On May 22, 2023, GameStop Corp. (NYSE: GME) opened at $22.10, higher 9.75% from the last session. During the day, the shares moved up to $24.36 and dropped to $21.99 before settling in for the closing price of $22.06. Price fluctuations for GME have ranged from $15.41 to $47.99 over the past 52 weeks.
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Consumer Cyclical Sector giant saw their annual sales slid by -7.10% over the last five years. Company’s average yearly earnings per share was noted 21.60% at the time writing. With a float of $256.96 million, this company’s outstanding shares have now reached $304.50 million.
The firm has a total of 11000 workers. Let’s measure their productivity. In terms of profitability, gross margin is +22.13, operating margin of -5.21, and the pretax margin is -5.10.
GameStop Corp. (GME) Insider Activity
A key investor’s attitude towards the stock of the Specialty Retail industry is another important factor to consider. The insider ownership of GameStop Corp. is 15.54%, while institutional ownership is 26.00%. The most recent insider transaction that took place on Mar 29, was worth 113,989. In this transaction Director of this company bought 5,000 shares at a rate of $22.80, taking the stock ownership to the 37,088 shares.
GameStop Corp. (GME) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 1/30/2023, the company posted $0.16 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.13) by $0.29. This company achieved a net margin of -5.28 while generating a return on equity of -21.41. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 21.60% per share during the next fiscal year.
GameStop Corp. (NYSE: GME) Trading Performance Indicators
Check out the current performance indicators for GameStop Corp. (GME). In the past quarter, the stock posted a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.30. Likewise, its price to free cash flow for the trailing twelve months is 147.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.03, a number that is poised to hit -0.21 in the next quarter and is forecasted to reach -0.37 in one year’s time.
Technical Analysis of GameStop Corp. (GME)
Analysing the last 5-days average volume posted by the [GameStop Corp., GME], we can find that recorded value of 3.63 million was lower than the volume posted last year of 4.65 million. As of the previous 9 days, the stock’s Stochastic %D was 83.19%. Additionally, its Average True Range was 1.03.
During the past 100 days, GameStop Corp.’s (GME) raw stochastic average was set at 75.93%, which indicates a significant decrease from 97.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.91% in the past 14 days, which was lower than the 82.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.82, while its 200-day Moving Average is $23.88. Now, the first resistance to watch is $25.05. This is followed by the second major resistance level at $25.89. The third major resistance level sits at $27.42. If the price goes on to break the first support level at $22.68, it is likely to go to the next support level at $21.15. Should the price break the second support level, the third support level stands at $20.31.
GameStop Corp. (NYSE: GME) Key Stats
There are currently 304,717K shares outstanding in the company with a market cap of 7.71 billion. Presently, the company’s annual sales total 5,927 M according to its annual income of -313,100 K. Last quarter, the company’s sales amounted to 2,226 M and its income totaled 48,200 K.
