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NVDA   435.44 (+1.06%)
NIO   9.02 (+1.23%)
BABA   86.73 (+1.39%)
AMD   103.34 (+0.56%)
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NIO   9.02 (+1.23%)
BABA   86.73 (+1.39%)
AMD   103.34 (+0.56%)
T   15.03 (+0.13%)
F   12.40 (-1.27%)
MU   68.23 (+4.65%)
CGC   0.79 (-2.96%)
GE   110.58 (-1.57%)
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NYSE:GME

GameStop (GME) Stock Forecast, Price & News

$16.47
-0.37 (-2.20%)
(As of 03:40 PM ET)
Compare
Today's Range
$16.45
▼
$17.26
50-Day Range
$16.37
▼
$23.04
52-Week Range
$15.41
▼
$34.99
Volume
2.54 million shs
Average Volume
4.16 million shs
Market Capitalization
$5.03 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

GameStop MarketRank™ Forecast

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
63.7% Downside
$6.00 Price Target
Short Interest
Bearish
17.67% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.03
Upright™ Environmental Score
News Sentiment
0.44mentions of GameStop in the last 14 days
Based on 35 Articles This Week
Insider Trading
Selling Shares
$3.01 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.12) to ($0.17) 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

210th out of 212 stocks

Computer & Software Stores Industry

1st out of 1 stocks

See Top Rated MarketRank™ Stocks Here

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

September 28, 2023 | marketbeat.com
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.
September 7, 2023 | marketbeat.com
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
September 29, 2023 | Altimetry (Ad)
Pentagon Consultant—Here's how Biden Wins Landslide Re-election
—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take,
August 29, 2023 | marketbeat.com
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.
September 29, 2023 | msn.com
GameStop's Ryan Cohen calls for 'extreme frugality' in memo to employees
September 29, 2023 | investorplace.com
GME Stock Alert: Ryan Cohen Issues Warning to GameStop Employees
September 29, 2023 | msn.com
GameStop’s stock jumps after billionaire investor Ryan Cohen named CEO
September 29, 2023 | wsj.com
GameStop Stock Rises After Ryan Cohen Named CEO
September 29, 2023 | Altimetry (Ad)
Pentagon Consultant—Here's how Biden Wins Landslide Re-election
—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take,
September 29, 2023 | forbes.com
Ryan Cohen Named New Gamestop CEO - Stock Falls In Response
September 28, 2023 | msn.com
GameStop's demise assured with new CEO, Wedbush says
September 28, 2023 | msn.com
GameStop Names Cohen as CEO. The Stock Surges.
September 28, 2023 | finance.yahoo.com
GameStop's new CEO, JetBlue, Jabil: Trending stocks
September 28, 2023 | msn.com
Ryan Cohen becomes GameStop CEO and social media reacts: ‘Changing the paradigm on Wall Street’
September 28, 2023 | 247wallst.com
GameStop Announces Ryan Cohen as New CEO, Stock Soars 7% Premarket
September 28, 2023 | theglobeandmail.com
GameStop (GME) Shares Skyrocket, What You Need To Know
September 28, 2023 | finance.yahoo.com
GME Stock Reverses After GameStop Names Chairman, Top Shareholder Ryan Cohen CEO
September 28, 2023 | investorplace.com
Can Ryan Cohen Save GameStop (GME) Stock as CEO?
September 28, 2023 | investorplace.com
GME Stock Alert: Ryan Cohen Is Taking Over as GameStop CEO
September 28, 2023 | msn.com
GameStop names billionaire Ryan Cohen as CEO in push for turnaround at video game retailer
September 28, 2023 | dallasnews.com
Billionaire investor Ryan Cohen takes over as GameStop CEO
September 28, 2023 | barrons.com
GameStop Stock Surges as Ryan Cohen Becomes CEO
September 28, 2023 | markets.businessinsider.com
GameStop Appoints Ryan Cohen As New CEO
September 28, 2023 | wsj.com
GameStop Stock Jumps After Ryan Cohen Named CEO
September 28, 2023 | msn.com
GameStop pops after naming Ryan Cohen as CEO
September 28, 2023 | thestreet.com
GameStop Stock: Danger Ahead for Short Sellers
September 28, 2023 | msn.com
GameStop Gets A New CEO Effective Immediately - Billionaire Ryan Cohen
See More Headlines
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GME Company Calendar

Last Earnings
9/06/2023
Today
9/29/2023
Next Earnings (Estimated)
12/06/2023
Fiscal Year End
1/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Computer & software stores
Sub-Industry
Computer & Electronics Retail
Sector
Retail/Wholesale
Current Symbol
NYSE:GME
CUSIP
36467W10
CIK
1326380
Web
www.gamestop.com
Phone
(817) 424-2000
Fax
817-424-2002
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
-63.9%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.33)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-313,100,000.00
Net Margins
-1.72%
Pretax Margin
-1.61%
Return on Equity
-7.50%
Return on Assets
-3.11%

Debt

Debt-to-Equity Ratio
0.02
Current Ratio
1.87
Quick Ratio
1.24

Sales & Book Value

Annual Sales
$5.93 billion
Price / Sales
0.86
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$4.15 per share
Price / Book
4.00

Miscellaneous

Outstanding Shares
305,240,000
Free Float
266,659,000
Market Cap
$5.07 billion
Optionable
Optionable
Beta
-0.26

Social Links

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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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













GME Stock - Frequently Asked Questions

Should I buy or sell GameStop stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street 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 1 year price targets for GameStop's stock. Their GME share price forecasts range from $6.00 to $6.00. On average, they predict the company's share price to reach $6.00 in the next twelve months. This suggests that the stock has a possible downside of 63.9%.
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 10.0% and is now trading at $16.61.
View the best growth stocks for 2023 here.

Are investors shorting GameStop?

GameStop saw a increase in short interest in September. As of September 15th, there was short interest totaling 53,950,000 shares, an increase of 5.3% from the August 31st total of 51,250,000 shares. Based on an average daily trading volume, of 2,800,000 shares, the days-to-cover ratio is currently 19.3 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, December 6th 2023.
View our GME earnings forecast.

How were GameStop's earnings last quarter?

GameStop Corp. (NYSE:GME) issued its quarterly earnings results on Wednesday, September, 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.11. The firm earned $1.16 billion during the quarter, compared to the consensus estimate 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%. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.35) EPS.

What ETFs hold GameStop's stock?

ETFs with the largest weight of GameStop (NYSE:GME) stock in their portfolio include Roundhill MEME ETF (MEME), SoFi Web 3 ETF (TWEB), VanEck Social Sentiment ETF (BUZZ), VanEck Video Gaming and eSports ETF (ESPO), Wedbush ETFMG Video Game Tech ETF (GAMR), SoFi Social 50 ETF (SFYF), Schwab Crypto Thematic ETF (STCE) and Pacer BlueStar Digital Entertainment ETF (ODDS).

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 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."

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 $16.61.

How much money does GameStop make?

GameStop (NYSE:GME) has a market capitalization of $5.07 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 9/29/2023 by MarketBeat.com Staff

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