The price of Gamestop Corporation (NYSE:GME) shares last traded on Wall Street fell -12.13% to $25.22.
GME stock price is now 28.58% away from the 50-day moving average and 56.37% away from the 200-day moving average. The market capitalization of the company currently stands at $8.86B.
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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 2,215 shares of the company’s stock on Jun 13 ’24. The stock was sold for $58,326 at an average price of $26.33. Upon completion of the transaction, the General Counsel and Secretary now directly owns 48,408 shares in the company, valued at $1.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, General Counsel and Secretary Robinson Mark Haymond sold 214 shares of the business’s stock. A total of $3,105 was realized by selling the stock at an average price of $14.51. This leaves the insider owning 50,623 shares of the company worth $1.28 million. A total of 12.38% 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 $64.83. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 2.22, and a quick ratio of 1.42. The fifty day moving average price for GME is $19.8942 and a two-hundred day moving average price translates $16.163 for the stock.
The latest earnings results from Gamestop Corporation (NYSE: GME) was released for 2024-05-04. The net profit margin was 0.51% and return on equity was 1.93% for GME. The company reported revenue of $881.8 million for the quarter, compared to $1.24 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.72 percent.
