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what is gamestop stock prediction

by Ruthie Runte Published 3 years ago Updated 2 years ago
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Gamestop Corp stock price prediction is an act of determining the future value of Gamestop Corp shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Gamestop Corp's future price could yield a significant profit.

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 -18.58% decrease from the last price of 135.11.

Full Answer

Can GameStop stock start winning again?

Volatility is a hallmark of meme stocks like GameStop, and on a day when the stock market bounces sharply higher, it’s undoubtedly going to lift a lot of boats along with it. The video game stock is simply riding the rising tide higher, and it wouldn’t be surprising to see it resume falling again tomorrow.

Could GameStop stock supercharge your portfolio?

Regardless of where you invest, though, there are a few common mistakes that could hurt your earning potential in 2022. When the stock market ... very good chance your portfolio will recover ...

How much is GameStop stock?

Therefore, today’s discussion about GameStop (NYSE:GME) stock is likely to raise some eyebrows ... Luckily, GME stock has an incredible fan base, so they don’t need much fundamental reasoning to believe in it. Having momentum on their side is advantage ...

What is GameStop stock price?

The GameStop stock price is crawling back as investors attempt to buy the dips. GME shares are trading at $126, about 45% above the lowest level this year. The shares dropped by more than 73%, below the highest level in 2021.

What is the ticker symbol for GameStop?

What is the rating of GameStop?

What is Gamestop Corp?

Who sold GME stock?

Does GameStop pay dividends?

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Is GameStop a good stock to buy right now?

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 GameStop stock 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 GameStop go up tomorrow?

Tomorrow's movement Prediction of Gamestop Corporation GME as on 16 Jun 2022 appears undecisive. It can be Bearish or Bullish. You should wait for the first half to take a decision on this stock....Munafa value: 46 as on 16 Thu Jun 2022.Downside target116.49Upside target132.95Upside target133.91Upside target136.626 more rows

What will GameStop stock be 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.

Is GME a strong 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.

Will GME go up again?

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.

Will the GME 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. A growing focus on GameStop actual business performance indicates more downside potential.

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.

How much will GME stock go up?

According to predictions from Wallet Investor, the price of GameStop (GME) stock is expected to rise both in the near and mid-term. For June 2022, the baseline forecast from this service is standing at $104 per share resulting in a 9.2% upside potential.

What happens if you invest 1000 in GameStop?

Jan. If you bought $1,000 worth of shares of GameStop in early January at $19.94 each, you would have seen a 446% return on your investment, and your $1,000 would now be worth $5,461.

What was Gamestops highest stock price?

347.51The all-time high GameStop stock closing price was 347.51 on January 27, 2021.

How much was GameStop worth at its peak?

$2.6 billionAsset manager BlackRock had a roughly 13-percent stake in GameStop, which was worth $2.6 billion at the peak.

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...

Is GAMESTOP Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering ( NYSE : GME ) stock is to Sell GME stock. Out of 2 analysts , 0 ( 0% ) are recommend...

What is GME's earnings growth forecast for 2023-2024?

( NYSE : GME ) GAMESTOP 's forecast annual earnings growth rate of N/A is not forecast to beat the US Specialty Retail industry's average f...

What is GME's revenue growth forecast for 2023-2024?

( NYSE : GME ) GAMESTOP 's forecast annual revenue growth rate of 4.85% is not forecast to beat the US Specialty Retail industry's average...

What is GME's forecast return on assets (ROA) for 2023-2024?

(NYSE: GME) forecast ROA is -8.62%, which is lower than the forecast US Specialty Retail industry average of 14.98%.

What is GME's Price Target?

According to 2 Wall Street analyst s that have issued a 1 year GME price target, the average GME price target is $26.50 , with the highest...

What is GME's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: GME) GAMESTOP's current Earnings Per Share (EPS) is -$6.30. On average, analysts forecast that GME's EPS will be -$5.97 for 2023, with the l...

What is GME's forecast return on equity (ROE) for 2023-2024?

(NYSE: GME) forecast ROE is -18.58%, which is considered weak.

Gamestop Corp Stock price prediction 2022 - (NYSE:GME)

Gamestop Corp stock price prediction is an act of determining the future value of Gamestop Corp shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation.The successful prediction of Gamestop Corp's future price could yield a significant profit.

GME - GameStop Corp Forecast - CNNMoney.com

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.

Walletinvestor.com

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GameStop Corp. (GME) Latest Stock News & Headlines - Yahoo Finance

Get the latest GameStop Corp. (GME) stock news and headlines to help you in your trading and investing decisions.

GME Stock | News | GAMESTOP Stock Price Today | Analyst Opinions ...

GME: Get the latest GameStop stock price and detailed information including GME news, historical charts and realtime prices.

What is the ticker symbol for GameStop?

GameStop trades on the New York Stock Exchange (NYSE) under the ticker symbol "GME."

What is the rating of GameStop?

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.

What is Gamestop Corp?

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.

Who sold GME stock?

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.

Does GameStop pay dividends?

GameStop does not currently pay a dividend.

How much is Gamestop stock worth in 2021?

Gamestop Corporation stock price ended on $180.36 on Friday after gaining 0.84% (Updated on July 23, 2021) The Gamestop Corporation stock price gained 0.84% on the last trading day (Friday, 23rd Jul 2021), rising from $178.85 to $180.36.

What is GameStop Corp?

GameStop Corp. operates as an omnichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, including downloadable content, network points cards, prepaid digital and subscription cards,... Read more

What is the price target for GME in 2021?

On Sep 27, 2021 "Ascendiant Capital Markets" gave "" rating for GME. The price target was changed from $185.16 to 3.2% .

Is Gamestop a buy candidate?

Gamestop Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Is Gamestop stock a sell or buy signal?

Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gamestop Corporation stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal.

How much did GameStop stock go up in 2021?

This was the case in January 2021 when, after going viral thanks to activity on Reddit’s Wallstreetbets retail investing forum, when the GameStop stock price went from $17.25 to $483, an increase of 2,700 per cent.

When will GameStop release Q2 results?

The company released its Q1 2021 results last June, when it claimed to be recovering previous losses, and will release its Q2 results on September 8. In the light of the latest news, what is the GameStop price prediction for this year?

What is the target price of GME in 2021?

Walletinvestor' s GameStop stock prediction 2021 sees GME target price at $166.772 in December 2021 or moving among a $133.104 support and a $199.373 resistance.

Where is GameStop located in 2021?

After the first clamorous enthusiasm recorded in January, GameStop witnessed a second rise in March 2021, as it announced the expansion of its North American fulfilment network through its entry into a lease of a 700,000 square-foot centre in Pennsylvania.

Is GameStop making profit?

Nevertheless, GameStop has not managed to generate a profit since 2017. More than 1,000 stores closed in 2019 and 2020 as the pandemic apparently hit the company hard.

Is GameStop losing in 2021?

The second cycle accompanied the company's last results as GME posted a positive Q1 2021, with it recovering, though not completely, from losses. GameStop witnessed an operating loss of $40.8m, against a $108m loss in the 2irst financial quarter of 2020

GME earnings per share forecast

What is GME 's earnings per share in the next 2 years based on estimates from 2 analyst s?

GME revenue forecast

What is GME 's revenue in the next 2 years based on estimates from 2 analyst s?

GME revenue growth forecast

How is GME forecast to perform vs Specialty Retail companies and vs the US market?

GameStop Stock Forecast and Predictions

In 2021, GameStop was by far the most talked-about stock of the year. Earlier in the year (late January), this video game rental company was the subject of a short squeeze. This short squeeze dominated the news cycle and was accompanied by several lawsuits, most of which are still ongoing.

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Regardless of sanctions or even a prolonged guerrilla war, Russia supplies Europe and the world with a lot of stuff they have to have.

Why does GameStop use stock?

GameStop uses stock rally to reduce debt and gear up for transformation. The meteoric rise in the share price has allowed GameStop to raise funds from the equity market to pay down its debt. In April, the company sold 3.5 million shares for $551m and announced the redemption of $216.4m in its outstanding 10.0% Senior Notes due in 2023, ...

How much will GameStop stock go up in 2021?

In its GameStop share price forecast of 28 October, algorithm-based forecasting site Wallet Investor predicts the share price will climb over the long term from $175.97 at the end of 2021, to $226.67 by the end of 2022, $277.40 by the end of 2023 and $378.33 by the end of 2025.

What is the price of GME stock in 2021?

The GME share price exploded to a record intraday high of $483 a share on 28 January 2021, having traded as low as $3.77 a share in the summer of 2020. Retail investors flocked to the stock in anticipation of a short squeeze, with the company expected to benefit from the growth of gaming and demand for new consoles.

How much did GameStop lose in 2020?

The company reduced its net loss to $215.3m for the year, down from $470.9m in the previous financial year.

When will Gamestop release results for the second quarter of 2021?

On 8 September Gamestop released financial results for the second quarter ended 31 July 2021.

Is GameStop closing stores?

Cohen invested in the company in 2020 and has been pushing it to close unprofitable stores and focus on e-commerce sales. GameStop wound down operations in Denmark, Finland, Norway and Sweden last year, the company said in its previous financial report.

Is GameStop going through a shakeup?

GameStop is undergoing a complete management shakeup, with almost all the top executives leaving the company. Sherman resigned as CEO in April and will step down in July. Most of the company’s directors did not stand for reelection at the annual shareholder’s meeting on 9 June.

What is predictive trading on Gamestop?

Most predictive techniques to examine Gamestop price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Gamestop using various technical indicators. When you analyze Gamestop charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

How to determine Gamestop Corp value?

Investors typically determine Gamestop Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gamestop Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

How to analyze Gamestop Corp?

Most of Gamestop Corp's value examination focuses on studying past and present price action to predict the probability of Gamestop Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Gamestop Corp's price. Additionally, you may evaluate how the addition of Gamestop Corp to your portfolios can decrease your overall portfolio volatility.

What is the intrinsic value of Gamestop?

Investors also form their own opinion of Gamestop Corp's value that differs from its market value or its book value , called intrinsic value, which is Gamestop Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value.

Why are people not buying Gamestop?

In that case, they are not buying Gamestop because the equity is a good investment, but because they need to do something to avoid the feeling of missing out.

Is Gamestop Corp a steady company?

Gamestop Corp is very steady asset. Analysis and calculation of next after-hype price of Gamestop Corp is based on 3 months time horizon.

Is Gamestop Corp a financial analysis?

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Gamestop Corp. Your research has to be compared to or analyzed against Gamestop Corp's peers to derive any actionable benefits. When done correctly, Gamestop Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Gamestop Corp.

How long will GameStop stock be volatile?

This volatility will likely continue until the investigations are concluded. This process could take months to years.

Why are Reddit traders backing GameStop?

However, a big reason why Reddit traders rallied behind GameStop at all is because they still believe in the company.

Is GameStop volatile?

Note: GameStop’s price has still been very volatile in the short term. Use caution if you’re considering investing.

Does Citadel need to buy stock?

Citadel still needed to buy shares of stock so it could return them. However, Reddit traders just kept buying shares and holding them. This forced the price up even higher.

What is the ticker symbol for GameStop?

GameStop trades on the New York Stock Exchange (NYSE) under the ticker symbol "GME."

What is the rating of GameStop?

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.

What is Gamestop Corp?

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.

Who sold GME stock?

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.

Does GameStop pay dividends?

GameStop does not currently pay a dividend.

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