This Happen?
Why r/wallstreetbets chose GameStop in particular is not entirely clear. GameStop was in crisis due to the pandemic and is certainly happy about the attention. In the subreddit, people have been betting on GameStop shares over and over again for several months, driving up the prices. At the highest point, the value of a share was over $400.
Why Is This a Problem?
The traders at r/wallstreetbets are using a strategy that is actually super sophisticated. Normally, you buy stocks hoping that the price will rise, and you cancel them for more money. But there are also cases where bets are made on a falling price. Now, it's time for some economics...
The GameStop short squeeze was a David versus Goliath battle
First of all, the whole thing sounds like a funny meme. “ Suck it, Wall Street, we'll take your money and push GameStop! ” This makes it all seems like a laughing matter, when actually, the whole thing is not without danger. This is because such sharp increases in stock prices can create bubbles in the market.
What happened to GameStop stock in 2021?
Many touted the tussle between Wall Street firms and retail investors as the David versus Goliath battle and a “democratization” of stock markets. Indeed, acting as a cohort, WallStreetBets members almost led to the demise of Melvin Capital.
GME stock was an epic short squeeze
GameStop stock entered 2021 on a strong note after almost tripling in 2020 amid optimism over its restructuring and the pivot towards e-commerce. However, Wall Street funds weren't too convinced about the rally and went overboard shorting the stock.
GameStop stock continued to plunge
WallStreetBets members pounced on the opportunity and went on a buying spree. The “diamond hands” or the “HODLers” wouldn’t simply sell their shares and as a result, the short borrow fees on GameStop exploded. Left with no option, shorts had to cover their positions at a massive loss.
GameStop continues to fall in 2022
GameStop stock remained volatile with a downwards bias and by the middle of February, it was trading near $40—a fall of over 90 percent from its peaks. However, the stock soared again in March and traded above $200 that month.
