Gamestop Corporation (GME) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that GameStop Discloses Third Quarter 2023 Results.

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Stocks Info

Gamestop Corporation is listed on the NYSE in the Consumer Cyclical sector while operating in the Specialty Retail industry. At the end of the last regular session, the stock closed at $14.73 and fluctuated between $14.92 as its day high and $14.08 as its day low. The current market capitalization of Gamestop Corporation is $4.50B. A total of 2.88 million shares were traded on the day, compared to an average of 6.11M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, GME has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 8 SELLs from insiders. Insiders purchased 535,871 shares during that period but sold 150,817.

In the most recent transaction, Robinson Mark Haymond sold 11,966 shares of GME for 15.48 per share on Oct 12. After the transaction, the General Counsel and Secretary now owns 69,377 company shares. In a previous transaction on Oct 02, Robinson Mark Haymond sold 4,220 shares at 15.41 per share. GME shares that General Counsel and Secretary owns now total 81,343.

Among the insiders who sold shares, Moore Daniel William disposed of 686 shares on Oct 02 at a per-share price of $15.41. This resulted in the PAO and Interim PFO holding 17,307 shares of GME after the transaction. In another insider transaction, Cheng Lawrence bought 1,232 shares at $17.71 per share on Sep 11. Company shares held by the Director now total 55,088.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for GME in the last 3 months, the mean price target is $11.95 with high estimates of $15.00 and low estimates of $6.00. In terms of 52-week highs and lows, GME has a high of $27.65 and a low of $11.82.

As of this writing, GME has an earnings estimate of $0.28 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.34 per share and a lower estimate of $0.24. The company reported an EPS of -$0.03 in the last quarter, which was 78.60% higher than expectations of -$0.14.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $4.13, while its Total Shareholder’s Equity was $1.60B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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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