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NYSE:GME

GameStop (GME) Stock Forecast, Price & News

$17.18
+0.16 (+0.94%)
(As of 09/22/2023 ET)
Compare
Today's Range
$17.00
$17.34
50-Day Range
$16.37
$23.17
52-Week Range
$15.41
$34.99
Volume
2.10 million shs
Average Volume
4.19 million shs
Market Capitalization
$5.24 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.00

GameStop MarketRank™ Forecast

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
65.1% Downside
$6.00 Price Target
Short Interest
Bearish
16.79% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.03
Upright™ Environmental Score
News Sentiment
0.56mentions of GameStop in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$3.01 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.17) to ($0.20) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

0.86 out of 5 stars

Retail/Wholesale Sector

194th out of 196 stocks

Computer & Software Stores Industry

1st out of 1 stocks


GME stock logo

About GameStop (NYSE:GME) Stock

GameStop Corp. is a specialty retailer founded in 1999 and headquartered in Grapevine, Texas. The company was originally known as GSC Holdings Corp. but later changed its name following its IPO. Originally a brand of then dominant Babbages, Gamestop altered the way video games were distributed and it is now the world's largest retailer of video games and video game accessories. The company went public in 2004 and operated 4,573 stores at the start of 2022. Brands under the company umbrella include Gamestop, EB Games, and Micromania as well as 50 pop-culture-themed Zing Pop locations.

Gamestop Corp. provides video games and entertainment products through its global network of e-commerce properties and stores. The company sells new and pre-owned gaming platforms and accessories like controllers, headsets, memory cards, and gaming software as well as in-game products like digital currency, downloadable content, and games. The company also sells new and used memorabilia and collectibles. Genres include TV, movie, comic book, and game characters as well as many other items from pop culture. GameStop Corp. also operates Game Informer, a magazine and website dedicated to the gaming industry including reviews, updates, and new developments in technologies.

Game enthusiasts enjoy two primary benefits of using Gamestop. The first is access to the full range of games and gaming accessories. The second is the ability to sell or trade their old equipment and games for fair prices. All old equipment is refurbished to a like-new state before resale.

In 2021 Gamestop announced it was entering the world of cryptocurrency. The company revealed plans to build an NFT (non-fungible token) platform for listing, selling, and holding digital or digitized artwork and collectibles. The beta version launched in 2022 and has so far seen great success with an average daily volume exceeding $1 million. The NFT marketplace also featured Web3.0 games in which characters and in-game items are held forever on the blockchain. As of September 2022, the most successful retailer on the NFT marketplace was Gamestop Presents, a collaboration of cover art from Game Informer Magazine. Sales at the time were just under 168 ETH or about $221,500.00.

GameStop began a slide in 2016 following a series of bad investments that included a foray into the world of mobile phones. The slide came to an end in late 2021 when shareholders using the Reddit thread Wallstreet Bets orchestrated a short-squeeze and brought on the age of meme stocks.

 

GME Price History

GME Stock News Headlines

8 Best Artificial Intelligence Stocks Under $10 (GME)
If you want to get in on artificial intelligence (AI) but don’t want to spend a lot, why not consider artificial intelligence stocks under $10? Learn more.
2 Reasons GameStop Will Pop and 4 Why it Won't
GameStop shares are up following a better-than-expected Q2 report but the rally may not continue due to several factors weighing on the outlook
Biden's latest bailout--terrible for America?
And a consultant for the Dept. of Defense (Joel Litman) says this is all leading to an event in the next 20 months that could help some get vastly wealthier… but also make it harder than ever to hang onto any money you make.This might be the most important development affecting you and your money over the next few years—
8 Best Meme Stocks to Buy Now (GME)
Meme stocks took the investing world by storm in 2021, but is it still beneficial to invest meme stocks now? Learn about the best meme stocks to buy now.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
GameStop: Boom or Bust?
GameStop (NYSE:GME) Rating Lowered to Sell at StockNews.com
GameStop Insiders Bought Up Stock
Insiders At GameStop Buy Stock As Price Falls
Why GameStop Insiders Are Bullish on GME
Board Member of GameStop Purchased $105K In Stock
GameStop Director Makes $266K Stock Purchase
What's Going On With GameStop Corporation Stock?
The GameStop meme story hits the big screen
See More Headlines
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GME Company Calendar

Last Earnings
9/06/2023
Today
9/22/2023
Next Earnings (Estimated)
12/06/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Computer & software stores
Sub-Industry
Computer & Electronics Retail
CUSIP
36467W10
Employees
11,000
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$6.00
High Stock Price Forecast
$6.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
-65.0%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$-313,100,000.00
Pretax Margin
-1.61%

Debt

Sales & Book Value

Annual Sales
$5.93 billion
Book Value
$4.15 per share

Miscellaneous

Free Float
266,659,000
Market Cap
$5.23 billion
Optionable
Optionable
Beta
-0.26

Social Links

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Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

Key Executives

  • Mr. Ryan CohenMr. Ryan Cohen (Age 37)
    Exec. Chairman
  • Mr. Nir Patel (Age 41)
    Chief Operating Officer
    Comp: $1.31M
  • Mr. Mark H. Robinson (Age 44)
    GM, Principal Exec. Officer, Gen. Counsel & Sec.
  • Daniel Moore
    Principal Accounting Officer & Interim Principal Financial Officer
  • Mr. Matt Francis
    Chief Technology Officer
  • Ms. Angela Venuk
    VP & Interim CIO
  • Mr. Joey Mooring
    Sr. Director of Corp. Communications
  • Mr. Robert A. Lloyd (Age 61)
    Sr. Adviser
  • Mr. Eric Cerny
    Investor Relations













GME Stock - Frequently Asked Questions

Should I buy or sell GameStop stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" GME shares.
View GME analyst ratings
or view top-rated stocks.

What is GameStop's stock price forecast for 2023?

1 equities research analysts have issued twelve-month price objectives for GameStop's stock. Their GME share price forecasts range from $6.00 to $6.00. On average, they anticipate the company's share price to reach $6.00 in the next year. This suggests that the stock has a possible downside of 65.0%.
View analysts price targets for GME
or view top-rated stocks among Wall Street analysts.

How have GME shares performed in 2023?

GameStop's stock was trading at $18.46 at the start of the year. Since then, GME shares have decreased by 7.2% and is now trading at $17.13.
View the best growth stocks for 2023 here
.

When is GameStop's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
View our GME earnings forecast
.

How were GameStop's earnings last quarter?

GameStop Corp. (NYSE:GME) released its earnings results on Wednesday, September, 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.11. The business earned $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. GameStop had a negative trailing twelve-month return on equity of 7.50% and a negative net margin of 1.72%. GameStop's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.35) earnings per share.

When did GameStop's stock split?

GameStop shares split before market open on Friday, July 22nd 2022. The 4-1 split was announced on Wednesday, July 6th 2022. The newly created shares were payable to shareholders after the market closes on Thursday, July 21st 2022. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

What is George Sherman's approval rating as GameStop's CEO?

342 employees have rated GameStop Chief Executive Officer George Sherman on Glassdoor.com. George Sherman has an approval rating of 26% among the company's employees. This puts George Sherman in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of GameStop own?

Based on aggregate information from My MarketBeat watchlists, some companies that other GameStop investors own include General Electric (GE), AT&T (T), Ford Motor (F), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Tesla (TSLA), Walt Disney (DIS), Alibaba Group (BABA) and Energy Transfer (ET).

What is GameStop's stock symbol?

GameStop trades on the New York Stock Exchange (NYSE) under the ticker symbol "GME."

Who are GameStop's major shareholders?

GameStop's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.11%), State Street Corp (2.44%), Geode Capital Management LLC (1.24%), Bank of New York Mellon Corp (0.70%), Charles Schwab Investment Management Inc. (0.68%) and Northern Trust Corp (0.62%). Insiders that own company stock include Alain Attal, Diana Saadeh-Jajeh, James Grube, Kurt James Wolf, Lawrence Cheng, Mark Haymond Robinson, Nir Vinay Patel, Raul J Fernandez and Ryan Cohen.
View institutional ownership trends
.

How do I buy shares of GameStop?

Shares of GME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is GameStop's stock price today?

One share of GME stock can currently be purchased for approximately $17.13.

How much money does GameStop make?

GameStop (NYSE:GME) has a market capitalization of $5.23 billion and generates $5.93 billion in revenue each year. The company earns $-313,100,000.00 in net income (profit) each year or ($0.33) on an earnings per share basis.

How many employees does GameStop have?

The company employs 11,000 workers across the globe.

How can I contact GameStop?

GameStop's mailing address is 625 WESTPORT PARKWAY, GRAPEVINE TX, 76051. The official website for the company is www.gamestop.com. The company can be reached via phone at (817) 424-2000, via email at investorrelations@gamestop.com, or via fax at 817-424-2002.

This page (NYSE:GME) was last updated on 9/22/2023 by MarketBeat.com Staff

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