Gamestop Corporation (NYSE: GME) is 30.80% 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 $22.48 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $22.93, the stock is 4.82% and 3.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.1 million and changing 2.00% at the moment leaves the stock 20.76% off its SMA200. GME registered 36.16% gain for a year compared to 6-month gain of 91.24%. The firm has a 50-day simple moving average (SMA 50) of $22.1512 and a 200-day simple moving average (SMA200) of $19.02675.
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The stock witnessed a 6.60% loss in the last 1 month and extending the period to 3 months gives it a -1.71%, and is 2.78% 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 4.85% over the week and 6.11% over the month.
Gamestop Corporation (GME) has around 8000 employees, a market worth around $9.78B and $4.55B in sales. Current P/E ratio is 177.89. Profit margin for the company is 0.93%. Distance from 52-week low is 130.45% and -64.63% from its 52-week high. The company has generated returns on investments over the last 12 months (0.90%).
with sales reaching $887.7M over the same period.The EPS is expected to shrink by -150.00% this year, but quarterly earnings will post -22.90% year-over-year.
Gamestop Corporation (GME) Top Institutional Holders
382.0 institutions hold shares in Gamestop Corporation (GME), with institutional investors hold 24.20% of the company’s shares. The shares outstanding are 426.51M, and float is at 388.53M with Short Float at 9.41%. Institutions hold 22.14% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 29.7 million shares valued at $733.26 million. The investor’s holdings represent 9.7086% of the GME Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 22.6 million shares valued at $557.98 million to account for 7.3878 of the shares outstanding. The other top investors are STATE STREET CORP which holds 8.07 million shares representing 2.6392% and valued at over $199.33 million, while CITADEL ADVISORS LLC holds 1.8743 of the shares totaling 5.73 million with a market value of $141.56 million.
Gamestop Corporation (GME) Insider Activity
The most recent transaction is an insider purchase by Cheng Lawrence, the company’s Director. 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).
