How Have GameStop Corp. (GME) Insiders Been Trading?

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GameStop Corp. (NYSE:GME) finished Thursday with a subtraction of -$2.16 to close at $24.70, a downside of -8.04 percent. An average of 3,882,280 shares of common stock have been traded in the last five days. There was a fall of -$3.91 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 5,562,960 shares traded, while the 50-day average volume stands at 7,193,322.

GME stock has decreased by -26.33% in the last month. The company shares reached their 1-month lowest point of $23.42 on 09/07/22. With the stock rallying to its 52-week high on 03/29/22, shares of the company touched a low of $19.40 and a high of $63.92 in 52 weeks. It has reached a new high 4 times so far this year and lost -33.42% or -$12.40 in price. In spite of this, the price is down -61.36% from the 52-week high.


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Insider Transactions

185 days have passed since GameStop Corp. (GME) last reported insider trading activity. Saadeh-Jajeh Diana, who is SVP, Chief Accounting Officer, most recently acquired $743 shares at $125.00 per share on Mar 22.

Valuation Metrics

GameStop Corp. (GME) stock’s beta is -0.58. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.24, the price-to-book (PB) ratio at 5.59.

Financial Health

The quick ratio of GameStop Corp. for the three months ended April 29 was 1.40, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.02 and a total debt to equity ratio of 0.03 for the quarter ending April 29. Its gross profit as reported stood at $1.35 billion compared to revenue of $6.01 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, GameStop Corp.’s return on assets was -15.80%.

Earnings Surprise

For the three-month period that ended April 29, GameStop Corp. had $32.1 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$108.7 million in the quarter, while revenues of -$157.9 million were grew 43.33%. The analyst consensus anticipated GameStop Corp.’s latest quarter earnings to come in at -$0.36 per share, but it turned out to be -$0.52, a -44.40% surprise. For the quarter, EBITDA amounted to -$92.5 million. Shareholders own equity worth $304.53 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at GameStop Corp. (GME) price momentum. RSI 9-day as of the close on 22 September was 28.83%, suggesting the stock is oversold, with historical volatility in this time frame at 52.08%.

As of today, GME’s price is $27.34 -13.67% or -$3.91 from its 5-day moving average. GME is currently trading -24.00% lower than its 20-day SMA and -21.00% lower than its 100-day SMA. However, the stock’s current price level is -30.07% below the SMA50 and -40.88% below the SMA200.

The stochastic %K and %D were 42.58% and 53.73%, respectively, and the average true range (ATR) was 2.15. With the 14-day stochastic at 18.50% and the average true range at 2.27, the RSI (14) stands at 33.27%. The stock has reached -1.47 on the 9-day MACD Oscillator while the 14-day reading was at -0.91.

Analyst Ratings

Ascendiant Capital Markets downgraded GameStop Corp. (NYSE: GME) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for GameStop Corp. (GME) among analysts is Underweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GME, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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