S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
Is This The End of Capitalism? (Ad)
France must raise pension age to 64, prime minister says
Biden, McCarthy to discuss debt limit in talks on Wednesday
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
Is This The End of Capitalism? (Ad)
France must raise pension age to 64, prime minister says
Biden, McCarthy to discuss debt limit in talks on Wednesday
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
Is This The End of Capitalism? (Ad)
France must raise pension age to 64, prime minister says
Biden, McCarthy to discuss debt limit in talks on Wednesday
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
Is This The End of Capitalism? (Ad)
France must raise pension age to 64, prime minister says
Biden, McCarthy to discuss debt limit in talks on Wednesday
NYSE:GME

GameStop - GME Stock Forecast, Price & News

$22.82
+2.81 (+14.04%)
(As of 01/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$19.41
$23.31
50-Day Range
$16.22
$27.52
52-Week Range
$15.41
$49.85
Volume
11.90 million shs
Average Volume
4.30 million shs
Market Capitalization
$6.95 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.30

GameStop MarketRank™ Forecast

Analyst Rating
Reduce
1.00 Rating Score
Upside/​Downside
76.8% Downside
$5.30 Price Target
Short Interest
Bearish
19.81% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.03
Upright™ Environmental Score
News Sentiment
0.17mentions of GameStop in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.34) to ($0.75) Per Share

Overall MarketRank

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

0.69 out of 5 stars

Retail/Wholesale Sector

215th out of 216 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

MarketBeat: Week in Review 01/02-01/06 (GME)
The first trading week of 2023 comes to a close with stocks in the green and here are some of the stocks the MarketBeat team was following this week.
Here’s Why AMTD Digital Stock Price is Surging (GME)
The HKD stock is one of the best performers today, but it's a bit mysterious why investors are feeling so enthusiastic about it. Here are some theories.
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
GameStop Stock Worth Considering for Another Run in 2023? (GME)
Shares are trading along long term support, but is that enough to justify a long position as we head into 2023? Here are some reasons to chew on.
MarketBeat: Week in Review 12/05 – 12/09 (GME)
The markets continue to have a lot to digest before there can be a Santa Claus rally. Here are some of the top stories our analysts were covering this week.
Tesla Stock: What the Bulls and the Bears Are Getting Wrong (GME)
Fundamental concerns make investors wonder how far TSLA stock can fall? The answer may hinge on if the skepticism of bears can overcome the conviction of bulls
Stock Traders Buy High Volume of GameStop Call Options (NYSE:GME)
GameStop (NYSE:GME) Stock Price Down 8%
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
What Job Cuts Could Mean For GameStop Stock
Why Is GameStop (NYSE:GME) Stock Up 10% Today?
GameStop (NYSE:GME) Stock Price Down 5.5%
GameStop (NYSE:GME) Trading 5.9% Higher
What's Going On With GameStop Stock Today?
GameStop Corp. (NYSE:GME) Q3 2022 Earnings Call Transcript
GameStop Third Quarter 2023 Earnings: Misses Expectations
GameStop (GME) Reports Wider-Than-Expected Q3 Loss
Why GameStop (GME) Stock Could Fall 75% From Here
See More Headlines
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GME Company Calendar

Last Earnings
12/07/2022
Today
1/29/2023
Fiscal Year End
1/31/2023
Next Earnings (Estimated)
3/16/2023

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
$5.30
High Stock Price Forecast
$5.30
Low Stock Price Forecast
$5.30
Forecasted Upside/Downside
-76.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$-381,300,000.00
Pretax Margin
-8.77%

Debt

Sales & Book Value

Annual Sales
$6.01 billion
Book Value
$5.25 per share

Miscellaneous

Free Float
267,176,000
Market Cap
$6.95 billion
Optionable
Optionable
Beta
-0.24

Social Links


Key Executives

  • Matthew Furlong
    President, Chief Executive Officer & Director
  • Nir Patel
    Chief Operating Officer
  • Diana Saadeh-JajehDiana Saadeh-Jajeh
    Chief Financial Officer
  • Matt Francis
    Chief Technology Officer
  • Andrea Wolfe
    Vice President-Brand Development













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 Wall Street analysts have issued twelve-month target prices for GameStop's stock. Their GME share price forecasts range from $5.30 to $5.30. On average, they expect the company's share price to reach $5.30 in the next year. This suggests that the stock has a possible downside of 76.8%.
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 on January 1st, 2023. Since then, GME shares have increased by 23.6% and is now trading at $22.82.
View the best growth stocks for 2023 here
.

Are investors shorting GameStop?

GameStop saw a increase in short interest in December. As of December 30th, there was short interest totaling 58,410,000 shares, an increase of 6.8% from the December 15th total of 54,710,000 shares. Based on an average trading volume of 4,870,000 shares, the short-interest ratio is presently 12.0 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 Thursday, March 16th 2023.
View our GME earnings forecast
.

How were GameStop's earnings last quarter?

GameStop Corp. (NYSE:GME) issued its quarterly earnings data on Wednesday, December, 7th. The company reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of ($0.29) by $0.02. The firm earned $1.19 billion during the quarter, compared to analyst estimates of $1.35 billion. GameStop had a negative trailing twelve-month return on equity of 35.44% and a negative net margin of 8.54%. GameStop's quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.35) EPS.

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 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 number of institutional and retail investors. Top institutional investors include New York State Teachers Retirement System (0.10%), Yousif Capital Management LLC (0.04%), Comerica Bank (0.04%), Louisiana State Employees Retirement System (0.02%), State of Michigan Retirement System (0.02%) and Xponance Inc. (0.01%). 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 $22.82.

How much money does GameStop make?

GameStop (NYSE:GME) has a market capitalization of $6.95 billion and generates $6.01 billion in revenue each year. The company earns $-381,300,000.00 in net income (profit) each year or ($1.6750) 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 1/29/2023 by MarketBeat.com Staff