The price of Gamestop Corporation (NYSE:GME) shares last traded on Wall Street rose 74.40% to $30.45.
GME stock price is now 133.70% away from the 50-day moving average and 100.83% away from the 200-day moving average. The market capitalization of the company currently stands at $9.32B.
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With the price target reduced from $6.50 to $6.20, Wedbush maintained Underperform rating for Gamestop Corporation (NYSE: GME). On April 12, 2021, Ascendiant Capital Markets Downgraded its previous ‘Hold’ rating to ‘Sell’ on the stock reducing its target price from $12 to quote $10, while ‘Telsey Advisory Group’ rates the stock as ‘Underperform’
In other news, Robinson Mark Haymond, General Counsel and Secretary sold 214 shares of the company’s stock on May 06 ’24. The stock was sold for $3,105 at an average price of $14.51. Upon completion of the transaction, the General Counsel and Secretary now directly owns 50,623 shares in the company, valued at $1.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 24 ’24, PFO and PAO Moore Daniel William sold 7,779 shares of the business’s stock. A total of $79,362 was realized by selling the stock at an average price of $10.20. This leaves the insider owning 13,606 shares of the company worth $0.41 million. A total of 12.81% of the company’s stock is owned by insiders.
During the past 12 months, Gamestop Corporation has had a low of $9.95 and a high of $27.65. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 2.11, and a quick ratio of 1.44.
According to the Specialty Retail Company, earnings per share came in at -0.14, missing analysts’ expectations of -0.12 by -0.02. This compares to $0.16 EPS in the same period last year. The net profit margin was 0.13% and return on equity was 0.50% for GME. The company reported revenue of $1.79 billion for the quarter, compared to $2.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.44 percent. For the current quarter, analysts expect GME to generate $1.05B in revenue.
