GameStop Corp. (NYSE:GME) is rated as Outperform by analysts at Wedbush. The firm was pushed by the stock performance to change their PT view from $19 to $18 on November 30. Analysts at BofA/Merrill, shed their negative views on November 26 by lifting it fromUnderperform to Neutral. Analysts at Jefferies, made their first call about the stock on July 09, recommending it is Buy.
GameStop Corp. (GME) hit an intraday high Thursday at $16. The shares finished at $15.96, after trading as low as $15.52 earlier in the session. It dropped -0.13% in recent trade and currently has a stock-market value of $1.63B. Trading activity significantly weakened as the volume at ready counter decreased to 2,904,783 shares versus 3,054,215 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 4,344,486 shares. The stock is now 38.06% above against its bear-market low of $11.56 on December 26, 2018. It has retreated -27.26% since it’s 52-week high of $20.31 reached in January. Now the market price is down -18.36% on the year and up 26.47% YTD.
GME’s 50 day simple moving average (SMA 50) price is $13.77 and its 200-day simple moving average (SMA 200) price is $14.35. The company’s stock currently has a total float of 99.41M shares. Its weekly volatility is hovering around 5.93% and felt 4.97% volatility in price over a month. On the upside, the share price will test short term resistance at around $16.13. On a downside, the stock is likely to find some support, which begins at $15.65. The failure to get near-term support could push it to $15.35.
Separately, it has been reported that multiple insider activity took place at GameStop Corp. (GME). Director Shern Stephanie M sold 4,000 shares for $13,474 in transaction occurred on 2017/11/27. After making this transaction, the Director owns a direct stake of 71,640 shares, worth $215,045, as per the last closing price. On 2017/01/13 Shern Stephanie M, Director at GME, dumped 4,000 shares at an average price of $22.58 per share. The selling total is valued at $174,363.
EVP – President International, Mauler Michael had invested in 10,000 shares for $120,922 through a trade on 2016/09/15. Following this activity, the insider holds 269,100 shares worth $1,929,915 as of recent close. Wall Street’s most bullish GameStop Corp. (NYSE:GME) analysts are predicting the share price to blow past $18 per share during the next 12 months. The current median share price forecast by them is $14, suggesting that the stock could increase -12.28% in that time frame. The average price target of $14.32 calls for a nearly -10.28% increase in the stock price.
Moreover, it trades for 6.2 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.04x price/book and 0.18x price/sales. Compared to others, GameStop Corp. is in a different league with regards to profitability, having net margins of -6.4%. To put some perspective around this, the industry’s average net margin is 3.62%. GME’s ROE is -29.3%, which is also considerably worse than the industry’s ROE of 13.09%. It’s also very liquid in the near term, with a current ratio of 1.1. The stock has a debt/capital of 0.52.
Shares of GameStop Corp. (GME) have gained 9.2% since the company’s Apr-19 earnings report. Over the past 12 fiscal quarters, GameStop Corp. (NYSE:GME) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 2 quarters (16%), whereas at 0 occasion EPS met analyst expectations. GME last reported earnings on November 29, 2018 when it released Oct-18 results that exceeded expectations. The company raked in $0.67 per share, -96.3% change on the same period last year. That was better than consensus for $0.57. Revenue for the recent quarter stood at $2.08 billion, up 5% on last year and above the $2.03 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.86 billion to $1.96 billion, which should be compared with $1.81 billion generated last year. EPS is seen in a range of $0.22 to $0.42, against the $0.57 reported a year ago.