Is GameStop a good stock?
Apr 23, 2022 · GameStop generated $2.25 billion in sales during the fourth quarter, up roughly 6% from last year. Growth, however, came at a sizeable …
Should I Buy GameStop stock?
Jan 29, 2021 · The borrow fee on GameStop's stock — or the cost-to-borrow shares for the purpose of selling them short — jumped to 29.32% on existing shorts and 50% on new short positions, S3 said.
Should I Buy GameStop now?
Apr 21, 2022 · GameStop generated $2.25 billion in sales during the fourth quarter, up roughly 6% from last year. Growth, however, came at a sizeable …
Should I Buy GameStop Corp. (GME)?
May 27, 2021 · Why GameStop Stock Is Still Wildly Overpriced. ... Furthermore, when comparing the Xbox site versus GameStop, the games sell for the same price, leaving GameStop with no advantage there.
Can I still buy stock in GameStop?
Gamestop is listed on the NYSE and as such, you won't have to pay any commission when you buy stocks in the company on this trading platform. Not only that, but thanks to the broker's acceptance of fractional trading, you can also allocate as little as $5 when making a purchase.Apr 6, 2022
Who holds 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
Is GameStop a good investment now?
GameStop's prospects aren't great as any remaining investors are likely to find out this week. It sports a middling 14 IBD Composite Rating. That means its chart and fundamentals only underperform 86% of all companies' And the company is seen losing money in fiscal 2022, ended in January 2023.Mar 14, 2022
How much is a stock of GameStop worth right now?
Performance OutlookPrevious Close141.56Ask0.00 x 1000Day's Range135.55 - 146.3052 Week Range77.58 - 344.66Volume1,569,6083 more rows•3 days ago
Is GameStop still a thing?
As of January 30, 2021, the company operated 4,816 stores including 3,192 in the United States, 253 in Canada, 417 in Australia and New Zealand and 954 in Europe under the GameStop, EB Games, EB Games Australia, Micromania-Zing, ThinkGeek and Zing Pop Culture brands.
Why is GameStop stock going down today?
Why GameStop Stock Dropped Today The stock price slump came as investors questioned the financial benefit of the company's proposed stock split. GameStop announced in late March that it is planning to roughly triple the number of authorized shares of its common stock, up to 1 billion.
Is GameStop still being shorted?
The dollar volume shorted in GME stock at the end of January 2021 was $4.1B and has since decline significantly. Today, about 24% of GameStop's float remains collectively shorted by different investors. Most of them are likely still hedge funds but it remains unclear at what point a short position was initiated.Feb 12, 2022
What is the highest GameStop stock?
The latest closing stock price for GameStop as of April 20, 2022 is 148.85.The 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 131.5% above the current share price.More items...
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 highest GameStop stock price?
That number is off slightly from the stock's all-time high closing price of $347.51 on January 27 (though the stock spiked very briefly to an all-time high of $483 in intra-day trading on January 28).Jun 9, 2021
NYSE: GME
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
The video game retailer is on the wrong side of industry trends while its stock is expensive
Traders who were fortunate enough to get in the meme stock mania early could have made astronomical returns on GameStop ( GME -1.52% ) stock. The price has more than halved from January, but GameStop stock is still up over 700% on the year in 2021.
1. The company's mounting operating losses
In GameStop's first three quarters of 2021, it lost $234 million on the bottom line. That's after it lost $296 million during the same time the prior year. GameStop operates brick-and-mortar retail stores that sell video games, consoles, and accessories.
2. Poor positioning with adverse industry trends
As I mentioned earlier, GameStop operates brick-and-mortar stores. However, consumers are increasingly moving their spending to e-commerce channels. GameStop has a website, too, but the expenses generated by its thousands of brick-and-mortar stores are weighing on its operating performance.
3. A stock that's too expensive
GameStop's astronomical stock price increase has its shares trading at unreasonably high levels. Before the meme stock frenzy, GameStop's stock had not traded above $100 in the last decade. As of this writing, GameStop is selling for $154.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
How much did GameStop lose in 2019?
GameStop lost $471 million in 2019. Moreover, fourth-quarter fiscal 2020 net sales fell by only 3% from year-ago levels.
Is GameStop a one stop shop?
The retailer previously built a competitive advantage as a one-stop-shop for all things gaming, especially electronic gaming. Customers could visit GameStop to find the latest video games, get refurbished hardware, and buy, sell, or trade games.
Does GameStop take a cut from Xbox?
Yes, it can aggregate available games from each of the manufacturers onto its website. For example, Microsoft ( NASDAQ:MSFT) has agreed to give GameStop a cut for each Xbox game sold on its site. Still, investors have little visibility on the percentage GameStop receives.
Does GameStop have a name?
Moreover, one can say the same for its core game download business. Yes, it can aggregate available games from each of the manufacturers onto its website.
Is GameStop a digital retailer?
GameStop has used its capital to transform itself primarily into a "digital-first, omnichannel retailer.". Also, it has replaced much of its previous executive management team, removing both the CEO and CFO. Experienced internet retail leaders such as incoming chairman of the board Ryan Cohen has joined the company.
Is GameStop losing money in 2021?
GameStop is seen losing money in 2021, a big blow to the fundamental story of GME stock. Meanwhile, many of the forces that propelled GME stock aren't as strong as they were. Shorting activity is down sharply — as short sellers see the risk of their moves and pull back.
Will GME stock fall in 2021?
And most people thought it would fall more. Coming into 2021, GME shares had lost a third of their value over the previous five years. Investors betting the stock would fall, the shorts, controlled GME stock shares in late 2019. That overly bearish bet set up a perfect environment for a massive short-squeeze rally.
Is GME stock volatile?
Also, since GME stock is highly volatile, some stop-loss selling and buying may not work as you'd expect. The stock can be halted on extreme volatility. Also, if you set a limit order, it might not execute at your price if the stock moves too fast.
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.
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.
