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Friday, September 29, 2023

Is GameStop Corp. (NYSE: GME) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for GameStop Corp. (GME) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0307, or 0.17%, to $18.4507. The GameStop Corp. has recorded 17,955 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted GameStop Discloses First Quarter 2023 Results.

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Stocks Info

This NYSE-listed company operates within the Specialty Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $18.42 and fluctuated between $18.73 as its day high and $18.32 as its day low. The current market capitalization of GameStop Corp. is $5.65B. A total of 2.13 million shares were traded on the day, compared to an average of 3.68M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, GME has seen 9 BUY and 4 SELL insider trades, representing the acquisition of 503,230 and the disposition of 132,990 shares. Over the last 12 months, there were 10 BUYs and 6 SELLs from insiders. Insiders purchased 508,230 shares during that period but sold 135,292.

In the most recent transaction, Patel Nir Vinay sold 101,924 shares of GME for 22.44 per share on Jul 10. After the transaction, the Chief Operating Officer now owns 1,004,695 company shares. In a previous transaction on Jul 06, Patel Nir Vinay sold 20,149 shares at 23.27 per share. GME shares that Chief Operating Officer owns now total 1,106,619.

Among the insiders who sold shares, Saadeh-Jajeh Diana disposed of 10,484 shares on Jul 06 at a per-share price of $23.27. This resulted in the Chief Financial Officer holding 93,438 shares of GME after the transaction. In another insider transaction, Robinson Mark Haymond sold 433 shares at $24.48 per share on Jul 05. Company shares held by the General Manager now total 85,563.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. GME’s most recent ex-dividend date was 3/14/2019 when it declared a $0.0950 quarterly dividend that was paid in cash on 3/29/2019. Previously, the company paid the dividend on 12/21/2018 with an ex-dividend date of 12/10/2018. The GME stock dividend was $0.0950 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for GME in the last 3 months, the mean price target is $13.10 with high estimates of $20.00 and low estimates of $6.20. In terms of 52-week highs and lows, GME has a high of $34.99 and a low of $15.41.

As of this writing, GME has an earnings estimate of $General Electric Company per share for the current quarter. EPS was calculated based on a consensus of GameStop Corporation estimates, with a high estimate of $23andMe Holding Co. per share and a lower estimate of $General Motors Company.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. GME’s latest balance sheet shows that the firm has $1.27B in Cash & Short Term Investments as of fiscal 2022. There were $649.00M in debt and $1.35B in liabilities at the time. Its Book Value Per Share was $4.18, while its Total Shareholder’s Equity was $1.60B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GME is Buy with a score of 2.00.

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