Gamestop Corporation (GME) poses a Brand-New Opportunity for Investors with beta value of -0.07

Gamestop Corporation (NYSE: GME) started the day on Thursday, with a price decrease of -1.16% at $20.40, before settling in for the price of $20.64 at the close. Taking a more long-term approach, GME posted a 52-week range of $9.95-$64.83.

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The Consumer Cyclical sector firm’s twelve-monthly sales growth has been -7.52% for the last half of the decade. Nevertheless, stock’s Earnings Per Share (EPS) this year is -150.00%. This publicly-traded company’s shares outstanding now amounts to $426.22 million, simultaneously with a float of $388.27 million. The organization now has a market capitalization sitting at $8.69 billion. At the time of writing, stock’s 50-day Moving Average stood at $23.19, while the 200-day Moving Average is $18.65.

Gamestop Corporation (GME) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Specialty Retail Industry. Gamestop Corporation’s current insider ownership accounts for 8.90%, in contrast to 23.04% institutional ownership. According to the most recent insider trade that took place on Jul 08 ’24, this organization’s Director bought 4,140 shares at the rate of 24.85, making the entire transaction reach 102,879 in total value, affecting insider ownership by 69,228. Preceding that transaction, on Jul 02 ’24, Company’s PFO and PAO sold 403 for 23.43, making the whole transaction’s value amount to 9,443. This particular insider is now the holder of 39,252 in total.

Gamestop Corporation (GME) Earnings and Revenue Records

Gamestop Corporation’s EPS decrease for this current 12-month fiscal period is -150.00% and is forecasted to reach -0.01 in the upcoming year.

Gamestop Corporation (NYSE: GME) Trading Performance Indicators

Let’s observe the current performance indicators for Gamestop Corporation (GME). It’s Quick Ratio in the last reported quarter now stands at 5.52. The Stock has managed to achieve an average true range (ATR) of 1.60. Alongside those numbers, its PE Ratio stands at $158.26, and its Beta score is -0.07. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.91.

In the same vein, GME’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.13, a figure that is expected to reach -0.03 in the next quarter, and analysts are predicting that it will be -0.01 at the market close of one year from today.

Technical Analysis of Gamestop Corporation (GME)

If we take a close look at the recent performances of Gamestop Corporation (NYSE: GME), its last 5-days Average volume was 19.12 million that shows plunge from its year to date volume of 22.12 million. During the previous 9 days, stock’s Stochastic %D was recorded 37.31% While, its Average True Range was 1.67.

Raw Stochastic average of Gamestop Corporation (GME) in the period of the previous 100 days is set at 18.95%, which indicates a major fall in contrast to 19.11% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 86.22% that was lower than 203.68% volatility it exhibited in the past 100-days period.