S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
NYSE:GME

GameStop (GME) Stock Price, News & Analysis

$13.16
-2.34 (-15.09%)
(As of 03/27/2024 ET)
Today's Range
$12.80
$13.72
50-Day Range
$13.10
$15.54
52-Week Range
$11.82
$27.65
Volume
17.82 million shs
Average Volume
4.39 million shs
Market Capitalization
$4.02 billion
P/E Ratio
658.58
Dividend Yield
N/A
Price Target
$5.60

GameStop MarketRank™ Stock Analysis

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
57.5% Downside
$5.60 Price Target
Short Interest
Bearish
19.49% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.03
Upright™ Environmental Score
News Sentiment
-0.04mentions of GameStop in the last 14 days
Based on 50 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.41 out of 5 stars

Retail/Wholesale Sector

187th out of 202 stocks

Computer & Software Stores Industry

1st out of 1 stocks

GME stock logo

About GameStop Stock (NYSE:GME)

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 Stock Price History

GME Stock News Headlines

Merck, Cintas rise; GameStop falls, Wednesday, 3/27/2024
Stocks that are trading heavily or have substantial price changes on Wednesday: Merck, Cintas rise; GameStop falls
GameStop Stock Downtrend Is Intact: The End Game Draws Near
Shares of GameStop NYSE: GME have been trending lower ever since the meme stock frenzy first spiked, and the downtrend is intact. The company continues to bleed business and cash, putting it in a downward spiral, and investors should flee.
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
GameStop Stock Downtrend Is Intact: The End Game Draws Near
GameStop is on track to revert to its pre-meme price points below $5, and the move could gain momentum as critical support targets are breached.
Short Interest Could Send These 2 Stocks Flying
Bears may have gotten way too aggressive in their trading lately. This is especially true with stocks like SoFi Technologies Inc. NASDAQ: SOFI and Whirlpool Co. NYSE: WHR.
Short Interest Could Send These 2 Stocks Flying (GME)
Short sellers may be in for a rude awakening as they realize their bets on SoFi and Whirlpool could be wrong, betting against Buffett himself is not a good idea
Reddit IPO: Analyzing Upvotes, Downvotes, and Financial Potential (GME)
Reddit's IPO is a gamble on the power of online communities, with the potential for meme-fueled gains and the risk of unpredictable market behavior.
GameStop Stock Is Giving Investors a Familiar Feeling, But Why?
It's not 2021, but GameStop Inc. NYSE: GME is giving its loyal band of traders a familiar feeling. Between February 22 and March 6, 2024, GME stock surged about 18%.
Altcoin FRENZY Alert…
Bitcoin recently crossed the highest price in its 15-year history… Less than 2 years after one of the most vicious crypto market meltdowns we've ever seen! Bitcoin's BOOM also sent shockwaves through the altcoin market, with select coins seeing HUGE moves in a matter of days… Like Fetch.ai, that gained over 350% in just the last 30 days…
GameStop Stock Is Giving Investors a Familiar Feeling, But Why?
A recent spike in GameStop stock may give investors a familiar feeling, but before getting involved, they should see if there's substance behind the surge
How to Short a Stock in 5 Easy Steps 
How do you short a stock? We'll help you better understand the definition of shorting and how to short a stock step by step.
GameStop (NYSE:GME) Given New $5.60 Price Target at Wedbush
GameStop (NYSE:GME) Shares Gap Down Following Weak Earnings
Why GameStop (GME) Shares Are Trading Lower Today
GameStop Needs To Get Its Game Back
GameStop Stock Tumbles After Sales Fall
See More Headlines
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Company Calendar

Last Earnings
3/26/2024
Today
3/27/2024
Next Earnings (Estimated)
6/05/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Computer & software stores
Sub-Industry
Computer & Electronics Retail
CUSIP
36467W10
Employees
11,000
Year Founded
1996

Price Target and Rating

Average Stock Price Target
$5.60
High Stock Price Target
$5.60
Low Stock Price Target
$5.60
Potential Upside/Downside
-54.4%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$-313,100,000.00
Pretax Margin
-0.10%

Debt

Sales & Book Value

Annual Sales
$5.93 billion
Book Value
$4.34 per share

Miscellaneous

Free Float
266,897,000
Market Cap
$4.02 billion
Optionable
Optionable
Beta
-0.42

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GME Stock Analysis - 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 target for 2024?

1 equities research analysts have issued 12-month target prices for GameStop's shares. Their GME share price targets range from $5.60 to $5.60. On average, they anticipate the company's share price to reach $5.60 in the next twelve months. This suggests that the stock has a possible downside of 57.5%.
View analysts price targets for GME
or view top-rated stocks among Wall Street analysts.

How have GME shares performed in 2024?

GameStop's stock was trading at $17.53 at the beginning of 2024. Since then, GME stock has decreased by 24.9% and is now trading at $13.1650.
View the best growth stocks for 2024 here
.

When is GameStop's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 5th 2024.
View our GME earnings forecast
.

How were GameStop's earnings last quarter?

GameStop Corp. (NYSE:GME) issued its quarterly earnings data on Tuesday, March, 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by $0.07. The firm earned $1.79 billion during the quarter, compared to analysts' expectations of $2.05 billion. GameStop had a trailing twelve-month return on equity of 1.37% and a net margin of 0.13%. The business's revenue was down 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS.

When did GameStop's stock split?

GameStop's stock split before market open on Friday, July 22nd 2022. The 4-1 split was announced on Wednesday, July 6th 2022. The newly issued 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).

Who are GameStop's major shareholders?

GameStop's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.33%), Vanguard Group Inc. (8.33%), Charles Schwab Investment Management Inc. (0.85%), Northern Trust Corp (0.61%), Van ECK Associates Corp (0.44%) and Nuveen Asset Management LLC (0.33%). Insiders that own company stock include Alain Attal, Daniel William Moore, Diana Saadeh-Jajeh, James Grube, Lawrence Cheng, Mark Haymond Robinson, Nir Vinay Patel 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GME) was last updated on 3/28/2024 by MarketBeat.com Staff

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