Gamestop Corporation (NYSE: GME) is 4.72% 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 $31.65 in the last trading session, with the day’s gains setting it 1.17%.
Currently trading at $32.82, the stock is 8.78% and 19.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.48 million and changing 3.70% at the moment leaves the stock 44.84% off its SMA200. GME registered 100.61% gain for a year compared to 6-month gain of 34.23%. The firm has a 50-day simple moving average (SMA 50) of $27.3074 and a 200-day simple moving average (SMA200) of $22.5635.
The stock witnessed a 21.42% loss in the last 1 month and extending the period to 3 months gives it a 53.36%, and is 1.93% 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 5.58% over the week and 6.98% over the month.
Gamestop Corporation (GME) has around 8000 employees, a market worth around $15.14B and $4.33B in sales. Current P/E ratio is 183.56. Profit margin for the company is 1.45%. Distance from 52-week low is 229.85% and -49.38% from its 52-week high. The company has generated returns on investments over the last 12 months (1.24%).
with sales reaching $1.48B over the same period.The EPS is expected to grow by 16.67% this year, but quarterly earnings will post -23.80% year-over-year. Quarterly sales are estimated to shrink -17.63% in year-over-year returns.
Gamestop Corporation (GME) Top Institutional Holders
397.0 institutions hold shares in Gamestop Corporation (GME), with institutional investors hold 31.36% of the company’s shares. The shares outstanding are 446.80M, and float is at 407.07M with Short Float at 7.63%. Institutions hold 28.70% 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 sale by Moore Daniel William,the company’sPFO and PAO. SEC filings show that Moore Daniel William sold 895 shares of the company’s common stock on Jan 03 ’25 at a price of $31.07 per share for a total of $27806.0. Following the sale, the insider now owns 31385.0 shares.
Gamestop Corporation disclosed in a document filed with the SEC on Jan 03 ’25 that Robinson Mark Haymond (General Counsel and Secretary) sold a total of 1,577 shares of the company’s common stock. The trade occurred on Jan 03 ’25 and was made at $31.07 per share for $48994.0. Following the transaction, the insider now directly holds 42350.0 shares of the GME stock.
Still, SEC filings show that on Jan 03 ’25, Daniel Moore (Officer) Proposed Sale 895 shares at an average price of $31.07 for $27806.0. The insider now directly holds shares of Gamestop Corporation (GME).
