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GameStop (GME) Stock Price, News & Analysis

$25.46
-5.04 (-16.53%)
(As of 06/12/2024 ET)
Today's Range
$24.83
$33.70
50-Day Range
$10.02
$49.25
52-Week Range
$9.95
$64.83
Volume
146.88 million shs
Average Volume
25.00 million shs
Market Capitalization
$7.79 billion
P/E Ratio
318.23
Dividend Yield
N/A
Price Target
$11.00

GameStop MarketRank™ Stock Analysis

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
56.8% Downside
$11.00 Price Target
Short Interest
Healthy
15.20% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.03
Upright™ Environmental Score
News Sentiment
0.01mentions of GameStop in the last 14 days
Based on 103 Articles This Week
Insider Trading
Selling Shares
$288,153 Sold Last Quarter
Proj. Earnings Growth
800.00%
From $0.01 to $0.09 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.39 out of 5 stars

Retail/Wholesale Sector

138th out of 195 stocks

Computer & Software Stores Industry

1st out of 1 stocks

GME stock logo

About GameStop Stock (NYSE:GME)

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 Stock Price History

GME Stock News Headlines

Beyond GME: Top 3 WallStreetBets Stocks Better Than GameStop (GME)
You may want to keep an eye on the stocks the WallStreetBets community is watching; here are three that look like solid stocks to own
3 Powerful Examples of Share Buybacks Boosting Stock Value (GME)
Stock buybacks over time can create more shareholder wealth than dividends and other reward methods, these 3 stocks' stratospheric returns make a case
When GameStop Stock Spikes, Here's the 7 Meme Stocks That Follow
The return of internet stock guru Roaring Kitty (Keith Gill) sparked a meme stock resurgence once again led by retail/wholesale sector stock GameStop Co. NYSE: GME. Roaring Kitty gained fame in 2021, helping spark the short squeeze on GameStop shares that blew out several hedge funds in the process.
When GameStop Stock Spikes, Here's the 7 Meme Stocks That Follow
The return of internet stock guru Roaring Kitty (known as Keith Gill) has sparked a meme stock resurgence once again led by retail/wholesale sector stock GameS
MarketBeat Week in Review – 6/3 - 6/7 (GME)
Equity markets shrugged off a much hotter-than-expected jobs report, but there could be more volatility after the next readings on inflation come out next week
GameStop Stock is Heading Back to the $10 Level Soon: Take 2
GameStop is about to fall back to the $10 level because of persistent losses, shrinking business, and another dilutive share sales.
AMC Stock's Rally: The Hidden Truth and Why It’s Temporary (GME)
AMC is another meme stock reporting weak financials and an unjustified stock price today, but it looks like it won't last as long as it did back in 2021
GameStop Stock is Heading Back to the $10 Level Soon: Take 2
GameStop NYSE: GME shares have retested the $10 level once and will do it again because the company is lost. Like Blockbuster before it, its once-hot business lost relevancy and has nowhere to go but out of business, and it looks like the failure is accelerating.
GameStop 1Q revenue falls as sales weaken for hardware and accessories, software and collectibles
GameStop managed to narrow its losses in the first quarter, but the video game retailer’s revenue fell as sales weakened for hardware and accessories, software and collectibles
GameStop Stock Update: What's Driving Today's Prices?
If fundamental investors are investigating, then the price action behind shares of GameStop Corp. NYSE: GME other than a few tweets that would be considered borderline stock manipulation from Keith Gill, A.K.A. 'Roaring Kitty.
Dear GME Stock Fans, Mark Your Calendars for June 13
Citron Research Abandons GameStop (GME) Stock Short Position
Wedbush Just Cut Its Price Target on GameStop (GME) Stock
Citron Research closes GameStop short position
A Realistic Look at GameStop's Value
GameStop (NYSE:GME) Shares Gap Up to $28.22
See More Headlines
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Company Calendar

Last Earnings
6/07/2024
Today
6/13/2024
Next Earnings (Estimated)
9/04/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Computer & software stores
Sub-Industry
Computer & Electronics Retail
CUSIP
36467W10
Employees
8,000
Year Founded
1996

Price Target and Rating

Average Stock Price Target
$11.00
High Stock Price Target
$11.00
Low Stock Price Target
$11.00
Potential Upside/Downside
-56.8%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$6.70 million
Pretax Margin
0.25%

Debt

Sales & Book Value

Annual Sales
$5.27 billion
Cash Flow
$0.25 per share
Book Value
$4.38 per share

Miscellaneous

Free Float
268,585,000
Market Cap
$7.79 billion
Optionable
Optionable
Beta
-0.27

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GME Stock Analysis - 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 target for 2024?

1 analysts have issued 1 year price targets for GameStop's stock. Their GME share price targets range from $11.00 to $11.00. On average, they anticipate the company's stock price to reach $11.00 in the next twelve months. This suggests that the stock has a possible downside of 56.8%.
View analysts price targets for GME
or view top-rated stocks among Wall Street analysts.

How have GME shares performed in 2024?

GameStop's stock was trading at $17.53 on January 1st, 2024. Since then, GME shares have increased by 45.2% and is now trading at $25.4550.
View the best growth stocks for 2024 here
.

Are investors shorting GameStop?

GameStop saw a drop in short interest in May. As of May 31st, there was short interest totaling 46,540,000 shares, a drop of 31.9% from the May 15th total of 68,390,000 shares. Based on an average trading volume of 38,880,000 shares, the short-interest ratio is presently 1.2 days.
View GameStop's Short Interest
.

When is GameStop's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 4th 2024.
View our GME earnings forecast
.

How were GameStop's earnings last quarter?

GameStop Corp. (NYSE:GME) posted its earnings results on Friday, June, 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.03. The firm earned $881.80 million during the quarter, compared to analysts' expectations of $995.30 million. GameStop had a trailing twelve-month return on equity of 1.78% and a net margin of 0.51%. The firm's quarterly revenue was down 28.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.14) earnings per share.

When did GameStop's stock split?

GameStop's stock split on Friday, July 22nd 2022. The 4-1 split was announced on Wednesday, July 6th 2022. The newly minted shares were issued 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 guidance has GameStop issued on next quarter's earnings?

GameStop issued an update on its first quarter 2024 earnings guidance on Friday, May, 17th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $872.0 million-$892.0 million, compared to the consensus revenue estimate of $1.1 billion.

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).

Who are GameStop's major shareholders?

GameStop's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.29%), Van ECK Associates Corp (0.48%), IMC Chicago LLC (0.00%), Principal Financial Group Inc. (0.33%), Simplex Trading LLC (0.00%) and Swiss National Bank (0.18%). Insiders that own company stock include Alain Attal, Daniel William Moore, Diana Saadeh-Jajeh, James Grube, Lawrence Cheng, Mark Haymond Robinson, Nir Vinay Patel 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GME) was last updated on 6/13/2024 by MarketBeat.com Staff

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