GME) Be A Safe Investment Now? – Stocks Register
Actively observing the price movement in the last trading, the stock closed the session at $218.24, falling within a range of $208.02 and $231.439. The value of beta (5-year monthly) was -2.00. Referring to stock’s 52-week performance, its high was $483.00, and the low was $5.87. On the whole, GME has fluctuated by 39.42% over the past month.
With the market capitalization of GameStop Corp. currently standing at about $15.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jun 23, 2021 – Jun 30, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.66, which is expected to increase to -$0.12 for fiscal year -$0.56 and then to about -$0.03 by fiscal year 2023. Data indicates that the EPS growth is expected to be 73.80% in 2023, while the next year’s EPS growth is forecast to be 94.60%.
Analysts have estimated the company’s revenue for the quarter at $1.12 billion, with a low estimate of $1.1 billion and a high estimate of $1.15 billion. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $5.57 billion, representing an increase of 9.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GME’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
5 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 2 analyst(s), 0 recommend it as a Buy and 0 called the GME stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 3 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Underweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GME currently trading nearly 22.93% and 17.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.83, while the 7-day volatility ratio is showing 7.88% which for the 30-day chart, stands at 8.28%. Furthermore, GameStop Corp. (GME)’s beta value is -2.08, and its average true range (ATR) is 14.94. The company’s stock has been forecasted to trade at an average price of $62.00 over the course of the next 52 weeks, with a low of $20.00 and a high of $190.00. Based on these price targets, the low is 90.61% off current price, whereas the price has to move 10.79% to reach the yearly target high. Additionally, analysts’ median price of $25.00 is likely to be welcomed by investors because it represents an increase of 88.26% from the current levels.
A comparison of GameStop Corp. (GME) with its peers suggests the former has fared considerably weaker in the market. GME showed an intraday change of -2.41% in last session, and over the past year, it grew by 2683.92%%. In comparison, Apple Inc. (AAPL) has moved higher at 0.45% on the day and was up 13.66% over the past 12 months. On the other hand, the price of AT&T Inc. (T) has fallen -0.84% on the day. The stock, however, is off -7.74% from where it was a year ago. Additionally, there is a gain of 0.23% for Best Buy Co. Inc. (BBY) in last trading while the stock has seen an overall depriciation of 2.89%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.03%. Meanwhile, the Dow Jones Industrial Slipped by -0.14%.
Data on historical trading for GameStop Corp. (((NYSE:GM)E)) indicates that the trading volumes over the past 10 days have averaged 6.46 million and over the past 3 months, they’ve averaged 4.94 million. According to company’s latest data on outstanding shares, there are 66.00 million shares outstanding.
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Nearly 2.70% of GameStop Corp.’s shares belong to company insiders and institutional investors own 37.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.08 million shares as on Jul 14, 2021, resulting in a short ratio of 1.89. According to the data, the short interest in GameStop Corp. (GME) stood at 10.86% of shares outstanding as of Jul 14, 2021; the number of short shares registered in Jun 14, 2021 reached 9.67 million. The stock has risen by 1030.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GME stock heading into the next quarter.