Updated 3/21/2024: An earlier version of this article had a title that incorrectly indicated that Gamestop had already posted their quarterly earnings. Gamestop will be posting their earnings on March 26th.
GameStop (NYSE:GME - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, March 26th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.
GameStop Stock Down 3.8 %
GME stock traded down $0.53 during mid-day trading on Tuesday, reaching $13.39. The company's stock had a trading volume of 3,887,614 shares, compared to its average volume of 2,965,129. The business's 50 day moving average price is $14.43 and its 200 day moving average price is $15.11. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.02. GameStop has a 12 month low of $11.82 and a 12 month high of $27.65.
Analyst Upgrades and Downgrades
Several research firms have recently commented on GME. Wedbush restated an "underperform" rating and set a $6.00 price objective on shares of GameStop in a report on Thursday, November 30th. StockNews.com downgraded GameStop from a "hold" rating to a "sell" rating in a report on Tuesday.
View Our Latest Research Report on GME
Institutional Investors Weigh In On GameStop
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of GameStop by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 25,450,256 shares of the company's stock valued at $446,143,000 after buying an additional 167,145 shares during the last quarter. BlackRock Inc. boosted its position in shares of GameStop by 0.7% during the first quarter. BlackRock Inc. now owns 22,123,259 shares of the company's stock valued at $509,277,000 after buying an additional 145,855 shares during the last quarter. State Street Corp boosted its position in shares of GameStop by 4.3% during the first quarter. State Street Corp now owns 7,565,856 shares of the company's stock valued at $174,165,000 after buying an additional 311,487 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of GameStop by 3.5% during the first quarter. Geode Capital Management LLC now owns 3,617,565 shares of the company's stock valued at $83,276,000 after buying an additional 121,916 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of GameStop by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,954,302 shares of the company's stock valued at $36,076,000 after buying an additional 104,157 shares during the last quarter. Institutional investors own 39.46% of the company's stock.
GameStop Company Profile
(Get Free Report)
GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.
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