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NVDA   171.79 (+1.51%)
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NVDA   171.79 (+1.51%)
NIO   12.09 (-5.40%)
BABA   86.14 (-1.62%)
AMD   77.26 (-0.48%)
T   19.17 (-0.57%)
MU   55.50 (-3.73%)
CGC   3.84 (+6.08%)
F   14.07 (+1.22%)
GE   85.35 (-0.72%)
DIS   98.37 (+0.51%)
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PFE   51.02 (+1.78%)
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NYSE:GME

GameStop - GME Stock Forecast, Price & News

$26.94
+0.73 (+2.79%)
(As of 12/1/2022 02:45 PM ET)
Add
Compare
Today's Range
$25.20
$27.50
50-Day Range
$23.11
$28.39
52-Week Range
$19.40
$51.98
Volume
215,554 shs
Average Volume
3.65 million shs
Market Capitalization
$8.20 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$22.00

GameStop MarketRank™ Forecast

Analyst Rating
Reduce
1.00 Rating Score
Upside/​Downside
17.5% Downside
$22.00 Price Target
Short Interest
Bearish
17.95% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.03
Upright™ Environmental Score
News Sentiment
0.29mentions of GameStop in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.45) to ($0.91) Per Share

Overall MarketRank

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

0.70 out of 5 stars

Retail/Wholesale Sector

217th out of 217 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.

 

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GME Stock News Headlines

Cosmos Holdings May be a Long-Term Buy with Short-Term Risk (GME)
Cosmos Holdings stock is up 618% in November likely due to a short squeeze. This article explains why Cosmos Holdings may still be a good long-term investment
Is GameStop Stock Setting Up for Another Short Squeeze?
Video game and accessories reseller GameStop (NYSE: GME) stock had its wings clipped since kicking off the 2021 meme stock frenzy.
Without Graphite, There Would Be ZERO EV Batteries!
Investors constantly hear that lithium is the key to powering the transition to green energy. Truth is, today's EV batteries contain more graphite in volume than any other essential ingredients.
What Is Going on With GameStop (GME) Stock Today?
Without Graphite, There Would Be ZERO EV Batteries!
Investors constantly hear that lithium is the key to powering the transition to green energy. Truth is, today's EV batteries contain more graphite in volume than any other essential ingredients.
Why I Wouldn't Touch GameStop Stock With a 10-Foot Pole
GameStop Gossip Makes GME Stock One to Watch
5 Investors Betting Big on GameStop (GME) Stock
Why GameStop Is Running Ahead of the Market Today
Where Will GameStop Stock Be in 5 Years?
More Likely to 5X First: GameStop or Bed Bath & Beyond
Why GameStop Stock Is Down 30% This Year
See More Headlines
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GME Company Calendar

Last Earnings
9/07/2022
Today
12/01/2022
Next Earnings (Estimated)
12/14/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Computer & software stores
Sub-Industry
Computer & Electronics Retail
CUSIP
36467W10
Employees
12,000
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$22.00
High Stock Price Forecast
$36.50
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
-18.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.00
Research Coverage
2 Analysts

Profitability

Net Income
$-381,300,000.00
Pretax Margin
-8.79%

Debt

Sales & Book Value

Annual Sales
$6.01 billion
Book Value
$5.25 per share

Miscellaneous

Free Float
267,134,000
Market Cap
$8.20 billion
Optionable
Optionable
Beta
-0.42

Social Links


Key Executives

  • Mr. Matthew Furlong (Age 42)
    Pres, CEO & Director
    Comp: $1.96M
  • Ms. Diana Saadeh-JajehMs. Diana Saadeh-Jajeh (Age 52)
    Sr. VP & CFO
    Comp: $1.14M
  • Mr. James Anthony Bell (Age 54)
    Sr. Adviser
    Comp: $2.96M
  • Mr. Nir Patel
    Chief Operating Officer
  • Mr. Matt Francis
    Chief Technology Officer
  • Ms. Angela Venuk
    VP & Interim CIO
  • Mark H. Robinson
    Gen. Counsel & Sec.
  • Mr. Joey Mooring
    Sr. Director of Corp. Communications
  • Ms. Lisa Keglovitz
    Sr. VP of HR
  • Mr. Marc Summey
    Sr. VP of Real Estate & Devel.













GME Stock - Frequently Asked Questions

Should I buy or sell GameStop stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last twelve months. There are currently 2 sell ratings 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?

2 Wall Street analysts have issued 12-month price objectives for GameStop's shares. Their GME share price forecasts range from $7.50 to $36.50. On average, they anticipate the company's share price to reach $22.00 in the next twelve months. This suggests that the stock has a possible downside of 16.1%.
View analysts price targets for GME
or view top-rated stocks among Wall Street analysts.

How have GME shares performed in 2022?

GameStop's stock was trading at $37.0975 at the beginning of the year. Since then, GME shares have decreased by 29.3% and is now trading at $26.21.
View the best growth stocks for 2022 here
.

When is GameStop's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 14th 2022.
View our GME earnings forecast
.

How were GameStop's earnings last quarter?

GameStop Corp. (NYSE:GME) issued its quarterly earnings results on Wednesday, September, 7th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.03. The business earned $1.14 billion during the quarter, compared to analysts' expectations of $1.27 billion. GameStop had a negative trailing twelve-month return on equity of 33.28% and a negative net margin of 8.57%. The firm's revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.19) EPS.

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 distributed 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.93%), BlackRock Inc. (6.88%), State Street Corp (2.28%), Citadel Advisors LLC (0.00%), Bank of New York Mellon Corp (0.72%) and Jane Street Group LLC (0.00%). Insiders that own company stock include Alain Attal, Diana Saadeh-Jajeh, George E Sherman Jr, James A Bell, James Grube, Kurt James Wolf, Raul J Fernandez, Ryan Cohen and Steven R Koonin.
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 $26.21.

How much money does GameStop make?

GameStop (NYSE:GME) has a market capitalization of $7.98 billion and generates $6.01 billion in revenue each year. The company earns $-381,300,000.00 in net income (profit) each year or ($1.7125) on an earnings per share basis.

How many employees does GameStop have?

The company employs 12,000 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 12/1/2022 by MarketBeat.com Staff