Gamestop Corporation (NYSE:GME) shares traded 6.18% higher at $31.26 on Wall Street last session.
GME stock price is now 24.39% away from the 50-day moving average and 44.29% away from the 200-day moving average. The market capitalization of the company currently stands at $13.97B.
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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, 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 $1.01 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 $1.37 million. A total of 8.89% 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 0.10, a current ratio of 5.11, and a quick ratio of 4.36. The fifty day moving average price for GME is $24.9244 and a two-hundred day moving average price translates $21.5839 for the stock.
The latest earnings results from Gamestop Corporation (NYSE: GME) was released for 2024-08-03. The net profit margin was 1.45% and return on equity was 2.08% 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. For the current quarter, analysts expect GME to generate $1.48B in revenue.
