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
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$17.34
50-Day Range: $16.37
▼
$23.17
52-Week Range: $15.41
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$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: 0.56
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

0.5

Analyst's Opinion

Consensus Rating
GameStop has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $6.00, GameStop has a forecasted downside of 65.1% from its current price of $17.18.
Amount of Analyst Coverage
GameStop has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
16.79% of the outstanding shares of GameStop have been sold short.
Short Interest Ratio / Days to Cover
GameStop has a short interest ratio ("days to cover") of 15.7, which indicates bearish sentiment.
Change versus previous month
Short interest in GameStop has recently increased by 0.10%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
GameStop does not currently pay a dividend.
Dividend Growth
GameStop does not have a long track record of dividend growth.

2.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
GameStop has received a 3.10% net impact score from Upright. GameStop seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Online retail of game consoles", "Online retail of computer games", and "Online retail of consumer electronics" products. See details.
Environmental Sustainability
The Environmental Impact score for GameStop is -1.03.

2.5

News and Social Media Coverage

News Sentiment
GameStop has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for GameStop this week, compared to 8 articles on an average week.
Search Interest
Only 60 people have searched for GME on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
MarketBeat Follows
28 people have added GameStop to their MarketBeat watchlist in the last 30 days. This is an increase of 4% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, GameStop insiders have sold 2,742.18% more of their company's stock than they have bought. Specifically, they have bought $105,926.00 in company stock and sold $3,010,604.00 in company stock.
Percentage Held by Insiders
12.64% of the stock of GameStop is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 39.46% of the stock of GameStop is held by institutions.

0.0

Earnings and Valuation

Earnings Growth
Earnings for GameStop are expected to decrease in the coming year, from ($0.17) to ($0.20) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of GameStop is -52.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of GameStop is -52.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
GameStop has a P/B Ratio of 4.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

GME Stock News Headlines

September 20, 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 22, 2023 | Altimetry (Ad)

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—

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 22, 2023 | msn.com

‘Dumb Money’ Review: David, Goliath and the GameStop Frenzy

September 22, 2023 | msn.com

Dumb Money Producers on Getting GameStop Investor Roaring Kitty’s Life Rights

September 22, 2023 | americanbankingnews.com

Zacks Research Brokers Lift Earnings Estimates for GameStop Corp. (NYSE:GME)

September 21, 2023 | thestreet.com

GameStop's (GME) Strong Buy Signal: Insiders Lead the Way

September 22, 2023 | Behind the Markets (Ad)

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.

September 20, 2023 | msn.com

GameStop Corp. Cl A stock remains steady Wednesday, still outperforms market

September 19, 2023 | msn.com

GameStop: Boom or Bust?

September 19, 2023 | americanbankingnews.com

GameStop (NYSE:GME) Rating Lowered to Sell at StockNews.com

September 18, 2023 | msn.com

GameStop Insiders Bought Up Stock

September 18, 2023 | baystreet.ca

Insiders At GameStop Buy Stock As Price Falls

September 18, 2023 | msn.com

Insider Trading Insights: GameStop vs. Foot Locker – What’s the Smart Play?

September 14, 2023 | yahoo.com

Dumb Money Takes Stock of the Gamestop Squeeze in Droll, Empathetic Fashion: Review

September 14, 2023 | stocknews.com

GameStop (GME), Plus 2 Other Specialty Retailer Stocks: Buy, Hold, or Sell?

September 13, 2023 | thestreet.com

Why GameStop Insiders Are Bullish on GME

September 13, 2023 | americanbankingnews.com

GameStop (NYSE:GME) Trading 7.9% Higher Following Insider Buying Activity

September 13, 2023 | benzinga.com

Board Member of GameStop Purchased $105K In Stock

September 12, 2023 | benzinga.com

GameStop Director Makes $266K Stock Purchase

September 12, 2023 | benzinga.com

What's Going On With GameStop Corporation Stock?

September 12, 2023 | msn.com

“Dumb Money,” a Movie that Illustrates the GameStop (NYSE:GME) Meme Stock Story

September 12, 2023 | msn.com

The GameStop meme story hits the big screen

September 12, 2023 | seekingalpha.com

Dumb Money: The 2021 GameStop Short Squeeze And Its Dark Aftermath Becomes A Movie

September 12, 2023 | americanbankingnews.com

GameStop Corp. (NYSE:GME) Director Lawrence Cheng Buys 4,768 Shares of Stock

September 12, 2023 | americanbankingnews.com

GameStop Corp. (NYSE:GME) Director Lawrence Cheng Buys 1,232 Shares of Stock

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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

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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: -65.0%
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: 0.88
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.15 per share
Price / Book: 4.13

Miscellaneous

Outstanding Shares: 305,240,000
Free Float: 266,659,000
Market Cap: $5.23 billion
Optionable: Optionable
Beta: -0.26

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Key Executives

Mr. 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 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.
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 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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