S&P 500   3,970.99
DOW   32,237.53
QQQ   311.60
Dividends, Short-Term Pain, but Long-Term Gain?
The "King Of Quants" sees 10X potential... (Ad)
Should You Buy Before the Ex-Dividend Date or Wait?
Is Block a Ticking Time Bomb or a Bargain Bestowed by Hindenburg?
The "King Of Quants" sees 10X potential... (Ad)
These Indicators Are Pointing To a Rally In Bank Of America, Soon
Can American Airlines Shake Off Enough Weight For Profit Takeoff?
The "King Of Quants" sees 10X potential... (Ad)
Want Diversified Exposure in the Regional Banks? Try These ETFs
Adele extends Las Vegas residency, plans concert film
S&P 500   3,970.99
DOW   32,237.53
QQQ   311.60
Dividends, Short-Term Pain, but Long-Term Gain?
The "King Of Quants" sees 10X potential... (Ad)
Should You Buy Before the Ex-Dividend Date or Wait?
Is Block a Ticking Time Bomb or a Bargain Bestowed by Hindenburg?
The "King Of Quants" sees 10X potential... (Ad)
These Indicators Are Pointing To a Rally In Bank Of America, Soon
Can American Airlines Shake Off Enough Weight For Profit Takeoff?
The "King Of Quants" sees 10X potential... (Ad)
Want Diversified Exposure in the Regional Banks? Try These ETFs
Adele extends Las Vegas residency, plans concert film
S&P 500   3,970.99
DOW   32,237.53
QQQ   311.60
Dividends, Short-Term Pain, but Long-Term Gain?
The "King Of Quants" sees 10X potential... (Ad)
Should You Buy Before the Ex-Dividend Date or Wait?
Is Block a Ticking Time Bomb or a Bargain Bestowed by Hindenburg?
The "King Of Quants" sees 10X potential... (Ad)
These Indicators Are Pointing To a Rally In Bank Of America, Soon
Can American Airlines Shake Off Enough Weight For Profit Takeoff?
The "King Of Quants" sees 10X potential... (Ad)
Want Diversified Exposure in the Regional Banks? Try These ETFs
Adele extends Las Vegas residency, plans concert film
S&P 500   3,970.99
DOW   32,237.53
QQQ   311.60
Dividends, Short-Term Pain, but Long-Term Gain?
The "King Of Quants" sees 10X potential... (Ad)
Should You Buy Before the Ex-Dividend Date or Wait?
Is Block a Ticking Time Bomb or a Bargain Bestowed by Hindenburg?
The "King Of Quants" sees 10X potential... (Ad)
These Indicators Are Pointing To a Rally In Bank Of America, Soon
Can American Airlines Shake Off Enough Weight For Profit Takeoff?
The "King Of Quants" sees 10X potential... (Ad)
Want Diversified Exposure in the Regional Banks? Try These ETFs
Adele extends Las Vegas residency, plans concert film
NYSE:GME

GameStop - GME Stock Forecast, Price & News

$24.10
+0.12 (+0.50%)
(As of 03/27/2023 08:59 AM ET)
Add
Compare
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

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
0.59mentions of GameStop in the last 14 days
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


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

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.
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.
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!
GameStop (NYSE:GME) Upgraded to Hold at StockNews.com
GameStop (NYSE:GME) Shares Gap Down to $23.87
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!
GameStop (NYSE:GME) Shares Gap Up Following Earnings Beat
GameStop (NYSE:GME) Trading 7.2% Higher on Strong Earnings
Why Is GameStop (GME) Stock Up 48% Today?
GameStop (GME) Set to Announce Earnings on Tuesday
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

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
-77.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$-381,300,000.00
Pretax Margin
-5.10%

Debt

Sales & Book Value

Annual Sales
$5.93 billion
Book Value
$4.34 per share

Miscellaneous

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-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 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.

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