Gamestop – GME) Continues To Decline – Stocks Register
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A look at the daily price movement shows that the last close reads $164.86, with intraday deals fluctuated between $158.87 and $167.22. The company’s 5Y monthly beta was ticking -2.00. Taking into account the 52-week price action we note that the stock hit a 52-week high of $483.00 and 52-week low of $3.97. The stock subtracted -24.76% on its value in the past month.
GameStop Corp., which has a market valuation of $11.84 billion, is expected to release its quarterly earnings report Sep 07, 2021 – Sep 13, 2021. Analysts tracking GME have forecast the quarterly EPS to shrink by -0.66 per share this quarter, while the same analysts predict the annual EPS to hit -$0.56 for the year 2021 and up to -$0.03 for 2023. In this case, analysts estimate an annual EPS growth of 73.80% for the year and 94.60% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.12 billion, with the likely lows of $1.1 billion and highs of $1.15 billion. Staying with the analyst view, there is a consensus estimate of $5.57 billion for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 9.50% above that which the company brought in 2022.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GME a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned GME a recommendation rating as follows: 2 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the GameStop Corp. (GME) stock as Underweight, with 2 recommending Sell. In general, analysts have rated the stock Underweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that GME’s price is at present -11.93% off the SMA20 and -23.06% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 35.33, with weekly volatility standing at 5.51%. The indicator jumps to 7.00% when calculated based on the past 30 days. GameStop Corp. (((NYSE:GM)E))’s beta value is holding at -2.06, while the average true range (ATR) indicator is currently reading 11.98. Considering analysts have assigned the stock a price target range of $25.00-$190.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $72.50. Based on this estimate, we see that current price is roughly 84.48% off the estimated low and -17.92% off the forecast high. Investors will no doubt be excited to see the share price rise to $37.50, which is the median consensus price, and at that level GME would be 76.73% from current price.
Turning out attention to how the GameStop Corp. stock has performed in comparison to its peers in the industry, here’s what we find: GME’s stock is -2.27% on the day and 3829.76% in the past 12 months, while Apple Inc. (AAPL) traded 0.15% in the last session and was positioned 51.64% up on its price 12 months ago. Another comparison is with AT&T Inc. (T) whose stock price was down -0.85% in the last trading session, and has flourished -5.14% over the past year. Also, Best Buy Co. Inc. (BBY) showed down trend of -1.67% while its price kept floating at 12.32% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.54% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.42%.
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Current records show that the company has 66.00M in outstanding shares. The insiders’ percentage holdings are 2.70% of outstanding shares while the percentage share held by institutions stands at 40.90%. But the 755.20% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.