Gamestop Corporation (NYSE: GME) is 29.26% higher on its value in year-to-date trading and has touched a low of $9.95 and a high of $64.83 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GME stock was last observed hovering at around $22.40 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $22.66, the stock is 0.32% and -8.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.42 million and changing 1.16% at the moment leaves the stock 27.17% off its SMA200. GME registered 23.29% gain for a year compared to 6-month gain of 60.48%.
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The stock witnessed a -9.25% loss in the last 1 month and extending the period to 3 months gives it a 2.03%, and is 3.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.23% over the week and 4.88% over the month.
Gamestop Corporation (GME) has around 8000 employees, a market worth around $9.66B and $4.92B in sales. Current P/E ratio is 278.04. Profit margin for the company is 0.51%. Distance from 52-week low is 127.74% and -65.05% from its 52-week high. The company has generated returns on investments over the last 12 months (1.46%).
The EPS is expected to shrink by -266.67% this year.
Gamestop Corporation (GME) Top Institutional Holders
377.0 institutions hold shares in Gamestop Corporation (GME), with institutional investors hold 31.50% of the company’s shares. The shares outstanding are 426.22M, and float is at 388.05M with Short Float at 9.77%. Institutions hold 28.10% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.36 million shares valued at $$317.44 million. The investor’s holdings represent 8.3104 of the GME Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 22.62 million shares valued at $$283.19 million to account for 7.4138 of the shares outstanding. The other top investors are STATE STREET CORP which holds 8.28 million shares representing 2.7151 and valued at over $$103.71 million, while GEODE CAPITAL MANAGEMENT, LLC holds 1.4167 of the shares totaling 4.32 million with a market value of $$54.13 million.
Gamestop Corporation (GME) Insider Activity
The most recent transaction is an insider purchase by Cheng Lawrence,the company’sDirector. SEC filings show that Cheng Lawrence bought 4,140 shares of the company’s common stock on Jul 08 ’24 at a price of $24.85 per share for a total of $0.1 million. Following the purchase, the insider now owns 69228.0 shares.
Gamestop Corporation disclosed in a document filed with the SEC on Jul 02 ’24 that Moore Daniel William (PFO and PAO) sold a total of 403 shares of the company’s common stock. The trade occurred on Jul 02 ’24 and was made at $23.43 per share for $9443.0. Following the transaction, the insider now directly holds 39252.0 shares of the GME stock.
Still, SEC filings show that on Jul 02 ’24, Robinson Mark Haymond (General Counsel and Secretary) disposed off 565 shares at an average price of $23.43 for $13239.0. The insider now directly holds 59,594 shares of Gamestop Corporation (GME).
