At the end of the latest market close, GameStop Corp. (GME) was valued at $17.69. In that particular session, Stock kicked-off at the price of $19.41 while reaching the peak value of $20.65 and lowest value recorded on the day was $19.01. The stock current value is $19.94.
Recently in News on January 11, 2021, GameStop Reports 2020 Holiday Sales Results. GameStop Corp. (NYSE: GME), today reported worldwide sales results for the nine-week holiday period ended January 2, 2021 reflecting a 4.8% increase in comparable store sales and a 309% increase in E-Commerce sales. Total sales declined 3.1% driven by an 11% decrease in the company’s store base due to its planned de-densification strategy, temporary store closures around the world due to government mandates and lower store traffic, particularly later in December, due to the significant impacts of COVID-19. The Company believes the industry-wide traffic decline during the Holiday period adversely impacted comparable sales for the nine-week period in the high single-digit to low double-digit percentage point range. In addition, significant worldwide supply chain constraints impacted the ability to distribute products to customers across all sales channels. However, the Company experienced unprecedented demand for recently launched gaming consoles, and while consumer demand far outpaced constrained supply in the nine-week period, the Company believes these products will drive sales well into 2021 as console availability from our suppliers improves later in the year. You can read further details here
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GameStop Corp. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $20.65 on 01/11/21, with the lowest value was $17.08 for the same time period, recorded on 01/08/21.
GameStop Corp. (GME) full year performance was 267.22%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, GameStop Corp. shares are logging -10.78% during the 52-week period from high price, and 675.88% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.57 and $22.35.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 14873516 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the GameStop Corp. (GME) recorded performance in the market was 5.84%, having the revenues showcasing 65.89% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.42B, as it employees total of 14000 workers.
Specialists analysis on GameStop Corp. (GME)
During the last month, 2 analysts gave the GameStop Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 2 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 12.15, with a change in the price was noted +15.13. In a similar fashion, GameStop Corp. posted a movement of +314.55% for the period of last 100 days, recording 11,479,394 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for GME is recording 1.46 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.65.
Trends and Technical analysis: GameStop Corp. (GME)
Raw Stochastic average of GameStop Corp. in the period of last 50 days is set at 79.90%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 76.40%. In the last 20 days, the company’s Stochastic %K was 62.98% and its Stochastic %D was recorded 59.19%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 5.84%. Additionally, trading for the stock in the period of the last six months notably improved by 368.08%, alongside a boost of 267.22% for the period of the last 12 months. The shares 15.59% in the 7-day charts and went down by 45.97% in the period of the last 30 days. Common stock shares were driven by 65.89% during last recorded quarter.