GameStop Corp. (NYSE:GME) saw a downside of -6.60% to close Tuesday at $17.26 after subtracting -$1.22 on the day. The 5-day average trading volume is 2,751,600 shares of the company’s common stock. It has gained $19.34 in the past week and touched a new high 1 time within the past 5 days. An average of 2,327,705 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,994,960.
GME’s 1-month performance is -25.09% or -$4.92 on its low of $17.25 reached on 08/22/23. The company’s shares have touched a 52-week low of $15.41 and high of $36.20, with the stock’s rally to the 52-week high happening on 06/13/23. YTD, GME has lost -6.50% or -$1.20 and has reached a new high 13 times. However, the current price is down -52.32% from the 52-week high price.
Insider Transactions
GME stock investors last saw insider trading activity on Jul 10.Patel Nir Vinay (Chief Operating Officer) most recently sold 101,924 shares at $22.44 per share on Jul 10. This transaction cost the insider $2,287,674. Chief Operating Officer, Patel Nir Vinay, sold 20,149 shares at a price of $23.27 on Jul 06. Then, on Jul 06, Chief Financial Officer Saadeh-Jajeh Diana sold 10,484 shares at a price of $23.27 per share. This transaction amounted to $243,931.
Valuation Metrics
GME stock has a beta of -0.14. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.91 while the price-to-book (PB) in the most recent quarter is 4.13, with the price to cash flow ratio at 20.63.
GameStop Corp.’s quick ratio for the period ended April 29 was 1.10, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending April 29 was 0.02, while the total debt to equity was 0.03.. In terms of profitability, the gross margin trailing 12 months is 23.50%. The trailing 12-month EBITDA margin is -4.17% while for the period ending April 29, GameStop Corp.’s operating margin was -3.70%. The firm’s gross profit as reported stood at $1.37 billion against revenue of $5.93 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -212.67% to -$50.5 million, while revenue of $48.2 million was 195.45% off the previous quarter. Analysts expected GME to announce -$0.12 per share in earnings in its latest quarter, but it posted -$0.14, representing a -16.70% surprise. EBITDA for the quarter stood at more than -$44.7 million. GME stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 1.8 billion, with total debt at $650.5 million. Shareholders hold equity totaling $304.75 million.
Let’s look briefly at GameStop Corp. (GME) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 13.04% to suggest the stock is trending oversold, with historical volatility in this time period at 36.58%.
The stock’s 5-day moving average is $18.21, reflecting a -10.71% or -$2.07 change from its current price. GME is currently trading -24.46% above its 20-day SMA, -23.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -23.90% and SMA200 by-35.16%.
Stochastic %K and %D was 4.99% and 4.49% and the average true range (ATR) pointed at 0.80. The RSI (14) points at 20.68%, while the 14-day stochastic is at 0.22% with the period’s ATR at 0.84. The stock’s 9-day MACD Oscillator is pointing at -0.94 and -1.57 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for GameStop Corp. (NYSE: GME), Wedbush reiterated its an Underperform rating for the company but lifted their price target by $6.50 to $6.20. Analysts offering their rating for GME stock have a consensus rating for the stock as Underweight. Currently, 1 brokerage advisors rate GME as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is GME’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.20 and a high of $20.00, with their median price target at $13.10. Looking at these predictions, the average price target given by analysts is for GameStop Corp. (GME) stock is $13.10.
