During the last session, GameStop Corp. (((NYSE:GM)E))’s traded shares were 1.41 million, with the beta value of the company hitting -2.00. At the end of the trading day, the stock’s price was $178.85, reflecting an intraday loss of -3.75% or -$6.96. The 52-week high for the GME share is $483.00, that puts it down -170.06 from that peak though still a striking 97.81% gain since the share price plummeted to a 52-week low of $3.92. The company’s market capitalization is $12.68B, and the average intraday trading volume over the past 10 days was 2.91 million shares, and the average trade volume was 6.42 million shares over the past three months.
GameStop Corp. (GME) received a consensus recommendation of an Underweight from analysts. That translates to a mean rating of 4.00. GME has a Sell rating from 2 analyst(s) out of 4 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.6.
GameStop Corp. (GME) registered a -3.75% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.75% in intraday trading to $178.85 this Thursday, 07/22/21, hitting a weekly high. The stock’s 5-day price performance is 7.21%, and it has moved by -18.85% in 30 days. Based on these gigs, the overall price performance for the year is 4251.58%. The short interest in GameStop Corp. (((NYSE:GM)E)) is 11.11 million shares and it means that shorts have 0.65 day(s) to cover.
The consensus price target of analysts on Wall Street is $72.50, which implies a decrease of -146.69% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $25.00 and $190.00 respectively. As a result, GME is trading at a discount of -6.23% off the target high and 86.02% off the low.
GameStop Corp. (GME) estimates and forecasts
Statistics show that GameStop Corp. has outperformed its competitors in share price, compared to the industry in which it operates. GameStop Corp. (GME) shares have gone up 315.64% during the last six months, with a year-to-date growth rate more than the industry average at 42.52% against 28.90. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 57.10% this quarter and then jump 26.40% in the quarter after that. In the rating firms’ projections, revenue will increase 11.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.13 billion as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $1.23 billion by the end of Oct 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -23.50%. While earnings are projected to return 37.80% in 2021.
GameStop Corp. is due to release its next quarterly earnings between June 23 and June 30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
GameStop Corp. insiders own 19.42% of total outstanding shares while institutional holders control 108.54%, with the float percentage being 134.69%. FMR, LLC is the largest shareholder of the company, while 322 institutions own stock in it. As of Dec 30, 2020, the company held over 9.28 million shares (or 13.11% of all shares), a total value of $174.76 million in shares.
The next largest institutional holding, with 9.22 million shares, is of Blackrock Inc.’s that is approximately 13.02% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $173.65 million.
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Also, the Mutual Funds coming in first place with the largest holdings of GameStop Corp. (GME) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Mar 30, 2021 indicates that iShares Core S&P Smallcap ETF owns about 3.65 million shares. This amounts to just over 5.15 percent of the company’s overall shares, with a $692.01 million market value. The same data shows that the other fund manager holds slightly less at 1.47 million, or about 2.07% of the stock, which is worth about $27.66 million.