As GameStop's share price has shot up, short-sellers have scrambled to purchase the shares, creating a short squeeze, contributing to the increase. It is easy to get swept up in the rapid price increase and jump in due to a fear of missing out. I urge you to refrain from doing so since it is likely to end up costing you a lot of money.
Full Answer
Is GameStop a good stock?
Jan 29, 2021 · GameStop is too dangerous to invest in right now. GameStop ( GME -0.95% ) has been all over the news lately as a Reddit group, WallStreetBets, touted the stock. As GameStop's share price has shot...
Is GameStop still a good investment?
Mar 28, 2022 · We can’t lean on the fundamentals when it comes to GameStop because that’s not what drives the stock. With the company operating at a steep loss and the balance sheet a disaster, it is social media...
Should you consider investing in GameStop Corp. (GME)?
Jul 11, 2021 · Should I Buy GameStop Stock: Fundamentals. Based on the current market cap of GameStop the stock seems largely overvalued. The last EPS of the company represented a loss equivalent to -$1.78 per share. Based on the last previous profitable period the company is still massively overvalued in terms of earnings multiples with a theoretical PE of 503.63.
Should you invest in GameStop?
Apr 12, 2022 · While it has now cooled off a bit — down 24% from the high, investors are wondering if this stock still has short-squeeze potential. Acting as potential catalysts, there has been good news ...
Is it a good idea to buy GameStop stock?
Despite the recent uptick in sales, GameStop stock remains a high-risk bet. Launching an NFT marketplace might seem ground-breaking, but it might also be a virtual craze that fizzles out quickly.Jan 20, 2022
Why is GameStop stock going down?
The decline added to significant short-term losses for investors. GameStop's shares are down over 20% so far this year compared to an 8% drop for the market. Thursday's decline came after a rival retailer announced its own holiday season results.Mar 3, 2022
Is GME a good long term investment?
Debt And Balance Sheet: GME Stock Wins That long-term debt has risen by 43.7% over the past five years. At the same time, GameStop currently has $47.5 million in long-term debt. Surprisingly, GameStop's long-term debt has actually declined by 94.1% over the past five years. This is another category with a clear winner.Oct 20, 2021
Is GameStop going out of business?
GameStop Stores Are Closing At the end of 2020, GameStop announced that they planned to close 1,000 stores by March of 2021. GameStop's CFO Jim Bell explained the reasoning behind the closures, saying the move “will allow us to more efficiently and profitably service our customers.”Nov 23, 2021
What happened to GameStop stock in january 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.Jan 31, 2022
Is GME short squeeze over?
The dollar amount of shorted GME shares has greatly declined over the last year, however. 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.Feb 12, 2022
Is GME squeeze higher than AMC?
If you're looking to get into an affordable stock that has a high potential of squeezing, then AMC will be your best bet. It's fundamentals also determine this stock is a good long-term buy. Although GME's hype can still cause a potential squeeze in the future, it's still much lower than AMC's probability.
Can you still buy GME stock?
Yes, you can trade GME stock, but be careful. The stock is now available for trading at all major brokerages.Dec 9, 2021