In yesterday’s Wall Street session, Gamestop Corporation (NYSE:GME) shares traded at $21.27, down -0.28% from the previous session.
GME stock price is now -2.00% away from the 50-day moving average and 10.60% away from the 200-day moving average. The market capitalization of the company currently stands at $9.07B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Moore Daniel William, PFO and PAO sold 2,624 shares of the company’s stock on Oct 11 ’24. The stock was sold for $55,115 at an average price of $21.00. Upon completion of the transaction, the PFO and PAO now directly owns 32,280 shares in the company, valued at $0.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 10 ’24, General Counsel and Secretary Robinson Mark Haymond sold 11,000 shares of the business’s stock. A total of $229,066 was realized by selling the stock at an average price of $20.82. This leaves the insider owning 43,927 shares of the company worth $0.93 million. A total of 8.90% 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 0.12, a current ratio of 6.23, and a quick ratio of 5.52. The fifty day moving average price for GME is $21.7032 and a two-hundred day moving average price translates $19.23105 for the stock.
The latest earnings results from Gamestop Corporation (NYSE: GME) was released for 2024-08-03. The net profit margin was 0.93% and return on equity was 1.50% for GME. The company reported revenue of $798.3 million for the quarter, compared to $1.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.41 percent.
