Will GameStop Corp. (GME) Stock Do Better Than the Market? | Fintech Zoom | Fintech Zoom
Analysts who follow GameStop Corp. (GME) on average expect it to fall -72.26% over the next twelve months. Those same analysts give the stock an average rating of Sell.
That average rating earns GameStop Corp. an Analyst Ranking of 0, which means it ranks higher than 0 of stocks, based on data compiled by InvestorsObserver.
Wall Street analysts are rating GME a Sell today. Find out what this means to you and get the rest of the rankings on GME!
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What’s Happening With GameStop Corp. Stock Today?
GameStop Corp. (GME) stock is trading at $205.45 as of 1:35 PM on Friday, Sep 17, a loss of -$0.92, or -0.45% from the previous closing price of $206.37. The stock has traded between $200.78 and $212.49 so far today. Volume today is less active than usual. So far 1,412,235 shares have traded compared to average volume of 3,390,934 shares.
Click Here to get the full Stock Report for GameStop Corp. stock.