NYSE:GME

GameStop - GME Stock Forecast, Price & News

$24.10

+0.12 (+0.50%)

(As of 03/27/2023 08:59 AM ET)

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Today's Range: $24.10
▼
$24.10
50-Day Range: $15.95
▼
$23.98
52-Week Range: $15.41
▼
$49.85

Volume: 96,235 shs
Average Volume: 5.78 million shs
Market Capitalization: $7.34 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.30

Institutional Ownership

GameStop MarketRank™ Forecast

Analyst Rating: Reduce
1.00 Rating Score
Upside/Downside: 77.9% Downside
$5.30 Price Target
Short Interest: Bearish
18.67% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.03
Upright™ Environmental Score
News Sentiment: 0.59
Based on 31 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.57) to ($0.63) 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

209th out of 210 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 $5.30, GameStop has a forecasted downside of 77.9% from its current price of $23.98.
Amount of Analyst Coverage
GameStop has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
18.67% 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 11.8, which indicates bearish sentiment.
Change versus previous month
Short interest in GameStop has recently decreased by 0.77%, indicating that investor sentiment is improving.

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.

3.1

News and Social Media Coverage

News Sentiment
GameStop has a news sentiment score of 0.59. 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 31 news articles for GameStop this week, compared to 11 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 22 reddit mentions for GameStop this week, compared to 893 mentions on an average week.
Search Interest
187 people have searched for GME on MarketBeat in the last 30 days. This is an increase of 10% compared to the previous 30 days.
MarketBeat Follows
27 people have added GameStop to their MarketBeat watchlist in the last 30 days. This is an increase of 13% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, GameStop insiders have not sold or bought any company stock.
Percentage Held by Insiders
12.28% 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 25.57% 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 ($0.57) to ($0.63) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of GameStop is -23.28, 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 -23.28, 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 5.53. 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.

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GME Stock News Headlines

March 22, 2023 | marketbeat.com

GameStop Shares Surge On Surprise Profit

GameStop shares surge, but bears are already capping gains in this stock and confirming the downtrend so don't chase it higher.

March 15, 2023 | marketbeat.com

Nordstrom's 35% Off Sale Puts the Stock on the Bargain Rack (GME)

Nordstrom appears to be better positioned than most to outperform on the other side of the economic downturn and may be one of the best deals in retail.

March 27, 2023 | Weiss Ratings (Ad)

Bank Accounts: Frozen!

In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!

March 26, 2023 | americanbankingnews.com

Jefferies Financial Group Analysts Reduce Earnings Estimates for GameStop Corp. (NYSE:GME)

March 25, 2023 | americanbankingnews.com

GameStop (NYSE:GME) Upgraded to Hold at StockNews.com

March 25, 2023 | americanbankingnews.com

GameStop (NYSE:GME) Shares Gap Down to $23.87

March 24, 2023 | investorplace.com

GME Stock Alert: The Cost to Borrow GameStop Is Up 200% This Week

March 24, 2023 | finance.yahoo.com

GameStop Corp. (NYSE:GME) Q4 2022 Earnings Call Transcript

March 27, 2023 | Weiss Ratings (Ad)

Bank Accounts: Frozen!

March 24, 2023 | americanbankingnews.com

Wedbush Comments on GameStop Corp.'s Q1 2024 Earnings (NYSE:GME)

March 24, 2023 | americanbankingnews.com

GameStop (NYSE:GME) Shares Gap Up Following Earnings Beat

March 23, 2023 | americanbankingnews.com

GameStop (NYSE:GME) Trading 7.2% Higher on Strong Earnings

March 22, 2023 | finance.yahoo.com

GameStop Stock Had Its Best Day Since 2021. An Earnings Surprise Squeezed Shorts.

March 22, 2023 | finance.yahoo.com

GME Stock Rockets On GameStop's First Profit Since 2021

March 22, 2023 | investorplace.com

GME Stock Alert: GameStop Soars 50% on Surprise Profits. What Comes Next?

March 22, 2023 | investorplace.com

Cost to Borrow GameStop (GME) Stock Jumps 60% After Earnings

March 22, 2023 | investorplace.com

Why Is GameStop (GME) Stock Up 48% Today?

March 22, 2023 | benzinga.com

GameStop Surges 44% After Earnings: Analyst Says Let 'Short Squeeze Begin'

March 22, 2023 | finance.yahoo.com

Dow Jones Futures: Fed Decision Day For Rally Attempt; 3 Stocks Flash Buy Signals

March 22, 2023 | americanbankingnews.com

GameStop (NYSE:GME) Announces Earnings Results, Beats Expectations By $0.29 EPS

March 21, 2023 | marketwatch.com

Earnings Results: GameStop stock soars 35% on surprise quarterly profit, higher sales

March 21, 2023 | finance.yahoo.com

GME Stock Rockets Over 45% On GameStop's First Profit Since 2021

March 21, 2023 | finance.yahoo.com

Dow Jones Futures: Market Runs Into Fed Decision As Banks, Tesla, ONON Jump; GME Spikes Late

March 20, 2023 | benzinga.com

GameStop Q4 Earnings Preview: Analysts See Revenue Decline In Company's Most Important Quarter

March 19, 2023 | americanbankingnews.com

GameStop (GME) Set to Announce Earnings on Tuesday

March 17, 2023 | finance.yahoo.com

GameStop (GME) Stock Moves -0.95%: What You Should Know

March 13, 2023 | thestreet.com

What to Know About FTX's GME Tokenized Shares

See More Headlines

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GME Company Calendar

Last Earnings: 3/21/2023
Today: 3/27/2023
Next Earnings (Estimated): 6/07/2023
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: 12,000
Year Founded: 1996

Price Target and Rating

Average Stock Price Forecast: $5.30
High Stock Price Forecast: $5.30
Low Stock Price Forecast: $5.30
Forecasted Upside/Downside: -77.9%
Consensus Rating: Reduce
Rating Score (0-4): 1.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.03)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-381,300,000.00
Net Margins: -5.28%
Pretax Margin: -5.10%
Return on Equity: -23.09%
Return on Assets: -10.02%

Debt

Debt-to-Equity Ratio: 0.02
Current Ratio: 1.74
Quick Ratio: 0.91

Sales & Book Value

Annual Sales: $5.93 billion
Price / Sales: 1.23
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.34 per share
Price / Book: 5.53

Miscellaneous

Outstanding Shares: 304,580,000
Free Float: 267,176,000
Market Cap: $7.30 billion
Optionable: Optionable
Beta: -0.19

Social Links

Key Executives

Matthew Furlong
President, Chief Executive Officer & Director

Nir Patel
Chief Operating Officer

Diana Saadeh-Jajeh
Chief Financial Officer

Matt Francis
Chief Technology Officer

Andrea Wolfe
Vice President-Brand Development

Key Competitors

View All Competitors

Institutional Ownership

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 year. 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 analysts have issued 12-month price objectives for GameStop's shares. Their GME share price forecasts range from $5.30 to $5.30. On average, they expect the company's stock price to reach $5.30 in the next year. This suggests that the stock has a possible downside of 77.9%.
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 increased by 29.9% and is now trading at $23.98.
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, June 7th 2023.
View our GME earnings forecast.
How were GameStop's earnings last quarter?: GameStop Corp. (NYSE:GME) released its quarterly earnings results on Tuesday, March, 21st. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.29. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. GameStop had a negative trailing twelve-month return on equity of 23.09% and a negative net margin of 5.28%. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.47) 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), SPDR S&P Retail ETF (XRT), Wedbush ETFMG Video Game Tech ETF (GAMR), SoFi Social 50 ETF (SFYF) and Direxion Daily Retail Bull 3X Shares (RETL).
When did GameStop's stock split?: GameStop's stock split on the morning of 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 closing bell 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 Susquehanna International Group LLP (0.00%), Simplex Trading LLC (0.00%), Geode Capital Management LLC (1.15%), Charles Schwab Investment Management Inc. (0.64%), IMC Chicago LLC (0.00%) 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 $23.98.
How much money does GameStop make?: GameStop (NYSE:GME) has a market capitalization of $7.30 billion and generates $5.93 billion in revenue each year. The company earns $-381,300,000.00 in net income (profit) each year or ($1.03) 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 3/27/2023 by MarketBeat.com Staff

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GameStop - GME Stock Forecast, Price & News

GameStop MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About GameStop (NYSE:GME) Stock

GME Stock News Headlines

GME Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

GME Stock - Frequently Asked Questions

Overall MarketRank^™